### Cryptocurrency Update: Litecoin Spikes by 5% in 24 Hours

15 views 2:03 pm 0 Comments May 13, 2024

Litecoin’s LTC/USD price has surged by 5.9% in the past 24 hours, reaching $87.99. Over the previous week, LTC has experienced an increase of over 8.0%, rising from \(81.1 to its current value. Notably, **the cryptocurrency’s peak price is \)410.26**.

The chart below illustrates the price movements and volatility of Litecoin, comparing the fluctuations in the last 24 hours (left) to the trends over the past week (right). The gray Bollinger Bands depict the volatility in both the daily and weekly price changes, with a wider band indicating higher volatility.

In the last week, Litecoin’s trading volume has decreased by 2.0%, and the total circulating supply has slightly dropped by 0.05% to around 74.47 million. This adjustment brings the current circulating supply to approximately 88.65% of its maximum supply, capped at 84.00 million. Currently, LTC holds the #21 rank in market capitalization, totaling $6.56 billion.

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