Story
Litecoin Jumps Over 10% in Largest Daily Gain Since August
Summary
Litecoin saw its largest one-day percentage gain in a month, surging over 10% to top $62 and pushing its market cap to $4.71 billion amid a broader cryptocurrency market rally.
Litecoin (LTC) experienced a significant rally on Monday, surging more than 10% in its largest single-day percentage gain in a month. The move pushed the cryptocurrency's market capitalization to over $4.7 billion as it outperformed other major digital assets.
Price and Volume Details
According to data from the Investing.com Index, Litecoin was trading at $62.92 by 08:39 GMT, a gain of 10.07% for the day. This marks the most substantial one-day increase for the asset since August 21. The price fluctuated within a 24-hour range of $58.18 to $63.07.
The rally boosted Litecoin's market capitalization to $4.71 billion, which accounts for 0.16% of the total cryptocurrency market. Trading volume in the preceding 24 hours reached $398.57 million, or 0.36% of the total volume across all cryptocurrencies, as reported by Investing.com.
Market Context and Weekly Performance
AdLitecoin's advance was part of a broader positive trend over the past week, during which the asset has gained 13.2%. Its performance on Monday outpaced that of the market leaders. For comparison:
- Bitcoin (BTC) rose 5.99% to trade at $85,310.1.
- Ethereum (ETH) gained 5.72% to reach $2,727.56.
Despite the recent gains, Litecoin remains substantially below its historical peak. The current price is still down 85.02% from its all-time high of $420.00, set on December 12, 2017. The asset's all-time high for market capitalization was $25.61 billion.
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