{"id":489192,"date":"2022-04-28T21:00:58","date_gmt":"2022-04-28T21:00:58","guid":{"rendered":"https:\/\/wncen.com\/?p=489192"},"modified":"2022-04-28T17:31:25","modified_gmt":"2022-04-28T17:31:25","slug":"litecoin-drops-87-trading-volume-in-q1-2022","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin\/litecoin-drops-87-trading-volume-in-q1-2022\/","title":{"rendered":"Litecoin Drops 87% Trading Volume In Q1 2022"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The interest in cryptocurrencies continues to wane in 2022, as does Litecoin&#8217;s popularity. <\/span><span style=\"font-weight: 400\">The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">For example, the trading volume from January to March 2022 was around $82 billion, 87% less than in Q1 2021. In the first quarter of\u00a0 2021, the trading volume was\u00a0 $674.9 billion. Litecoin (LTC) trading volume crashed by more than $590 billion in quarterly comparison.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/apecoin-ape-is-now-the-biggest-metaverse-token\/\">ApeCoin (APE) Is Now The Biggest Metaverse Token, Edging AXS, MANA, SAND<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">The sharp decline in Litecoin&#8217;s value results from the negative crypto market sentiment. The price dropped 70% from its highest point, $412, attained back in May 2021.<\/span><\/p>\n<figure id=\"attachment_489193\" aria-describedby=\"caption-attachment-489193\" style=\"width: 598px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-489193\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/LTCUSD_2022-04-28_21-28-08.png?resize=598%2C351\" alt=\"LTC Price chart\" width=\"598\" height=\"351\"><figcaption id=\"caption-attachment-489193\" class=\"wp-caption-text\">LTC started the day in green with a 1.72 increase, currently trading at $102.37 | Source: LTC\/USD price chart from <a href=\"https:\/\/www.tradingview.com\" rel=\"nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The most popular stablecoin pair for Litecoin\u2019s native LTC was the United State Dollar Tether (USDT) in the first quarter of 2022.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Litecoin Month Wise Comparison Of Trading Volume<\/span><\/h2>\n<p><span style=\"font-weight: 400\">January 2021 was the month of Litecoin, with a trading volume of\u00a0 $284.52 billion. LTC hit a single-day high of $17.99 billion. But in January 2022, LTC trading volume dropped by 89%. The coin\u2019s approximately trading volume was $31.48 billion, with a single-day high of $2.09 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Similarly, February 2021 also performed well. The trading volume of Litecoin reached around $257.49 billion, with a single-day high of $16.57 billion. However, in February 2022, the coin performance dropped by 90% compared to Feb 2021. As a result, the single-day high of Feb 2022 was $1.68 billion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Litecoin saw a decline in trading volume in March 2021 compared to January and February 2021. The total trading volume for March was $132.91 billion, with a single-day high of $8.08 billion. LTC trading volume was $24.98 for March 2022 with a single-day high of $1.35 billion, 81% less than March 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On January 1, 2022, Litecoin opened at $146.54. On January 2, the coin reached its quarterly high of $152.94. The closing of the first quarter was $123.72. Overall a 15% decrease in Litecoin\u2019s opening and closing price in Q1 2022.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-plummets-as-investors-doubts-after-musk-twitter-takeover-unfold\/\">Dogecoin Plummets As Investors\u2019 Doubts After Musk Twitter Takeover Unfold<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">For comparison purposes, on January 1, 2021, Litecoin opened at $124.67 per coin. On Feb 20, LTC reached its quarterly high of $245.96. The closing of the first quarter of 2021 was at $197.5. Litecoin performed well during the first quarter with a 58% spike.\u00a0<\/span><\/p>\n<h2>LTC $100 Support Is Under Attack<\/h2>\n<p>Litecoin has been trading down for most of the past year. In November, LTC was below $300 after it couldn&#8217;t stay above that level. The coin has been testing the $100 level since January. However, the overall sentiment in the crypto market is still bearish. This cryptocurrency has been making lower highs, which is a bad sign, but the $100 support zone is still holding.<\/p>\n<p>There was a spike in activity in wallets holding more than $100k a week ago. That didn&#8217;t cause the price of Litecoin to go up, though. Instead, it stayed bearish and kept going down. Yesterday, the sellers failed to break below the $100 support level. That was a good sign. But today, the pressure is still bearish, so the digital asset might see a breakout to the downside.<\/p>\n<pre>                 Featured image from Pixabay and chart from Tradingview.com<\/pre>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The interest in cryptocurrencies continues to wane in 2022, as does Litecoin&#8217;s popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021.\u00a0 For example, the trading volume from January to March 2022 was around $82 billion, 87% less than in Q1 2021. In the first quarter of\u00a0 2021, the trading volume was\u00a0 $674.9 billion. Litecoin (LTC) trading volume crashed by more than $590 billion in quarterly comparison. Related Reading | ApeCoin (APE) Is Now The Biggest Metaverse Token, Edging AXS, MANA, SAND The sharp decline in Litecoin&#8217;s value results from the negative crypto market sentiment. The price dropped 70% from its highest point, $412, attained back in May 2021. The most popular stablecoin pair for Litecoin\u2019s native LTC was the United State Dollar Tether (USDT) in the first quarter of 2022. Litecoin Month Wise Comparison Of Trading Volume January 2021 was the month of Litecoin, with a trading volume of\u00a0 $284.52 billion. LTC hit a single-day high of $17.99 billion. But in January 2022, LTC trading volume dropped by 89%. The coin\u2019s approximately trading volume was $31.48 billion, with a single-day high of $2.09 billion. Similarly, February 2021 also performed well. The trading volume of Litecoin reached around $257.49 billion, with a single-day high of $16.57 billion. However, in February 2022, the coin performance dropped by 90% compared to Feb 2021. As a result, the single-day high of Feb 2022 was $1.68 billion.\u00a0 Litecoin saw a decline in trading volume in March 2021 compared to January and February 2021. The total trading volume for March was $132.91 billion, with a single-day high of $8.08 billion. LTC trading volume was $24.98 for March 2022 with a single-day high of $1.35 billion, 81% less than March 2021. On January 1, 2022, Litecoin opened at $146.54. On January 2, the coin reached its quarterly high of $152.94. The closing of the first quarter was $123.72. Overall a 15% decrease in Litecoin\u2019s opening and closing price in Q1 2022. Related Reading | Dogecoin Plummets As Investors\u2019 Doubts After Musk Twitter Takeover Unfold For comparison purposes, on January 1, 2021, Litecoin opened at $124.67 per coin. On Feb 20, LTC reached its quarterly high of $245.96. The closing of the first quarter of 2021 was at $197.5. Litecoin performed well during the first quarter with a 58% spike.\u00a0 LTC $100 Support Is Under Attack Litecoin has been trading down for most of the past year. In November, LTC was below $300 after it couldn&#8217;t stay above that level. The coin has been testing the $100 level since January. However, the overall sentiment in the crypto market is still bearish. This cryptocurrency has been making lower highs, which is a bad sign, but the $100 support zone is still holding. There was a spike in activity in wallets holding more than $100k a week ago. That didn&#8217;t cause the price of Litecoin to go up, though. Instead, it stayed bearish and kept going down. Yesterday, the sellers failed to break below the $100 support level. That was a good sign. But today, the pressure is still bearish, so the digital asset might see a breakout to the downside. Featured image from Pixabay and chart from Tradingview.com &nbsp;<\/p>\n","protected":false},"author":561,"featured_media":489195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16897],"tags":[343,1558,10,2828,4195],"class_list":["post-489192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-bearish-market","tag-cryptocurrency","tag-litecoin","tag-ltc","tag-trading-volume"],"acf":[],"yoast_head":"\n<title>Litecoin Drops 87% Trading Volume In Q1 2022<\/title>\n<meta name=\"description\" content=\"The trading volume of Litecoin was eight times (87%) lower in the first quarter of 2022 than it was in the first quarter of 2021.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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