Litecoin is currently on bullish momentum. At 21:03 EST on Tuesday, 29 December, Litecoin is at $131.59 and up by 4.49% in the last 6 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $131.59 and the lower value was $125.93.
Over the last twelve hours, Litecoin’s higher value was $131.59 and the lower value was $122.48.
About Litecoin’s daily lows, it’s 7.438% up from its trailing 24-hour low of $122.48
Regarding Litecoin’s yearly highs and lows, it’s 414.627% up from its 52-week low and 4.866% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was 1.98%, 3.20%, and 2.04%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 7.18%, 13.46%, and 11.12%, respectively.
News about Bitcoin
Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sunday, 27 December, “”We have seen a notable up-tick in investor appetite for Bitcoin mining opportunities in Norway,” said Tyler Page, a business developer at Bitfury. “, “”There is a very important strategic shift away from mining in China to mining in western countries like Sweden as Bitcoin investors become more public and want more stability and critical safety,” said Salter at Genesis. “
Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sunday, 27 December, “Janet Yellen, who’s been nominated to serve as Treasury secretary in Biden’s administration, has in recent years cautioned investors over Bitcoin, saying it was a “highly speculative asset” and “not a stable store of value.” A representative didn’t immediately return a request seeking comment.”, “”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. “
Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Monday, 28 December, “Read more: Bitcoin Crushes Doubters as 224% Rally Proves It’s Here to Stay”, “Bitcoin has divided opinion as its price more than tripled in 2020 amid a worsening pandemic. “
Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Monday, 28 December, “Edward Moya, senior market analyst at Oanda, says demand for Bitcoin is “relentless.””, “”Bitcoin is still the trendy trade on Wall Street and that might not go away,” Moya wrote in a note Monday. “
Bitcoin mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Monday, 28 December, “On Sunday, bitcoin briefly jumped past $28,000, just one day after passing $27,000 for the first time. “, “In recent days bitcoin mining companies have announced major purchases of new equipment.”
Bitcoin rally likely to peak out in coming weeks, says technical analyst. According to Business Insider on Tuesday, 29 December, “Basing his analysis on another chart, which uses three disparate Bitcoin cycles, Newton said, “All those years where we had a stellar Q4 we reversed course in trend back in late December, early January, and actually went lower.””, “See Also: MicroStrategy Now Holds 70,470 Bitcoin After Spending $1.1B in 2020”
Bitcoin looks to gain traction in payments. According to The Wall Street Journal on Tuesday, 29 December, “Bitcoin, introduced in 2008, was designed to operate as a form of electronic cash, allowing users to exchange value as quickly and cheaply as sending an email. “, “Many of the companies that tried accepting bitcoin in 2014 and 2015, including Expedia Group Inc. and Dell Inc., later quietly dropped it.”