Litecoin is currently on bullish momentum. At 23:06 EST on Tuesday, 29 December, Litecoin is at $130.35 and up by 6.43% in the last 12 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $132.15 and the lower value was $126.42.
Over the last twelve hours, Litecoin’s higher value was $132.15 and the lower value was $122.48.
In relation to Litecoin’s daily highs and lows, it’s 6.426% up from its trailing 24-hour low of $122.48 and 1.362% down from its trailing 24-hour high of $132.15.
Regarding Litecoin’s yearly highs and lows, it’s 409.777% up from its 52-week low and 5.762% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was a negative 0.78%, a positive 1.91%, and a positive 1.71%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 7.77%, 12.38%, and 10.96%, respectively.
News about Bitcoin
Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sunday, 27 December, “Having coin flowing from the Nordic region helps reduce the political risk profile of Bitcoin.”, “The resulting glut in the most important raw material for making the virtual coins coincided with a year when the price of Bitcoin tripled.”
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.”, “While none of those reasons for buying Bitcoin comport with its origins as an alternative to fiat currencies, they do point to a growing acceptance of crypto as an asset class of its own. “
Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Monday, 28 December, “Others question Bitcoin’s validity as an investment and point to the digital currency’s history of wild rallies followed by crashes.”, “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.””, “Read more: Bitcoin Crushes Doubters as 224% Rally Proves It’s Here to Stay”
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, “At press-time Bitcoin traded 1.26% lower at $26,845.73 and Ethereum traded 1.06% higher at $715.97.”, “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.””
Bitcoin looks to gain traction in payments. According to The Wall Street Journal on Tuesday, 29 December, “Despite those inroads, industry watchers say bitcoin must gain traction as a form of payment to become more ubiquitous. “, “Vegas Auto Gallery, a luxury auto dealership in Las Vegas, has become a playground for wealthy bitcoin investors who want to cash in.”