- Litecoin surged 16.07% to $107.95, marking its biggest one-day gain since December 2024.
- Despite the rally, it remains 74.30% below its all-time high of $420.
Litecoin is back in the spotlight! The cryptocurrency surged 16.07% on Tuesday, hitting $107.95. This marks its biggest one-day gain since December 1, 2024. The price spike has pushed litecoin market cap to $8.17 billion, making up 0.24% of the total crypto market.
A Strong Bounce Amid Volatility
Litecoin’s recent price action has been volatile. Over the past seven days, it dropped 4.55%, trading between $82.39 and $134.77. Despite the strong rally, it still sits 74.30% below its all-time high of $420, reached on December 12, 2017.
In the past 24 hours, LTC moved within a tight range of $106.89 to $108.60. Trading volume hit $2.20 billion, accounting for 0.66% of all cryptocurrency transactions.
Is LTC Gearing Up for a Bigger Move?
The recent price jump suggests renewed interest in Litecoin. With Bitcoin and Ethereum also surging—Bitcoin up 8.82% to $101,655 and Ethereum rising 13.74% to $2,853—altcoins like Litecoin could see further upside.
Bitcoin remains the dominant force, holding a market cap of $2.01 trillion, or 60.18% of the crypto market. Ethereum follows with $344.06 billion, making up 10.30%.
What’s Next for Litecoin?
Litecoin’s ability to sustain this rally depends on overall market sentiment. If Bitcoin continues its climb, Litecoin may ride the wave higher. Traders will be watching key resistance levels to see if the momentum holds.
For now, Litecoin’s comeback has caught the market’s attention. Will it break past $110 and push even higher? Crypto traders are keeping a close eye!
