Litecoin is currently on bullish momentum. At 10:08 EST on Friday, 8 January, Litecoin is at $179.70 and up by 8.12% in the last 6 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $179.70 and the lower value was $166.21.
Over the last twelve hours, Litecoin’s higher value was $179.70 and the lower value was $157.54.
Concerning Litecoin’s daily lows, it’s 16.757% up from its trailing 24-hour low of $153.91
About Litecoin’s yearly highs and lows, it’s 602.777% up from its 52-week low and 0.647% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was 0.35%, 4.66%, and 2.80%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 11.09%, 13.35%, and 11.67%, respectively.
News about Bitcoin
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. “, “This implies that the above-$146,000 theoretical Bitcoin price target should be considered as a long-term target, and thus an unsustainable price target for this year.”
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 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.”, “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, “Few shareholders would complain about the likely dividends that would result from a Bitcoin surge to $100,000.”, “The largest reported public company Bitcoin holder, Microstrategy Inc., would see its Bitcoin holdings of 70,470 surge in value to $7.05bn. “
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, “Warren Buffett famously called Bitcoin ‘rat poison,’” Miller wrote in his post. “, “The statement of support for Bitcoin is not the first by Miller, who is best known for his value stock picks at Legg Mason Inc., where he outperformed the S&P 500 for 15 years through 2005. “
Veteran investor bill miller flips warren buffett’s Bitcoin snub to argue crypto beats cash. According to Business Insider on Wednesday, 6 January, “If more companies swap cash for crypto, “the current relative trickle into Bitcoin would become a torrent,” he added.”, “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, “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, “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.”, “Proponents of Bitcoin argue it offers a hedge against dollar weakness and the risk of faster inflation, a bit like gold, while critics decry the intellectual soundness of comparing the two assets.”
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, “Last year, the Chicago Mercantile Exchange started offering options contracts on Bitcoin futures.”, “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, “Crypto enthusiasts, many of whom feel validated that the coin has reached these levels after years of ups and downs, celebrated on Twitter, posting pictures of fireworks and rocket-ship emojis alongside Bitcoin price charts that depict the surge.”, “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’s funds operate as trusts that hold growing hoards of coins such as Bitcoin that are not redeemable by investors. “, “The Grayscale Bitcoin Trust has become a bellwether for digital asset investors after accumulating more than 3% of the total supply of the largest cryptocurrency.”
White-knuckle Bitcoin rally powers crypto’s best week since 2017. According to Bloomberg Quint on Friday, 8 January, “Cryptocurrencies are on course for their biggest weekly surge since the last bubble in Bitcoin peaked about three years ago, ahead of a spectacular crash.”, “The potential for “upside of historic proportions” suggests investors should keep buying Bitcoin and Ether, according to Rich Ross, a technical strategist at Evercore ISI.”