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Litecoin Surges Over 10% Amid Broad Cryptocurrency Rally
Litecoin (LTC) experienced a significant price surge on Friday, gaining 10.15% for the day to trade at $52.68 by 18:00 ET (22:00 GMT), according to data from the Investing.com Index. The move marked the cryptocurrency's largest one-day percentage increase since August 21.
Price Action and Market Cap
The upward momentum pushed Litecoin's market capitalization to $4.07 billion, representing approximately 0.15% of the total cryptocurrency market. During the preceding 24-hour period, the digital asset traded within a range of $47.79 to $52.74.
The daily rally extends a positive trend for the week. Over the past seven days, Litecoin has gained 20.98%, with trading volume in the last 24 hours reaching $520.77 million. Despite the recent gains, the asset remains significantly below its peak; its current price is 87.46% lower than its all-time high of $420.00, set in December 2017.
Broader Market Context
AdLitecoin's performance was part of a widespread rally across the cryptocurrency market. Other major digital assets also posted strong gains during the same period.
- Bitcoin (BTC), the largest cryptocurrency by market cap, was up 8.00% to trade at $78,491.0.
- Ethereum (ETH), the second-largest, gained 8.61%, reaching a price of $2,513.30.
The collective move lifted the total market capitalization for Bitcoin and Ethereum to $1.57 trillion and $303.36 billion, respectively.
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