Litecoin Market Cap Caves In From Bearish Trends, Sheds Over $2 Billion Last Month
2022年6月15日 - 1:26PM
NEWSBTC
Litecoin market cap crashes as triggered by the bearish movement of
the crypto market. Litecoin’s market cap was down by more than 30%
compared to its performance in the first week of May wherein the
digital asset was in top shape. Litecoin market valuation closed
the previous month at $4.82 billion; a disappointing number to say
the least. LTC was one of the cryptocurrencies that felt the blow
on the eve of the crypto crash in May. The coin was down by 11.04%
on Monday, dubbed the token’s most significant percentage loss by
far. Its market cap spiraled down to $3.012 billion. For
comparison, note that the LTC’s highest market cap by far is at
$25.609 billion. Suggested Reading | Dogecoin Shed 91% Of Its
Value Since 2021 High – A Musk Tweet To Pump DOGE? Litecoin Shaved
Off 33.59% In TCV Meanwhile, LTC traded between $41.200
to $48.300 in the past 24 hours. Litecoin has also declined in
value, losing as much as 33.59% and traded 0.75% or around $1.135B
of the total crypto volume. The coin plunged by 89.83% compared to
its all-time high, wherein it peaked at $420 on December 12, 2017.
Evidently, it started May with a bang at $96.17. May 1 had LTC
soaring at a trading volume of $592.41 million, equivalent to a
market cap of $6.98 billion. The crypto asset also reached a
monthly high that peaked at $106.80 or on May 4. LTC total market
cap at $3.1 billion on the daily chart | Source: TradingView.com It
also tested and dipped to a monthly low on May 12 at $55.32; and
consequently ended May at a trading price burrowed at $68.41. The
figures reveal that LTC has dropped immensely when you look at its
opening and closing prices in May. LTC Hurt By Crypto Market Crash
In May LTC resorted to an aggressive sell-off due to the market cap
disequilibrium. Like other cryptocurrencies, it is toughing it out
in rough times. Many factors have triggered this rupture, such as
inflation, stock market crisis, economic and political events, and
increased interest in precious metals like gold, silver, and the
like. Huge transactions with LTC peaked on May 18 at 12,910,
equivalent to roughly 84.31 million worth of transactions priced at
$70. This generally translates to a total transaction volume
amounting to $5.9 billion. LTC opened May 18 at $72.97, which
capsized at an intraday low of $66.42. The trading volume shows a
remarkable decline of 33% in the market value of the coin since May
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US Inflation And Difficulty Bomb Setback Featured image from
ITNext, chart from TradingView.com
Litecoin (COIN:LTCUSD)
過去 株価チャート
から 3 2024 まで 4 2024
Litecoin (COIN:LTCUSD)
過去 株価チャート
から 4 2023 まで 4 2024