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Litecoin price (LTC/USD) down from yesterday’s record highs but seemingly stable above $300

on Dec 13, 2017
Updated: Oct 11, 2019
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The Litecoin price (LTC/USD) has mostly above the $300 mark despite experiencing a pullback from yesterday’s record highs.

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The cryptocurrency soared to never before seen highs on Tuesday, setting a new record of $341.72. However, the digital coin was unable to establish a stable position above those levels and eventually closed at $316.16.

The Litecoin price declined further on Wednesday morning, but apart from a couple of steeper drops in early trading, it has stayed above the $300 level. The coin seems to have gained new momentum in more recent trading, with the price is currently hovering around $325, according to data from cryptocurrency tracker Coinmarketcap.

Yesterday’s price gains were supported by a massive increase in market activity, with LTC’s daily trading volume soaring to nearly $7 billion on Tuesday. Coinmarketcap’s current data suggests that the market activity has somewhat quiet down in today’s trading, although the coin’s 24-hour trading volume remains at a very impressive $5.4 billion. The US-based cryptocurrency exchange accounts for nearly 30% of that volume.

Yesterday, GDAX’s parent company Coinbase decided to temporarily halt trading for Litecoin and Ethereum, as prices on its platforms surged well above the market averages. The move did not appear to extend entirely to GDAX, though the platform indicated that there was a “partial outage” regarding LTC withdrawals, industry website Coindesk noted in its report on the matter.

In today’s trading, the Litecoin price stood at $327.56, as of 13:11 GMT. The cryptocurrency has gained 10% in the past 24 hours.

For further information on how to buy and trade Litecoin, see our comprehensive Litecoin guide.

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