Litecoin market cap crashes as triggered by the bearish movement of the crypto market. Litecoin’s market cap was down by more than 30% compared to its performance in the first week of May wherein the digital asset was in top shape. Litecoin market valuation closed the previous month at $4.82 billion; a disappointing number to say the least.
LTC was one of the cryptocurrencies that felt the blow on the eve of the crypto crash in May. The coin was down by 11.04% on Monday, dubbed the token’s most significant percentage loss by far.
Its market cap spiraled down to $3.012 billion. For comparison, note that the LTC’s highest market cap by far is at $25.609 billion.
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