Litecoin is currently on bearish momentum. At 21:05 EST on Thursday, 7 January, Litecoin is at $165.65 and down by 5.09% in the last 6 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $174.08 and the lower value was $165.65.
Over the last twelve hours, Litecoin’s higher value was $178.65 and the lower value was $165.65.
Concerning Litecoin’s daily highs and lows, it’s 0.981% up from its trailing 24-hour low of $164.04 and 7.277% down from its trailing 24-hour high of $178.65.
Regarding Litecoin’s yearly highs and lows, it’s 547.829% up from its 52-week low and 4.265% 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.
News about Bitcoin
JPMorgan sees $146,000-plus Bitcoin price as long-term target. According to Bloomberg Quint on Tuesday, 5 January, “A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term,” the strategists wrote Monday. “, “However, “a convergence in volatilities between Bitcoin and gold is unlikely to happen quickly and is in our mind a multiyear process. “
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, “Strategists at JPMorgan Chase & Co. made a similar projection this week, arguing that Bitcoin has the potential to reach $146,000 in the long term as it competes with gold as an asset class.”, “SkyBridge Capital’s Anthony Scaramucci is the latest Wall Street maven to get on the Bitcoin bandwagon, launching a crypto-centric fund this week and predicting the digital asset could be poised for massive gains.”
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, “Galaxy Digital Holdings (TSE:GLXY”) – Canadian entity that purchased $134m worth of Bitcoin on 30th June 2020, equivalent of 16,651 BTC.”, “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.”
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.”, “He has been a fan of Bitcoin since 2014, saying back then that he owned the coin through his personal investments.”
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. “, “If more companies swap cash for crypto, “the current relative trickle into Bitcoin would become a torrent,” he added.”
Jump in active Bitcoin accounts nears high set before 2018 crash. According to Bloomberg Quint on Wednesday, 6 January, “With Bitcoin surging again to all-time highs, many of these anonymous accounts look to be waking up.”, “The number of active Bitcoin accounts is approaching the all-time peak reached just before the notorious volatile cryptocurrency crashed three years ago.”
Crypto market value tops $1 trillion as Bitcoin breaches $37,000. According to Bloomberg Quint on Thursday, 7 January, “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. “, “Some traders pointed to JPMorgan Chase & Co.’s long-term Bitcoin price forecast of $146,000 as possibly fueling the rally. “
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.”
Equos launches Bitcoin perpetual futures contracts. According to Business Insider on Thursday, 7 January, “EQUOS, the cryptocurrency exchange of Diginex Limited (Nasdaq: EQOS), the digital assets financial services company, announced today that it has launched its Bitcoin (BTC) Perpetual Futures Contract (BTC/USDC(F)).”
Broker touts exotic Bitcoin bet to squeeze income from crypto. According to Bloomberg Quint on Thursday, 7 January, “And if Bitcoin crashes again — as it did three years ago — investors would lose, but less than they would by trading Bitcoin directly.”, “The reason to own Bitcoin is because things like this can always go up a lot more than they can go down,” QVR’s Eifert said. “
Day-trader heaven arrives as Tesla, Bitcoin and stock options surge. According to Bloomberg Quint on Thursday, 7 January, “The poster child for market exuberance — Bitcoin — has doubled in value in less than a month, with its advance swelling the total market value of cryptocurrencies beyond $1 trillion. “, “Stocks rallied with about 70% of the companies in the S&P 500 gaining, while Bitcoin cracked a record high above $40,000 and options activity soared.”
Grayscale holds over 3% of Bitcoin, sees pension-fund interest. According to Bloomberg Quint on Thursday, 7 January, “Grayscale Bitcoin Trust’s success may potentially be impacting Bitcoin’s supply, Sonnenshein said.”, “Grayscale’s funds operate as trusts that hold growing hoards of coins such as Bitcoin that are not redeemable by investors. “