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Cryptocurrency News Articles

Litecoin Slumps over 3% in 24 Hours, Faces Weekly Decline

May 14, 2024 at 11:02 pm

Over the last 24 hours, Litecoin (LTC) has declined by 3.08% to $78.86, extending its weekly decline of 3.0%. Its trading volume has risen by 2.0% in the past week, while its circulating supply remains at 88.73% of its maximum capacity. With a market capitalization of $5.88 billion, LTC ranks 21st among cryptocurrencies, according to CoinGecko API data.

Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Over the past 24 hours, Litecoin's (CRYPTO: LTC) price has fallen 3.08% to $78.86. This continues its negative trend over the past week where it has experienced a 3.0% loss, moving from $82.02 to its current price.

The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 2.0% over the past week while the overall circulating supply of the coin has increased 0.0% to over 74.53 million which makes up an estimated 88.73% of its max supply, which is 84.00 million. The current market cap ranking for LTC is #21 at $5.88 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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