Litecoin is currently on bearish momentum. At 06:03 EST on Thursday, 7 January, Litecoin is at $164.04 and down by 4.08% in the last 6 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $170.74 and the lower value was $164.04.
Over the last twelve hours, Litecoin’s higher value was $171.06 and the lower value was $164.04.
In relation to Litecoin’s daily highs and lows, it’s 0.379% up from its trailing 24-hour low of $163.42 and 4.104% down from its trailing 24-hour high of $171.06.
Regarding Litecoin’s yearly highs and lows, it’s 541.533% up from its 52-week low and 5.196% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was 6.58%, 4.06%, and 2.49%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 9.14%, 12.59%, and 11.68%, respectively.
Last news about Litecoin
According to FX Empire on Monday, 4 January, “Cardano’s ADA (+16.3%), Chainlink (+12.18%), and Litecoin (+17.8%) also impressed on the day.”, “Binance Coin (+23.0%), Cardano’s ADA (+33.7%), Chainlink (+12.9%), and Litecoin (+26.5%) also made solid gains.”
News about Bitcoin
Ether follows Bitcoin to record high amid dizzying crypto rally. According to Bloomberg Quint on Monday, 4 January, “The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues.”, “Proponents of Bitcoin argue that it’s muscling in on gold as a hedge against U.S. dollar weakness and inflation risk, citing evidence of growing interest among institutional investors. “
Bitcoin falls most since March as volatility grips trading. According to Bloomberg Quint on Monday, 4 January, “Still, Bitcoin is up more than 300% over the past year, driven by a speculative fever from retail and institutional investors on the belief that cryptocurrencies are emerging as a mainstream asset class and can act as a store of value.”, “Believers in Bitcoin have pointed to the market’s supply constraints and supposedly rampant money printing by central banks as key drivers of bullish narrative. “
JPMorgan sees $146,000-plus Bitcoin price as long-term target. According to Bloomberg Quint on Tuesday, 5 January, “However, “a convergence in volatilities between Bitcoin and gold is unlikely to happen quickly and is in our mind a multiyear process. “, “A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term,” the strategists wrote Monday. “
According to CNBC on Tuesday, 5 January, “Many institutional investors are using investment vehicles like Grayscale’s Bitcoin Trust as a means of buying into bitcoin. “, “According to JPMorgan, more than $3 billion has flowed into the Grayscale Bitcoin Trust since mid-October while gold ETFs have bled $7 billion.”
Coindesk buys tradeblock, joining rush for Bitcoin analytics. According to The Wall Street Journal on Tuesday, 5 January, “Its most notable product is a bitcoin price index called the XBX that is used as the reference rate, or benchmark price, for investment funds such as the Grayscale Bitcoin Trust .”
Bitcoin could soon be worth $146,000. here’s how it would get there. According to MarketWatch on Tuesday, 5 January, “JPMorgan says that by one measure, bitcoincurrently consumes 3.4 times more risk capital than gold and over 5 times more, if comparing the Grayscale Bitcoin Trust versus the SPDR Gold Shares , the largest gold ETF by asset.”
Gamblers could use Bitcoin at slot machines with new patent. According to Bloomberg Quint on Tuesday, 5 January, “That means players could move Bitcoin into their virtual wallets on a slot machine using their phones.”, “While Bitcoin isn’t widely used in transactions, some users have been known to buy expensive cars, houses and boats with the cryptocurrency. “
Scaramucci sees massive gains for Bitcoin in comparison to gold. According to Bloomberg Quint on Tuesday, 5 January, “SkyBridge announced a Bitcoin fund for affluent investors, with the SkyBridge Bitcoin Fund LP debuting Monday. “, “The environment became more compelling, it was easier to store, better regulation — we are a very big believer that Bitcoin is effectively going to become digital gold.”
According to Business Insider on Tuesday, 5 January, “While a few options exist, like the aforementioned Grayscale Bitcoin Trust, bitcoin ETFs remain scarce: In the US, the SEC has refused (as of early 2021) to allow them, due to the difficulty of accurately assessing the currency’s value and liquidity.”
Bitcoin tops $35,000 to set another record as wild swings resume. According to Bloomberg Quint on Wednesday, 6 January, “More institutions and noted investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds into Bitcoin or have said they’re open to doing so.”
Bitcoin – the surge, the outlook, and the beneficiaries. According to FX Empire on Wednesday, 6 January, “The good news, for the companies discussed above, however, is that Bitcoin would need to take quite a hit to give them a Bitcoin loss.”, “According to Bitcoin Treasuries, a large number of public trading companies have benefited from holding Bitcoin.”
Fintech startups like revolut and luno are seeing a boom in demand from consumers rushing to invest in cryptocurrencies amid major Bitcoin interest. According to Business Insider on Wednesday, 6 January, “Revolut says the average age of a user buying cryptocurrencies on its platform is 33, while eToro says Bitcoin owners are 35 on average, and Ethereum buyers are 33.”
Bill miller says corporate cash could fuel a Bitcoin ‘torrent’. According to Bloomberg Quint on Wednesday, 6 January, “If inflation picks up, or even if it doesn’t, and more companies decide to diversify some small portion of their cash balances into Bitcoin instead of cash, then the current relative trickle into Bitcoin would become a torrent,” Miller of Miller Value Partners LLC wrote in a blog post published Jan. 5.”, “The price of Bitcoin hit a record high on Wednesday, crossing above $35,000 for the first time. “
Veteran investor bill miller flips warren buffett’s Bitcoin snub to argue crypto beats cash. According to Business Insider on Wednesday, 6 January, “The Miller Value Partners boss and former Legg Mason investment chief pointed out that Bitcoin has outperformed all major asset classes in recent years. “, “The pressure on the greenback has spurred the likes of Square and MicroStrategy to shift some of their cash into Bitcoin to lessen the impact of depreciation, he said.”
Jump in active Bitcoin accounts nears high set before 2018 crash. According to Bloomberg Quint on Wednesday, 6 January, “Less than 2% of accounts control 95% of all available Bitcoin supply, according to Flipside.”, “About 82% of all Bitcoin supply was held in accounts that have been active in the last six months as of Jan. 4, according to researcher Flipside Crypto. “
Crypto market value tops $1 trillion as Bitcoin breaches $37,000. According to Bloomberg Quint on Thursday, 7 January, “The total market value of cryptocurrencies surpassed $1 trillion for the first time Thursday amid a frenzied and volatile rally in Bitcoin to yet another record.”, “Active Bitcoin accounts are nearing their all-time high levels of late 2017, according to researcher Flipside Crypto — possibly a sign that some holders are planning to sell. “
Bitcoin rally draws first-time buyers in India but also fraudsters. According to Bloomberg Quint on Thursday, 7 January, “Globally too, calls from large investment houses has given credence to the view that Bitcoin may be seen as an alternative to gold. “, “A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term,” the investment bank said in its latest report.”