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Litecoin Experiences 11% Decline in Selloff

Litecoin faced a notable selloff, with its value dropping to $93.815, marking a significant decline of 10.54% within a single day. This represents the largest one-day percentage loss observed since January 3.

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The downward movement in Litecoin’s price led to a decrease in its market capitalization to $7.020 billion, accounting for 0.27% of the total cryptocurrency market cap. In comparison, Litecoin’s market cap had previously peaked at $25.609 billion.

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During the preceding twenty-four hours, Litecoin’s price fluctuated between $93.815 and $104.245.

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Over the past week, Litecoin has shown an overall increase in value, with a rise of 10.63%. The trading volume of Litecoin in the twenty-four hours leading up to the current data was $1.281 billion, constituting 0.85% of the total volume of all cryptocurrencies. Notably, Litecoin’s price ranged from $79.9100 to $105.6173 over the past seven days.

Even with its current price, Litecoin remains considerably lower, down by 77.66% from its all-time high of $420.00, which was reached on December 12, 2017.

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