Litecoin Plunges 10% in Largest One-Day Percentage Loss Since December 2024

Litecoin was trading at $114.537 by 11:53 (11:53 GMT) on the Investing.com Index on Sunday, down 10.22% on the day.

Litecoin price plunged 10.22% on Sunday morning, marking its steepest one-day decline since December 18, 2024, and dropped below the key $120 level.

According to data on the Investing.com Index, LTC/USD was trading at $114.537 by 11:53 (11:53 GMT). The move came after a strong rally of over 16% last week.

The downturn pushed Litecoin market cap down to $8.708B, or about 0.24% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $25.609B.

On the other hand, Litecoin had a trading range of $114.537 to $128.582 in the previous twenty-four hours.

The cryptocurrency price is up over 11% in the past seven days. It hovered around a seven-day high of $140.7928 and seven-day low of $93.2916.

Seven days of gains follow a seven-week losing streak for Litecoin, which began in early March.

During the seven-week downturn, the coin lost nearly 50% of its value. Litecoin reached an all-time high of $420.00 on December 12, 2017. At current levels, it is still down over 72% from that peak.

Other cryptocurrency price movements include Bitcoin, which was last at $104,494.0 on the Investing.com Index, and rose 0.88% for the day.

Bitcoin price remained above the seven-day low of $98,666.5 and seven-day high of $110,060.0.

Meanwhile, Ethereum price fell 5.45% on the Investing.com Index and was at $3,137.83.

Bitcoin's market cap was last at $2,071.204B, or 57.62% of the total cryptocurrency market cap, and Ethereum market cap stood at $379.178B, or about 10.55% of the total cryptocurrency market cap.