This was the largest drop in the cryptocurrency's price since January 31st.

The decline was also driven by Litecoin's market capitalization, which fell to $4.60B, or 0.17% of the total cryptocurrency market capitalization. At its peak, Litecoin's market capitalization was $25.61B.

Over the past 24 hours, Litecoin has traded in a range of $57.52 to $65.46.

Over the past seven days, Litecoin has seen its price fall, losing 11.51%. Litecoin's trading volume in the last 24 hours prior to the publication of this material was $649.48 million, or 0.46% of the total volume of all cryptocurrencies. Its price has fluctuated between $57.5214 and $70.3047 over the past seven days.

Litecoin has currently fallen from its high of [unclear text].

Meanwhile, other cryptocurrencies

Bitcoin last traded at $78,590.00, according to the Investing.com Index, down 4.65% on the day.

Ethereum traded at $2,378.70, according to the Investing.com Index, down 11.40%.

Bitcoin's market capitalization is $1,598.78B or 59.35% of the total cryptocurrency capitalization, while Ethereum's market capitalization is $298.41B or 11.08% of the total crypto market capitalization.