Litecoin LTC faced a sharp downturn on Sunday, falling by 10.05% to reach $74.18 by 14:19 GMT. This decline marks its largest one-day loss since April 6. As reported by Investing.com, Litecoin’s market capitalization now stands at $5.77 billion, constituting merely 0.22% of the total cryptocurrency market value. This considerable drop reflects the broader trend of market sell-offs that have impacted multiple cryptocurrencies. Investors are left to ponder whether this represents a temporary setback or a sign of deeper issues within the market. Close monitoring of Litecoin’s performance in the coming days will be crucial for understanding its long-term potential and positioning it strategically for future investments.