Key Moments
- Litecoin rose 10.01% to $85.26, marking its strongest single-day advance since November 7.
- Litecoin’s market capitalization increased to $6.51B, representing 0.21% of the total cryptocurrency market cap.
- Bitcoin and Ethereum also advanced, with Bitcoin up 7.28% to $93,340.7 and Ethereum gaining 9.17% to $3,060.18.
Litecoin Posts Its Largest Daily Jump in Weeks
Investing.com – Litecoin was changing hands at $85.26 by 00:04 (05:04 GMT) on the Investing.com Index on Wednesday, climbing 10.01% over the prior 24 hours. This daily increase was the strongest percentage gain since November 7.
The latest upswing lifted Litecoin’s market capitalization to $6.51B, accounting for 0.21% of the entire cryptocurrency market. For comparison, Litecoin’s market cap has previously peaked at $25.61B.
Recent Trading Range and Weekly Performance
During the preceding twenty-four hours, Litecoin traded between $82.53 and $85.26.
Over the last seven days, price action in Litecoin has been relatively muted, with the token moving just 0.39%. Trading volume for Litecoin in the twenty-four hours to the time of writing stood at $538.99M, equivalent to 0.33% of the total volume across all cryptocurrencies. Over that seven-day period, Litecoin has fluctuated within a band of $74.8739 to $87.7588.
Despite the latest rally, Litecoin remains 79.70% below its all-time high of $420.00, which was reached on December 12, 2017.
| Asset | Latest Price (Investing.com Index) | 24h % Change | Market Cap | Share of Total Crypto Market Cap |
|---|---|---|---|---|
| Litecoin | $85.26 | 10.01% | $6.51B | 0.21% |
| Bitcoin | $93,340.7 | 7.28% | $1,859.44B | 59.06% |
| Ethereum | $3,060.18 | 9.17% | $368.84B | 11.71% |
Broader Crypto Market: Bitcoin and Ethereum Advance
In the wider digital asset space, major cryptocurrencies also recorded gains.
Bitcoin was last quoted at $93,340.7 on the Investing.com Index, up 7.28% over the day.
Ethereum was trading at $3,060.18 on the Investing.com Index, increasing 9.17% over the same period.
Bitcoin’s market capitalization was most recently measured at $1,859.44B, giving it a 59.06% share of the total cryptocurrency market. Ethereum’s market cap stood at $368.84B, representing 11.71% of total crypto market value.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
