Litecoin is currently on bearish momentum. At 18:05 EST on Sunday, 27 December, Litecoin is at $127.97 and down by 2.5% in the last 6 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $132.10 and the lower value was $125.48.
Over the last twelve hours, Litecoin’s higher value was $136.71 and the lower value was $125.48.
In relation to Litecoin’s daily highs and lows, it’s 1.984% up from its trailing 24-hour low of $125.48 and 6.393% down from its trailing 24-hour high of $136.71.
Concerning Litecoin’s yearly highs and lows, it’s 400.469% up from its 52-week low and 7.416% down from its 52-week high.
Volatility
Litecoin’s last day and last week average volatility is a positive 1.95% and a positive 9.05%, respectively. Litecoin’s high and low amplitude percentage in the last week was 14.94%.
News about Bitcoin
michael saylor, the CEO who turned a software company into a Bitcoin company. According to Bloomberg Quint on Thu Dec 24, “This past summer, the business intelligence software company MicroStrategy made waves when it put some of its extra cash into Bitcoin. “, “Then, as Bitcoin ran up, it bought more, and the stock has now soared thanks to the bet. “
Bitcoin rally has already outlasted 2017 run. According to The Wall Street Journal on Thu Dec 24, “Bitcoin bulls say the money fueling this year’s rally is coming from more reliable sources than past rallies. “
Bitcoin crushes doubters as 224% rally proves it’s here to stay. According to Bloomberg Quint on Thu Dec 24, “Like Monty Python’s Black Knight, Bitcoin believers treat near-fatal volatility as mere flesh wounds. “, “Since Bitcoin’s market capitalization reached $1 billion in March 2013, there have been two cycles of spikes to record highs, followed by drawdowns of more than 80%. “
Luxxfolio to acquire 590 Bitcoin miners. According to Business Insider on Thu Dec 24,
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 is soaring once again, hitting a new record price of $24,661 on Friday, with investors declaring “Happy Bitmas,” on social media.”, “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. “, “”We have seen a notable up-tick in investor appetite for Bitcoin mining opportunities in Norway,” said Tyler Page, a business developer at Bitfury. “
Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, “Clayton’s exit from the regulator is welcome news for crypto fans who saw him take a hard line over the years, suing to halt initial coin offerings, rejecting applications for Bitcoin exchange-traded funds and launching a last-minute lawsuit against Ripple Labs Inc. Gensler, who served as a Commodity Futures Trading Commission chairman during the Obama administration, is a senior advisor to the MIT Media Lab Digital Currency Initiative and teaches about blockchain technology and digital currencies.”, “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. “