Late Wednesday night (GMT 03:02), the price of Litecoin (LTC) surged to $131.36, with a daily increase of 10.02%, marking the largest single-day gain since July 19!

This rally brought Litecoin's market capitalization to $9.98 billion, accounting for about 0.25% of the entire cryptocurrency market. Although it is still a bit away from the historical peak of $25.61 billion, the upward momentum is quite strong.

In the past 24 hours, LTC fluctuated between $128.71 and $131.46, with a trading volume of up to $1.43 billion, representing 0.67% of the total market trading volume.

Interestingly, in the past 7 days, LTC has accumulated a gain of 10.65%, with a price range between $117.48 and $131.88, steadily climbing, as if it had been building up energy before suddenly exploding.

However, a reminder for everyone — even though the price has warmed up now, Litecoin is still a substantial 68.72% away from its historical high of $420 in December 2017. This means that if history repeats itself, there is still considerable room for growth.