Litecoin is currently on bearish momentum. At 20:06 EST on Sunday, 27 December, Litecoin is at $130.32 and down by 1.37% in the last 6 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $132.10 and the lower value was $125.48.
Over the last twelve hours, Litecoin’s higher value was $136.71 and the lower value was $125.48.
Concerning Litecoin’s daily highs and lows, it’s 3.857% up from its trailing 24-hour low of $125.48 and 4.674% down from its trailing 24-hour high of $136.71.
Regarding Litecoin’s yearly highs and lows, it’s 409.66% up from its 52-week low and 3.28% down from its 52-week high.
Volatility
Litecoin’s last day and last week average volatility is a positive 1.95% and a positive 9.05%, respectively. Litecoin’s high and low amplitude percentage in the last week was 14.94%.
News about Bitcoin
Bitcoin surges to fresh record high and looks set to break the $25,000 level: ‘merry bitmas’. According to Business Insider on Fri Dec 25, “Bitcoin’s market cap could reach $1 trillion sometime in 2021, according to Garrick Hileman, head of research at Blockchain.com, if investors take its reserve currency status more seriously.”, “Bitcoin is soaring once again, hitting a new record price of $24,661 on Friday, with investors declaring “Happy Bitmas,” on social media.”
Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, “”We have seen a notable up-tick in investor appetite for Bitcoin mining opportunities in Norway,” said Tyler Page, a business developer at Bitfury. “, “”This year’s energy prices were particularly low as Bitcoin prices have increased.””
Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, “”What’s happening now — and it’s happening faster than anyone could ever imagine — is that Bitcoin is moving from a fringe esoteric asset to the mainstream,” said Matt Hougan, chief investment officer of Bitwise Asset Management. “, “Clayton’s exit from the regulator is welcome news for crypto fans who saw him take a hard line over the years, suing to halt initial coin offerings, rejecting applications for Bitcoin exchange-traded funds and launching a last-minute lawsuit against Ripple Labs Inc. Gensler, who served as a Commodity Futures Trading Commission chairman during the Obama administration, is a senior advisor to the MIT Media Lab Digital Currency Initiative and teaches about blockchain technology and digital currencies.”