Cryptocurrency Litecoin Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin's price has dropped by 4.96% in the last 24 hours to $71.49, despite an 8% gain over the past week. Trading volume increased by 24% while circulating supply decreased by 0.29%.
October 21, 2024 | 3:00 pm
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NEGATIVE IMPACT
Litecoin's price has decreased by 4.96% in the last 24 hours, contrasting with its 8% gain over the past week. The trading volume has increased by 24%, while the circulating supply has slightly decreased by 0.29%.
The recent 4.96% drop in Litecoin's price suggests a short-term negative impact on its value. The increase in trading volume indicates heightened interest or volatility, while the decrease in circulating supply could affect liquidity. Overall, these factors contribute to a likely short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100