LTC (Litecoin) fell 3.53% in 24 hours.

Gate News Bot消息，November 18, according to CoinMarketCap data, as of the time of writing, LTC (Litecoin) is currently priced at $93.75, having fallen 3.53% in the last 24 hours, with a high of $109.06 and a low of $90.62. The 24-hour volume reached $872 million. The current market capitalization is approximately $7.175 billion, a decrease of $263 million compared to yesterday.

Litecoin is a peer-to-peer internet currency that supports instant, nearly free payments to anyone globally. Litecoin is an open-source global payment network that is fully decentralized and has no central authority. The network is secured by mathematics, giving individuals control over their finances. Compared to leading mathematically-based currencies, Litecoin offers faster transaction confirmation times and higher storage efficiency. With significant industry support, volume, and liquidity, Litecoin has proven to be a complementary commercial medium to Bitcoin.

Important news about LTC recently:

1️⃣ Price continues to fall, and the decline is widening The price of LTC has continued to fall over the past two days, with the decline expanding from 5.71% on November 17 to 3.53% on the 18th. The price has further dropped from $96.39 to $93.75, reflecting a growing pessimism in the market regarding the short-term outlook for LTC. This sustained downward trend may raise concerns among investors and could lead to increased selling pressure.

2️⃣ Volume has significantly increased Despite the price fall, the 24-hour volume of LTC has increased from $757 million to $872 million, an increase of about 15.2%. The increase in volume may indicate that market participation is rising, but in the context of falling prices, it may mean that more investors are choosing to close positions or adjust their holdings.

3️⃣ market capitalization continues to shrink The market capitalization of LTC has further declined from $7.377 billion on November 17 to $7.175 billion, a total decrease of approximately $202 million within two days. The continued shrinkage of market capitalization reflects a decline in investor confidence, which may negatively impact LTC's ranking in the cryptocurrency market.

From a technical perspective, the LTC price has fallen below the support level of $95 and may face further downward pressure. In the short term, $90 may become the next key support level. On the fundamental side, although there have been no significant changes in the infrastructure and application scenarios of the LTC network, the current market sentiment may continue to affect its price performance. Investors should closely monitor market trends and assess potential risks.

This message is not investment advice; investors should be aware of market volatility risks.