Litecoin Cryptocurrency is currently on bearish momentum by 15.45% in the last 6 hours. At 20:07 EST on Wednesday, 12 May, Litecoin is at $304.76.
Social Status
Currently, Litecoin has 176062 Twitter followers and 320014 Reddit subscribers.
As of now, on Github, there are 2570 forks, 3809 stars, and 539 subscribers.
Volatility
Litecoin’s last week, last month’s, and last quarter’s current volatility was 273.77%, 273.77%, and 273.77%, respectively.
Litecoin’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 273.77% (last week), 273.77% (last month), and 273.77% (last quarter), respectively.
Other News About Litecoin
According to FX Empire on Monday, 10 May, “Cardano’s ADA and Litecoin rallied by 8.88% and by 11.66% respectively to lead the way, with Chainlink (+7.40%) also finding strong support.”, “Binance Coin (+0.14%), Bitcoin Cash SV (+2.15%), Chainlink (+1.09%), Crypto.com Coin (+1.26%), and Litecoin (+2.26%) found early support.”
News about Bitcoin
Bitcoin ETF approval odds grow longer after gensler critique. According to Bloomberg Quint on Monday, 10 May, “If Gensler isn’t yet fully comfortable with crypto exchanges, it’s highly unlikely he would bless a Bitcoin ETF.”, “Efforts have been underway for nearly a decade to get a Bitcoin ETF launched stateside. “
Bitcoin isn’t behaving as an inflation hedge. its move still makes sense. According to Bloomberg Quint on Wednesday, 12 May, “Of course, gold, highly speculative tech, and Bitcoin all have something in common, which is that they don’t generate cash flow in the here and now. “, “So from that perspective it looks like Bitcoin is simply behaving as a risky,speculative asset, which both explains its action today and also over the last year. “
Musk says Tesla suspending Bitcoin purchases, citing energy use. According to Bloomberg Quint on Wednesday, 12 May, “Optimism grew after Mastercard Inc., Bank of New York Mellon Corp. and other firms moved to make it easier for customers to use cryptocurrencies, fueling the mainstream resurgence that took Bitcoin from about $29,000 at the end of last year to as high as almost $65,000 on April 14. “, “In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions.” The move comes after Tesla disclosed in February that it had purchased $1.5 billion in Bitcoin and planned to accept it as a payment.”
According to Business Insider on Tuesday, 11 May, “The Chicago Board Options Exchange has applied with the US Securities and Exchange Commission Monday to list Fidelity’s Wise Origin Bitcoin exchange-traded fund, according to a Form 19b-4.”, “In Canada, the first publicly traded ETF, the Purpose Bitcoin ETF, has been approved, as well as ethereum ETFs. “
More news about Litecoin.