Litecoin Market Cap Caves In From Bearish Trends, Sheds Over $2 Billion Last Month

Litecoin market cap crashes as triggered by the bearish movement of the crypto market. Litecoin’s market cap was down by more than 30% compared to its performance in the first week of May wherein the digital asset was in top shape. Litecoin market valuation closed the previous month at $4.82 billion; a disappointing number to say the least. LTC was one of the cryptocurrencies that felt the blow on the eve of the crypto crash in May. The coin was down by 11.04% on Monday, dubbed the token’s most significant percentage loss by far. Its market cap spiraled down to $3.012 billion. For comparison, note that the LTC’s highest market cap by far is at $25.609 billion. Suggested Reading | Dogecoin Shed 91% Of Its Value Since 2021 High – A Musk Tweet To Pump DOGE? Litecoin Shaved Off 33.59% In TCV Meanwhile, LTC traded between $41.200 to $48.300 in the past 24 hours. Litecoin has also declined in value, losing as much as 33.59% and traded 0.75% or around $1.135B of the total crypto volume. The coin plunged by 89.83% compared to its all-time high, wherein it peaked at $420 on December 12, 2017. Evidently, it started May with a bang at $96.17. May 1 had LTC soaring at a trading volume of $592.41 million, equivalent to a market cap of $6.98 billion. The crypto asset also reached a monthly high that peaked at $106.80 or on May 4. LTC total market cap at $3.1 billion on the daily chart | Source: TradingView.com It...