Investing.com - Litecoin was trading at $56.641 by 21:10 (01:10 GMT) on the Investing.com Index on Monday, down 12.49% on the day. It was the largest one-day percentage loss since April 12.
The move downwards pushed Litecoin's market cap down to $4.462B, or 0.23% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $25.609B.
Litecoin had traded in a range of $56.388 to $62.558 in the previous twenty-four hours.
Over the past seven days, Litecoin has seen a drop in value, as it lost 16.95%. The volume of Litecoin traded in the twenty-four hours to time of writing was $310.643M or 0.37% of the total volume of all cryptocurrencies. It has traded in a range of $56.3884 to $74.5485 in the past 7 days.
At its current price, Litecoin is still down 86.51% from its all-time high of $420.00 set on December 12, 2017.
Elsewhere in cryptocurrency trading
Bitcoin was last at $54,701.4 on the Investing.com Index, down 9.17% on the day.
Ethereum was trading at $2,336.45 on the Investing.com Index, a loss of 19.83%.
Bitcoin's market cap was last at $1,105.922B or 56.04% of the total cryptocurrency market cap, while Ethereum's market cap totaled $301.107B or 15.26% of the total cryptocurrency market value.
Analysis:
Litecoin has experienced a significant drop of 12.49%, marking its largest one-day percentage loss since April. This downward movement has resulted in Litecoin's market cap decreasing to $4.462B, representing only 0.23% of the total cryptocurrency market cap. Over the past seven days, Litecoin has lost 16.95% in value, trading in a range of $56.3884 to $74.5485. Currently, Litecoin is down 86.51% from its all-time high of $420.00 set in 2017.
Bitcoin and Ethereum have also seen losses in their prices, with Bitcoin down 9.17% and Ethereum down 19.83%. Bitcoin's market cap is at $1,105.922B, accounting for 56.04% of the total cryptocurrency market cap, while Ethereum's market cap stands at $301.107B, representing 15.26% of the total cryptocurrency market value.
These fluctuations in the cryptocurrency market indicate potential risks for investors and highlight the volatility of digital assets. It is essential for investors to stay informed and cautious when trading cryptocurrencies to mitigate potential losses and make informed decisions about their investments.