Litecoin price (LTC/USD) remains stable in Thursday’s morning session
The Litecoin price (LTC/USD) has seen a slight decline in the early hours of today’s trading, but it has so far remained stable above $75. According to data from Coinmarketcap, the price is up about 3% over the past 24 hours.
While Litecoin remains among the most traded cryptocurrencies, it’s trading volume has declined in the past 24 hours. Litecoin’s 24-hour trading volume currently stands at nearly $650 million. A breakdown on that figure shows that Chinese cryptocurrency exchange accounts for 23.5% of the global market activity, followed by South Korea’s Bithumb with 20.1% and another Chinese platform, Huobi, with 17.8%.
At its current level the Litecoin price is well below its recently posted all-time high of over $90, but that’s mainly the result of the broader cryptocurrency market slump, which happened on Monday, after China announced that it was banning domestic initial coin offerings. Like most of its peers, Litecoin suffered heavy losses during that trading session, with its price falling to $64. However, the decline didn’t last long and on the very next day the market bounced back, which suggests that the bullish trend still persists. Litecoin, in particular, has been among the best-performing major cryptocurrencies over the past couple of days.
In today’s trading, the Litecoin price stood at $78.09, as of 10:49 BST. The cryptocurrency has gained 3.1% over the past 24 hours, according to Coinmarketcap. It currently has a total market capitalisation of $4.1 billion, which makes it the fifth-largest cryptocoin on the market.
For further information on how to buy and trade Litecoin, see our comprehensive Litecoin guide.