LTC (Litecoin) increased by 5.44% in the last 24 hours

Gate News Bot message, November 10th, according to CoinMarketCap data, as of press time, LTC (Litecoin) is trading at $110.39, up 5.44% in the past 24 hours, reaching a high of $113.24 and a low of $80.10. The 24-hour trading volume is $1.891 billion. The current market capitalization is approximately $8.445 billion, an increase of $436 million from yesterday. LTC is currently ranked 18th in the global cryptocurrency market cap.

Recent important news about LTC:

1️⃣ KuPool Strengthens LTC Mining Pool Business KuPool recently appointed Xiao Dong Qiu as Chief Operating Officer to promote growth in mining pools for mainstream coins such as LTC and DOGE. Xiao Dong Qiu has extensive industry knowledge and mining pool operation experience. His addition is expected to enhance the earnings experience and competitive advantage for global miners. Currently, KuPool’s LTC/DOGE mining rankings remain stable at fourth place worldwide, with total pool hash rate continuously increasing. This personnel change further demonstrates KuPool’s leading position in the hash rate field.

2️⃣ LTC Price Surges Significantly LTC’s price has risen sharply over the past few days. From $88.97 on November 7th to $110.39 on November 10th, an increase of 24.07%. This strong rebound may reflect a positive shift in market sentiment and optimism about LTC’s short-term prospects.

3️⃣ Trading Volume and Market Cap Increase Dramatically LTC’s 24-hour trading volume surged from $560 million on November 7th to $1.891 billion on November 10th, an increase of over 237%. Meanwhile, market cap grew from $6.805 billion to $8.445 billion, an increase of $1.64 billion. This active trading and market cap growth indicate that market interest and demand for LTC are rapidly rising.

From a technical perspective, LTC’s price has broken through the previous consolidation range of $80-$100, showing strong upward momentum. Fundamentally, the development of mining pool business may support the security and decentralization of the LTC network, potentially having a positive long-term impact on the LTC ecosystem. However, such rapid price increases may also carry short-term correction risks, and investors should remain cautious.

This message is not investment advice; please be aware of market volatility risks.