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Cryptocurrency News Articles
Litecoin's Price Surge: What It Means for Investors in 2025
Jan 17, 2025 at 09:00 am
Litecoin has recently made headlines with a substantial price increase of 10.07%, reaching $123.948 by 08:04 on Thursday (23:04 GMT).
Litecoin Surges as Investors Shift Focus from Bitcoin, Ethereum
Litecoin (CRYPTO: LTC) has surged by 10.07% to $123.948 as of 08:04 on Thursday (23:04 GMT), marking the highest daily percentage rise since January 15, 2025.
What Happened: The surge comes as investors are shifting their focus away from Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which both saw slight movements in the opposite direction.
As of Thursday morning, Bitcoin was up by 0.15% to $99,867.1 and Ethereum was down by 3.64% to $3,304.68.
Bitcoin and Ethereum had a market capitalization of $1,975.900 billion and $397.116 billion, respectively, at the time of this writing.
Meanwhile, Litecoin had a market cap of $9.322 billion, which constituted 0.27% of the total cryptocurrency market. At its peak, Litecoin’s market capitalization reached $25.609 billion.
Over the past 24 hours, Litecoin has traded in the range of $114.253 to $130.083. Over the past week, it has seen a commendable 20.25% increase in price, with trading volumes hitting $2.603 billion, which accounts for 1.65% of the entire cryptocurrency trading volume. During this week, prices fluctuated between $93.2916 and $130.0835.
Despite this rally, it’s essential to note that Litecoin’s current value is still down by 70.49% from its all-time high of $420.00 recorded on December 12, 2017.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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