- The price of Litecoin tumbled by 20% in the latest crypto selloff
- The 20% drop for LTC after selloff was the highest percentage drop for Litecoin since Sep 2017
- Litecoin price is still down by 87.52% from its ATH
Litecoin news today – The price of LTC is reportedly struggling with the bulls and the bears. Recall that over the weekend it appeared like the bears were looking to retake control. However, Sunday, March 8, didn’t end well for the digital asset. The price of LTC lost a huge chunk of its value within a short space of time. This move occurred after the most recent crypto selloff. It shows that the bulls are still far from holding any sustained control over Litecoin and altcoins. Let us look at how this action occurred and the faith of altcoins.
Litecoin Price Posted a 20% Drop After Latest Selloff
The price of Litecoin was trading at the $52.420 area during yesterday’s season at exactly 12:16 when it posted the 20.09%. This became the highest drop over the last 24-hours and the highest for LTC on the day. This drop is also the largest single-day percentage the decline it endured on September 14, 2017. This price drop for LTC, took it’s market cap downwards to $3.487 billion. At its highest point during the trading day, the overall market cap of Litecoin was trading at $14.099 billion. Litecoin price also traded between the range of $52.420 and $60.456 in the past 24-hours.
Litecoin (LTC) Price Today – LTC / USD
Litecoin price prediction – In the last seven days, the price of Litecoin has posted a decline in value, after it lost 6.77% despite posting gains since February. The trade volume of LTC also reached $4.262 billion in the last 24-hours. The coin has also traded in the range of $52.4202 and $63.8131 during the last seven days.
Litecoin Price is Still Down by 87.52% From its ATH
At its current position, the price of Litecoin is still down by 87.52% from the sum it’s posted as its all-time high on December 12, 2017. At the time LTC price traded at $420.00. The price of LTC has now declined to the point that it has lost a large chunk of the gains it posted since February 2020. Elsewhere in digital currency trading:
Bitcoin price was last seen changing hands at the $8,299.1 area. Much like LTC and altcoins, the coin’s price is down by 9.86% on the day. Meanwhile, Ethereum, the number 2 largest digital asset by market cap is bearish as well. It was trading at $212.48 at press time after posting a 16.21% loss. The same can be said of other altcoins in the cryptocurrency market.