Cryptocurrency Litecoin Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin's price has decreased by 3.77% in the past 24 hours, continuing a weekly decline of 5%. Trading volume has increased by 55% over the past week, while the circulating supply has slightly decreased. Litecoin's market cap is ranked #26 at $4.76 billion.
October 02, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Litecoin's price has decreased by 3.77% in the past 24 hours, continuing a weekly decline of 5%. Trading volume has increased by 55% over the past week, while the circulating supply has slightly decreased. Litecoin's market cap is ranked #26 at $4.76 billion.
The decrease in Litecoin's price by 3.77% in the past 24 hours and 5% over the past week indicates a negative short-term trend. The increase in trading volume suggests heightened market activity, possibly due to selling pressure. The slight decrease in circulating supply is not significant enough to counteract the price decline. Overall, the news suggests a bearish outlook for Litecoin in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100