Litecoin is currently on bearish momentum. At 17:03 EST on Wednesday, 20 January, Litecoin is at $146.78 and down by 8.17% in the last 24 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $146.94 and the lower value was $145.70.
Over the last twelve hours, Litecoin’s higher value was $146.94 and the lower value was $141.02.
In relation to Litecoin’s daily highs and lows, it’s 4.085% up from its trailing 24-hour low of $141.02 and 7.552% down from its trailing 24-hour high of $158.77.
In relation to Litecoin’s yearly highs and lows, it’s 474.032% up from its 52-week low and 20.993% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was 0.89%, 2.19%, and 0.94%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 10.25%, 11.40%, and 13.65%, respectively.
News about Bitcoin
Bitcoin retreats from $40,000 level strategists view as key. According to Bloomberg Quint on Monday, 18 January, “The flow into the Grayscale Bitcoin Trust would likely need to sustain its $100 million per day pace over the coming days and weeks for such a breakout to occur,” the strategists wrote in a note on Friday.”, “The JPMorgan strategists said Bitcoin was in a similar position in late November, except with $20,000 as the test. “
A record $3.7 billion in Bitcoin options are set to expire on January 29 as interest in cryptocurrencies surges. According to Business Insider on Monday, 18 January, “Analysts at JPMorgan last week said Bitcoin may need to break past $40,000 mark again in the near future if the price is to rise further. “, “Options contracts worth around 101,000 Bitcoin – or $3.7 billion at Monday’s prices – are to to expire on January 29, bybt.com’s data showed, although not every option will result in a trade. “
Coinshares is starting an exchange-traded Bitcoin product. According to Bloomberg Quint on Monday, 18 January, “It launched a regulated Bitcoin investment vehicle in 2015, when the coin traded around $400.”, “CoinShares, a St. Helier, Jersey-based asset manager, is launching an exchange-traded Bitcoin product amid a fierce rally for the world’s largest digital currency.”
JPMorgan sees Bitcoin crossing $40k again in coming weeks, if this key condition is met. According to Business Insider on Tuesday, 19 January, “Read Next: Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine”, “Why It Matters: Bitcoin hit an all-time high of $41,962.36 earlier this month in a rally that left even some ardent supporters dizzy.”
Bitcoin profit review : comprehensive sign up guide for Bitcoin profit app. According to Business Insider on Tuesday, 19 January, “Once deposited money is in Bitcoin Profit account, traders can start making a profit daily with the chance to reinvest that money to keep increasing profit. “, “MUST SEE: “Shocking New Bitcoin Billionaire Report – This May Change Mind”.”
Bofa clients with $561 billion say Bitcoin is most crowded trade. According to Bloomberg Quint on Tuesday, 19 January, “For the first time since 2017, Bank of America Corp. clients with $561 billion combined say Bitcoin is the world’s most crowded trade as speculative euphoria hits Wall Street.”
A $3 billion digital-asset investing trailblazer just launched an exchange-traded Bitcoin product in the midst of the cryptocurrency’s wild rally. According to Business Insider on Tuesday, 19 January, “CoinShares, one of the earliest digital asset investing firms, said on Tuesday it had launched an exchange-traded Bitcoin product.”, “The CoinShares Physical Bitcoin Product is set to be listed on Switzerland’s main stock exchange under the ticker symbol BITC. “
Bitcoin and U.S. tech stocks are the biggest market bubbles right now, investors say. According to CNBC on Tuesday, 19 January, “When asked specifically about the 12 month fate of Bitcoin and Tesla – a stock emblematic of a potential tech bubble – a majority of readers think that they are more likely to halve than double from these levels with Tesla more vulnerable according to readers,” Deutsche Bank said.”
Far right groups get Bitcoin windfall weeks before capitol riot. According to Bloomberg Quint on Tuesday, 19 January, “The entities’ normally anonymous encrypted Bitcoin addresses were public, making it relatively easy to trace the payments over the online ledger known as a blockchain that includes all the peer-to-peer transactions, Chainalysis said.”, “Last week, European Central Bank President Christine Lagarde said Bitcoin had been enabling “funny business.”
Bitcoin surge built on market exUberance, momentum trading. According to Bloomberg Quint on Wednesday, 20 January, “Since October 2020 — the starting point of the latest Bitcoin cycle — about 60% of returns can be explained by exuberance in the wider market and momentum trading, according to Bloomberg Economics’ structural empirical model which exploits the co-movement of prices for Bitcoin and other assets to determine what factors are driving the ups and downs of the digital currency. “
Bitcoin slides below $35,000 as crypto mania loses momentum. According to Bloomberg Quint on Wednesday, 20 January, “Analysts have pointed to $40,000 as the key level that Bitcoin needs to surpass in order to draw fresh money from investors riding cryptocurrency momentum. “, “The Bitcoin fever is starting to break as worries about a market bubble discourages investors from buying in.”
We spoke to crypto platform gemini, which is backed by the winklevoss twins, about Bitcoin, how to use stable coins and why regulation won’t kill the boom in digital currencies. According to Business Insider on Wednesday, 20 January, “In 2017, Jamie Dimon, chief executive office of JP Morgan, called the cryptocurrency a “bit of a fraud,” adding that it was “worse than tulip bulbs.” Since then, a lot has changed with JP Morgan now leading Wall Street arguing there is a case for Bitcoin hitting $146,000.”, “This week, Deutsche Bank published research that showed market players rated Bitcoin an 8.7 out of 10 on a bubble scale, with 10 being an ‘extreme bubble’.”
Bitcoin sinks below $34,000 as sell-off cuts into early-January momentum. According to Business Insider on Wednesday, 20 January, “Flows into the Grayscale Bitcoin Trust and futures contracts can serve as early indicators of whether such support can be reached, he added.”, “The software CEO-turned Bitcoin whale explains why he is making such a massive bet on the digital asset.”
BlackRock files to add Bitcoin futures to two of its funds. According to Bloomberg Quint on Wednesday, 20 January, “BlackRock Inc. is adding cash-settled Bitcoin futures as an eligible investment to two funds, according to regulatory filings.”, “The world’s largest asset manager filed updated prospectuses for two funds on Wednesday with the U.S. Securities and Exchange Commission that included cash-settled Bitcoin futures among the assets they can buy.”