Paul Johnson Litecoin (LTC) took a sharp beating on Monday, plunging 10.08% in a single day to trade at $111.22 by 19:42 (18:42 GMT). The drop marked its steepest one-day percentage loss since April 6, sending jitters across altcoin markets that were already grappling with broader selloffs.
The selloff wiped Litecoin’s market capitalization down to $8.50 billion, or just 0.22% of the total crypto market cap. For perspective, Litecoin’s market cap once peaked at $25.61 billion, highlighting the scale of its long-term decline.
A Closer Look at the Slide
24-hour range: Litecoin fluctuated between $110.62 and $118.65, with heavy downward pressure dominating.
Weekly performance: LTC lost 5.65% over the past seven days, underperforming major peers.
Volume check: Trading activity hit $1.14 billion in the last 24 hours, accounting for 0.48% of the total crypto volume.
Long-term pain: At current levels, Litecoin remains down 73.52% from its all-time high of $420, set back in December 2017.
The latest rout underscores how quickly sentiment can turn against altcoins, particularly those struggling to maintain relevance in an increasingly competitive blockchain landscape.
Broader Crypto Market Snapshot
Litecoin wasn’t the only digital asset under stress. Heavyweights Bitcoin and Ethereum also suffered losses, though less severe:
Bitcoin (BTC): Last traded at $112,257.5, down 2.07% on the day, but still holding a dominant 57.75% share of the total market cap ($2.24 trillion).
Ethereum (ETH): Fell more sharply, sliding 7.42% to $4,570.63, with a market value of $552.91 billion, representing 14.26% of the market.
What You Need To Know?
Litecoin’s 10% plunge highlights investor flight from mid-cap altcoins in risk-off trading.
Trading volumes suggest active selling pressure rather than simple market illiquidity.
Despite Bitcoin’s resilience, Ethereum’s 7% drop indicates altcoins remain vulnerable in the current environment.
Litecoin’s long-term underperformance—still 73% below its ATH—raises fresh questions about its role and adoption in the modern crypto economy.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
