Litecoin (LTC) Surges 10% to $127, Highest Daily Increase Since December 2024

In a dramatic turn of events, Litecoin experienced a robust expansion in value, surging by an impressive 10.07% to reach $127.41 on Wednesday.

Litecoin experienced a robust surge in value on Wednesday, rising by an impressive 10.07% to reach $127.41. This marks the highest daily increase seen since early December of 2024, grabbing the attention of market enthusiasts and traders.

With this uptick, Litecoin’s market capitalization also escalated to a substantial $9.54 billion, now taking up 0.26% of the entire cryptocurrency market cap. Despite this growth, the coin remains a significant distance from its former market cap high of $25.61 billion.

Over the past week, Litecoin has shown a commendable rise of 16.87%, with recent 24-hour trades ranging between $123.02 and $127.42. This growth was accompanied by a trade volume of $1.72 billion over the same period, which accounts for 0.92% of the overall cryptocurrency trading activity.

Even with this positive momentum, Litecoin’s current price stands 69.66% lower than its all-time high of $420.00 reported in December 2017.

In parallel, Bitcoin saw a modest increase of 0.37%, trading at $106,270.60, whereas Ethereum faced a downturn, decreasing by 1.87% to $3,882.76. Bitcoin’s colossal market cap of $2,107.15 billion dominates at 56.76%, while Ethereum holds a sizeable share at 12.63% with $469.06 billion.

The dynamic shifts in cryptocurrency values continue to draw considerable interest from investors seeking to navigate the volatile yet promising market environment.