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Altcoin News

Litecoin Crashes 12%, Crypto Market Bleeds 

Written By Dishita Malvania
Fact Checked by Dhara Chavda
Published February 28, 2025 1:56 PM·Updated 2 years ago
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Litecoin Crashes 12%, Crypto Market Bleeds

Litecoin took a major hit, crashing nearly 12% in just a day to $115.96, its worst drop since February 24, 2025. The fall dragged its market cap down to $8.76 billion, a long way from its peak of $25.61 billion. 

Litecoin price chart
Source: CoinMarketCap

Over the past week, LTC has lost more than 12%, trading between $106 and $131. The 24-hour trading volume stands at $1.94 billion.

And it’s not just Litecoin. The entire crypto market is getting wrecked, plunging 8.50% in a single day. Bitcoin, which recently flirted with the $100K mark, has now tumbled to $78K, down a painful 23% this month. 

Ethereum is struggling too, losing over 10% to trade at $2,115.49. Bitcoin still holds the biggest share of the market with a $1.58 trillion cap, while Ethereum follows at $256.59 billion.

But amidst the chaos, Litecoin has shown some fight. It bounced back 20% after dropping to $106 on February 25, briefly falling below key moving averages before recovering. It’s doing better than many other cryptos right now. If LTC manages to close above $133, it could reach its highest price since January 2022. That said, breaking past $140 has been a tough hurdle for the past three months.

The market is in turmoil, and everything is bleeding red. Litecoin’s next move depends on whether it can push past resistance and regain momentum. Right now, crypto investors are just holding on for dear life as the rollercoaster ride continues.

Also Read: XRP crashed to $2.18 after a 30% drop in a month

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Litecoin (LTC)
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