Litecoin is currently on bullish momentum. At 10:06 EST on Monday, 1 March, Litecoin is at $172.03 and up by 10.38% in the last 24 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $172.03 and the lower value was $169.61.
Over the last twelve hours, Litecoin’s higher value was $172.03 and the lower value was $164.43.
Regarding Litecoin’s daily lows, it’s 10.382% up from its trailing 24-hour low of $155.85
In relation to Litecoin’s yearly highs and lows, it’s 572.781% up from its 52-week low and 30.058% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was 4.35%, 5.87%, and 5.33%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 11.53%, 16.13%, and 11.69%, respectively.
Last news about Litecoin
According to FX Empire on Saturday, 27 February, “Binance Coin (-5.50%), Crypto.com Coin (-6.87%), Litecoin (-5.07%) led the way down.”
According to FX Empire on Monday, 1 March, “Binance Coin (-6.49%), Chainlink (-5.56%), Ethereum (-2.63%), Litecoin (-3.63%), and Ripple’s XRP (-4.45%) also struggled, however.”, “Binance Coin (-28.66%), Bitcoin Cash SV (-29.10%), Chainlink (-27.56%), Ethereum (-26.54%), Litecoin (-27.18%), and Ripple’s XRP (-23.57%) led the way down.”
News about Bitcoin
Bitcoin heads for worst weekly slide in a year amid risk selloff. According to Bloomberg Quint on Friday, 26 February, “The trust has slumped 20% this week, with losses at one point racing past its underlying asset, as a once-massive price premium over Bitcoin has evaporated as investors cashed in on those gains, he said.”, “Heavy selling in the Grayscale Bitcoin Trust, the world’s largest such fund, as well as the expiry of Bitcoin options are also contributing to the volatility, Ayyar said. “
A look under the hood of one of the world’s first Bitcoin etfs. According to Business Insider on Friday, 26 February, “In describing how they crafted EBIT to best deliver direct exposure to bitcoin with as low of a cost barrier as possible, Johnson highlighted the existing financial infrastructure that had taken shape over the intervening five years, from the creation of closed-end fund like the Grayscale Bitcoin Trust (OTC:GBTC) to the CME Group’s launch of bitcoin futures.”, “Benzinga spoke with Raj Lala, President and CEO, and Elliot Johnson, Chief Investment Officer at Evolve ETFs, who are the key principals responsible for shaping the Evolve Bitcoin ETF (TSX:EBIT).”
According to Business Insider on Saturday, 27 February, “Wood, whose firm holds more thanseven million shares in the Grayscale Bitcoin Trust, believes that the digital token still has “trillions of dollars of market cap potential.”
5 reasons Bitcoin is superior to gold. According to Business Insider on Saturday, 27 February, “Liquidity: Bitcoin is sold on any number of large, billion-dollar exchanges in a matter of seconds. “, “Transferability: Bitcoin is a digital asset, so it can be sent via the internet to anyone around the world with a connected device. “
Bitcoin whales are a mixed blessing. According to Bloomberg Quint on Sunday, 28 February, “While Bitcoin makes it easy for anyone to be their own bank, the fact that the vast majority of Bitcoin users prefer to let third parties take custody of their assets sort of defeats the purpose of a decentralized cryptocurrency.”, “For others, like Square and MicroStrategy Inc., it was an opportunity to buy the dip, with words of encouragement from Ark Investment Fund’s Cathie Wood, a Bitcoin bull.”
Bitcoin rises after China region declares war on crypto mining. According to Bloomberg Quint on Monday, 1 March, “The region accounted for 8% of global Bitcoin mining computing power, according to the Bitcoin Electricity Consumption Index compiled by Cambridge University. “
Bitcoin is at a tipping point and could become ‘currency of choice’ for global trade, citi says. According to CNBC on Monday, 1 March, “There are a host of risks and obstacles that stand in the way of Bitcoin progress,” the U.S. investment bank’s global perspectives and solutions team wrote in a note Monday.”, “For institutional investors, these include concerns over capital efficiency, insurance and custody, security, and ESG considerations from Bitcoin mining,” the bank added. “
Bitcoin rises as citi makes the case for a role in global trade. According to Bloomberg Quint on Monday, 1 March, “There are a host of risks and obstacles that stand in the way of Bitcoin progress,” wrote strategists including Kathleen Boyle, the managing editor of Citi GPS. “, “The sheer amount of energy needed to mine Bitcoin and the prospect that governments will create more obstacles for the largest cryptocurrency point to the token losing “most of its value over time,” BCA Research Chief Global Strategist Peter Berezin wrote in the report released Friday.”