Litecoin is currently on bearish momentum. At 09:03 EST on Wednesday, 30 December, Litecoin is at $124.47 and down by 6.17% in the last 12 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $126.68 and the lower value was $124.47.
Over the last twelve hours, Litecoin’s higher value was $132.15 and the lower value was $124.47.
In relation to Litecoin’s daily highs and lows, it’s 1.625% up from its trailing 24-hour low of $122.48 and 5.812% down from its trailing 24-hour high of $132.15.
In relation to Litecoin’s yearly highs and lows, it’s 386.781% up from its 52-week low and 10.013% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was a negative 0.78%, a positive 1.91%, and a positive 1.71%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 7.77%, 12.38%, and 10.96%, respectively.
News about Bitcoin
Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sunday, 27 December, “”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. “, “Having coin flowing from the Nordic region helps reduce the political risk profile of Bitcoin.”
Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sunday, 27 December, “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. “, “Janet Yellen, who’s been nominated to serve as Treasury secretary in Biden’s administration, has in recent years cautioned investors over Bitcoin, saying it was a “highly speculative asset” and “not a stable store of value.” A representative didn’t immediately return a request seeking comment.”
Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Monday, 28 December, “Ayyar said investors are shifting to Bitcoin and other digital coins in the wake of the XRP development.”, “Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above $28,000 over the weekend.”
Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Monday, 28 December, “Read more: Bitcoin Crushes Doubters as 224% Rally Proves It’s Here to Stay”, “Edward Moya, senior market analyst at Oanda, says demand for Bitcoin is “relentless.””
Bitcoin mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Monday, 28 December, “Shares of bitcoin mining companies Riot Blockchain and Marathon Patent Group soared on Monday morning following bitcoin’s record holiday weekend rally. “, “In recent days bitcoin mining companies have announced major purchases of new equipment.”
Bitcoin rally likely to peak out in coming weeks, says technical analyst. According to Business Insider on Tuesday, 29 December, “Bitcoin(BTC) rally seems headed for abreather in early January, as per Newton Advisors President Mark Newton.”, “At press-time Bitcoin traded 1.26% lower at $26,845.73 and Ethereum traded 1.06% higher at $715.97.”
Bitcoin looks to gain traction in payments. According to The Wall Street Journal on Tuesday, 29 December, “Companies like Robinhood Markets Inc. and PayPal Holdings Inc. allowed their customers to buy and sell bitcoin.”, “Vegas Auto Gallery, a luxury auto dealership in Las Vegas, has become a playground for wealthy bitcoin investors who want to cash in.”
Bitcoin hits new record, set for biggest monthly gain since 2019. According to Bloomberg Quint on Wednesday, 30 December, “Bitcoin, the world’s largest cryptocurrency, is on track to close out a banner year with another bang.”, “Bitcoin rose as much as 6.2% to $28,572.10 in Asia trading and is on track for its biggest monthly gain since May 2019.”
South African Bitcoin trader under liquidation, business day says. According to Bloomberg Quint on Wednesday, 30 December, “A provisional liquidation order has been granted against a South African Bitcoin trading company that is said to have received about 9.45 billion rand ($644 million) from as many as 280,000 investors, Business Day reported.”