Litecoin Plummets 14% as Market Cap Drops Below $5 Billion

Litecoin (LTC) experienced a dramatic drop of over 15%, falling below the crucial $70 mark to trade at $67.02. This significant decline, coupled with a market cap decrease of 14.55% down to $5.06 billion, signals a turbulent period for the cryptocurrency. Despite this downturn, trading volume soared by an impressive 301.99%, reaching a staggering $1.13 billion, suggesting heightened volatility and increased market activity. While a temporary rally was observed briefly, exceeding $69.50 before plummeting back to pre-drop levels, Litecoin remains vulnerable to further market fluctuations.