LTC Token Faces 3.81% Price Drop Amid 22.9% Trading Volume Decline and Institutional Moves

Litecoin (LTCUSDT) experienced a notable 24-hour price decline of 3.81%, falling from 53.30 to 51.27 on Binance, driven by decreased trading volume and broader market weakness. The downturn is attributed to reduced market activity, as reflected in a 22.90% drop in overall trading volume and a continued negative trend over the past week, despite elevated network usage shown by 181,478 transactions and 312,934 active addresses. Increased institutional activity, such as Luxxfolio Holdings expanding its LTC holdings and starting new mining operations, has not offset bearish sentiment and ongoing technical volatility; price movements remain sensitive to key support zones around $52.50–$53.00. Currently, Litecoin trades at 51.27 with a 24-hour Binance volume of $15,414,101 and a circulating supply of about 77 million LTC, ranking among the top 25 cryptocurrencies.