Litecoin Drops 10% to Trade Below $93, Its Biggest One-Day Loss Since August

Investing.com - Litecoin was trading at $92.548 by 15:37 (15:37 GMT) on the Investing.com Index on Sunday, down 10.03% on the day.

Litecoin price dropped sharply on Sunday, September 25, 2022, as per Investing.com. The cryptocurrency was trading at $92.548 by 3:37 PM ET (15:37 GMT), down 10.03% in a single day. This marked the largest one-day percentage loss for Litecoin since August 5.

The significant decrease in Litecoin's price pushed its market capitalization down to $7.065 billion, which constituted 0.22% of the total cryptocurrency market. At its peak, Litecoin's market cap had reached $25.609 billion.

Over the past twenty-four hours, Litecoin's price range spanned from $91.735 to $103.008, based on Investing.com's data.

In the seven days prior to the report, Litecoin had experienced a rise in value, with a gain of 5.99%. The volume of Litecoin traded during the twenty-four hours up to the time of the report amounted to $1.671 billion, which represented 0.79% of the total volume of all cryptocurrencies. Over the past 7 days, Litecoin had traded within a range of $81.6931 to $106.1303.

At its current price point, Litecoin remained substantially lower by 77.96% from its all-time high of $420.00, which was recorded on December 12, 2017.

Bitcoin and Ethereum prices also slipped on Sunday, as reported by Investing.com. Bitcoin was last trading at $96,304.4 on the Investing.com Index, indicating a decrease of 2.19% during the day.

Meanwhile, Ethereum was valued at $3,297.45 on the Investing.com Index, showing a loss of 4.69%.

Bitcoin's market capitalization stood at $1,917.317 billion, or 58.51% of the total cryptocurrency market, while Ethereum's market cap was $399.564 billion, or 12.19% of the total cryptocurrency market.