LTC (Litecoin) fell 0.09% in the last 24 hours.

Gate News Bot news, on November 19, according to CoinMarketCap data, as of the time of writing, LTC (Litecoin) is currently priced at $94.35, down 0.09% in the last 24 hours, with a high of $109.06 and a low of $90.62. The 24-hour volume has reached $695 million. The current market capitalization is approximately $7.222 billion, a decrease of $6.5048 million from yesterday.

Litecoin is a peer-to-peer internet currency based on blockchain technology that enables instant, nearly zero-cost global payments. As an open-source global payment network, Litecoin is fully decentralized and is not controlled by any central authority. The network is secured by mathematical algorithms, allowing individuals to control their finances. Litecoin offers faster transaction confirmation times and higher storage efficiency than mainstream digital currencies. With extensive industry support, volume, and liquidity, Litecoin has become a strong complement to Bitcoin and serves as a mature medium for commercial transactions.

Important news about LTC recently:

1️⃣ Price continues to fall, the decline has narrowed The price of LTC has continuously fallen over the past three days, narrowing from a decline of 5.71% on November 17 to 0.09% on the 19th. The price has dropped from $96.39 to $94.35, reflecting that the market's bearish sentiment towards LTC has eased somewhat, but has not completely reversed. This ongoing downward trend may impact investor confidence, but the narrowing of the decline also shows certain signs of stabilization.

2️⃣ Volume has significantly fallen The 24-hour volume of LTC fell from 872 million USD on November 18 to 695 million USD, a decrease of approximately 20.3%. The reduction in volume may indicate a decline in market activity, with investors' willingness to trade at current price levels weakening. This decrease in trading enthusiasm may lead to a reduction in price volatility in the short term.

3️⃣ Market capitalization tends to stabilize The market capitalization of LTC on November 19 was $7.222 billion, a slight increase compared to $7.175 billion on the 18th. The relative stability of the market capitalization indicates that despite minor price fluctuations, the overall market valuation remains within a relatively fixed range, which may provide some support for LTC's position in the cryptocurrency market.

From a technical perspective, the price of LTC is currently fluctuating in the range of 90-95 dollars, with 90 dollars likely becoming an important short-term support level. On the fundamental side, the infrastructure and application scenarios of the LTC network have not undergone significant changes, and its positioning as a fast, low-cost payment tool remains solid. However, the overall sentiment in the cryptocurrency market will still be a key factor influencing the short-term price trend of LTC. Investors should closely monitor the overall market trend and potential macroeconomic impacts.

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