Cryptocurrency Litecoin Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin's price has decreased by 3.58% in the last 24 hours, continuing a weekly decline of 2.0%. Trading volume has dropped by 22.0%, while circulating supply increased slightly. Litecoin's market cap is ranked #26 at $4.87 billion.

October 07, 2024 | 7:00 pm
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NEGATIVE IMPACT
Litecoin's price has decreased by 3.58% in the last 24 hours, continuing a weekly decline of 2.0%. Trading volume has dropped by 22.0%, while circulating supply increased slightly. Litecoin's market cap is ranked #26 at $4.87 billion.
The decrease in Litecoin's price by 3.58% in the last 24 hours, along with a 2.0% weekly decline, indicates a negative short-term trend. The drop in trading volume by 22.0% suggests reduced investor interest or activity, which could further pressure the price downward. The slight increase in circulating supply is not significant enough to counteract the negative price movement. Overall, these factors contribute to a likely short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100