Litecoin is currently on bearish momentum. At 02:09 EST on Monday, 28 December, Litecoin is at $129.20 and down by 0.33% in the last 6 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $129.72 and the lower value was $127.71.
Over the last twelve hours, Litecoin’s higher value was $132.10 and the lower value was $125.48.
Regarding Litecoin’s daily highs and lows, it’s 2.965% up from its trailing 24-hour low of $125.48 and 5.493% down from its trailing 24-hour high of $136.71.
Regarding Litecoin’s yearly highs and lows, it’s 405.28% up from its 52-week low and 6.593% down from its 52-week high.
Volatility
Litecoin’s last day and last week average volatility is a negative 1.52% and a positive 7.70%, respectively. Litecoin’s high and low amplitude percentage in the last week was 14.35%.
News about Bitcoin
Bitcoin surges to fresh record high and looks set to break the $25,000 level: ‘merry bitmas’. According to Business Insider on Fri Dec 25, “Bitcoin has a current market cap of about $350 billion, while that of gold’s stands at roughly $10 trillion.”, “Known as the leading cryptocurrency, Bitcoin has been a surprise success during the pandemic, quickly becoming a competitor to gold in some portfolios.”
Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, “”There is a very important strategic shift away from mining in China to mining in western countries like Sweden as Bitcoin investors become more public and want more stability and critical safety,” said Salter at Genesis. “, “”It is one of the biggest developments in Bitcoin mining to look out for.””
Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, “While none of those reasons for buying Bitcoin comport with its origins as an alternative to fiat currencies, they do point to a growing acceptance of crypto as an asset class of its own. “, “”What’s happening now — and it’s happening faster than anyone could ever imagine — is that Bitcoin is moving from a fringe esoteric asset to the mainstream,” said Matt Hougan, chief investment officer of Bitwise Asset Management. “
Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Mon Dec 28, “Read more: Bitcoin Crushes Doubters as 224% Rally Proves It’s Here to Stay”, “Others question Bitcoin’s validity as an investment and point to the digital currency’s history of wild rallies followed by crashes.”