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Litecoin heads north 10% as traders gain confidence
On Monday, on the Investing.com Index, Litecoin managed to conclude the trading session at $47.913, heading north by up to 10.04% on the day. It turned out to be the most impressive one-day percentage leap since February 8.
Apparently, the move upwards pushed Litecoin's market capitalization to $2.869B, which accounts from about 2.17% of the overall crypto market capitalization. By the way, at its highest, this crypto asset’s market capitalization amounted for $14.099B.
By the way, for the last twenty-four hours, Litecoin had fluctuated in a range $43.798-$47.913.
For the last seven days, this digital coin has faced a leap in value, heading north by approximately 8.55%. For the twenty-four hours to time of writing the overall volume of this crypto asset accounted for $1.328B, which amounts to nearly 4.28% of the total volume of all digital coins. For the last seven days, this digital currency has fluctuated in a band $40.7214-$47.9127.
It has been already noted that at its current price, the given digital coin is still down about 88.59% from its all-time maximum of $420.00 recorded in December, 2017.
As for other digital coins, on the Investing.com Index, the number one crypto asset, Bitcoin was worth $3,874.1, ascending by up to 6.58% on the day.
As for the second digital coin by market capitalization, Ethereum, on the Investing.com, it concluded the trading session at $147.12, demonstrating a 13.70% jump.
Bitcoin's market capitalization last amounted to $68.310B that stands for about 51.74% of the entire crypto market capitalization. In addition to this, Ethereum's market capitalization demonstrated nearly $15.455B, which is the equivalent of about 11.71% of the overall crypto market value.
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The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.