Litecoin (LTC) suffered a sharp decline in price on Friday, dropping over 10% in a single day. This marks the largest daily loss for the coin since April 6, 2025. The drop comes amid a broader selloff in the cryptocurrency market, with major coins like Bitcoin and Ethereum also experiencing notable losses.

As of 06:32 on June 13, 2025, Litecoin was trading at $82.41, down 10.02% for the day, according to Investing.com data. The sharp fall pushed the coin’s market capitalization down to approximately $6.31 billion. This means Litecoin now accounts for about 0.19% of the entire crypto market’s value.

Litecoin’s Weekly Performance Shows Weak Momentum

While the one-day drop is significant, Litecoin’s performance over the past week has also been underwhelming. Over the last seven days, Litecoin has only moved by around 1.55%, indicating a period of price stagnation before the current decline.

In terms of trading activity, about $445 million worth of Litecoin changed hands in the past 24 hours. This volume represents 0.31% of all cryptocurrency trading volume within the same period. The coin traded in a relatively narrow range between $82.41 and $86.17 over the past day, highlighting the suddenness of Friday’s plunge.

Looking at the bigger picture, Litecoin is still far below its all-time high of $420, which was recorded on December 12, 2017. The current price marks an 80% drop from that peak, reflecting how far the coin has fallen from its glory days.

Broader Market Trends Also Negative

Litecoin isn’t the only digital asset facing downward pressure. Bitcoin, the largest cryptocurrency by market cap, was trading at $103,383.4—down 4.73% for the day. Meanwhile, Ethereum fell even more sharply, losing 9.52% to trade at $2,511.38.

Bitcoin’s market cap is now around $2.06 trillion, representing nearly 64% of the total cryptocurrency market. Ethereum holds roughly 9.4% of the total market cap, with a valuation of $305.75 billion.

This simultaneous drop across multiple major cryptocurrencies suggests a broader risk-off sentiment among investors. Market participants may be reacting to a mix of global macroeconomic concerns, regulatory developments, or simple profit-taking after recent rallies.

What’s Driving the Selloff?

Several factors could be influencing the current downturn. Although no single reason has been confirmed, analysts suggest a mix of profit-taking, rising interest rates, and uncertainty in global markets may be contributing to the pressure. In recent weeks, cryptocurrencies had shown some resilience, but Friday’s selloff might be a sign of renewed caution.

Litecoin’s losses are especially notable given its relatively lower trading volume and market dominance. When investor confidence dips, altcoins like Litecoin often experience larger percentage moves compared to Bitcoin or Ethereum.

Litecoin’s Long-Term Outlook Remains Uncertain

Despite its recent decline, Litecoin continues to be a widely-used cryptocurrency with strong historical significance. Known for its fast transaction times and low fees, Litecoin was once seen as the “silver to Bitcoin’s gold.”

However, in recent years, the coin has struggled to maintain its position among the top-performing cryptocurrencies. Newer blockchain networks and projects offering smart contract features and decentralized finance (DeFi) capabilities have overshadowed Litecoin’s simple peer-to-peer payment function.

Still, Litecoin maintains a loyal community and remains listed on most major exchanges. Developers have also introduced upgrades in recent years, such as MimbleWimble for improved privacy. These efforts may help the coin retain some utility and relevance in the long term.

Conclusion

Friday’s 10% drop in Litecoin’s price is a reminder of the volatility that still defines the crypto market in 2025. While the broader market is experiencing losses, Litecoin’s deeper decline could indicate additional investor caution around mid-cap altcoins.

With the crypto market still reacting to a mix of economic signals and investor sentiment, traders are keeping a close eye on support levels and trading volume. For Litecoin, reclaiming stability above the $85 mark may be an important step in restoring confidence.

As always in crypto, the landscape can shift quickly. For now, though, Litecoin holders are bracing for more potential turbulence ahead.