Litecoin experienced a significant surge on Thursday, climbing 10.02% to trade at $61.54 by 19:08 ET (23:08 GMT), marking its largest single-day percentage gain since August 8. This upward movement boosted Litecoin’s market capitalization to $4.63 billion, representing 0.24% of the total cryptocurrency market cap. For perspective, Litecoin’s market cap peaked at $25.61 billion at its height.
In the past 24 hours, Litecoin fluctuated between $55.25 and $61.91. Despite Thursday’s rally, the cryptocurrency has struggled over the past week, losing 11.35% in value. Trading volume in the last 24 hours amounted to $290.06 million, accounting for 0.12% of the total market volume. Over the past week, Litecoin traded within a broader range of $50.31 to $69.95.
Even with the recent price increase, Litecoin remains significantly below its all-time high of $420.00, set on December 12, 2017—a staggering 85.35% drop from that peak.
Broader Cryptocurrency Market Sees Gains
The broader cryptocurrency market also saw gains. Bitcoin rose 13.04% to $62,473.5, while Ethereum climbed 15.12% to $2,711.17. Bitcoin’s market cap was last recorded at $1.23 trillion, capturing 64.68% of the total cryptocurrency market value. Ethereum’s market cap reached $327.35 billion, accounting for 17.18% of the market.
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