Litecoin is currently on bearish momentum. At 19:03 EST on Wednesday, 27 January, Litecoin is at $122.79 and down by 9.47% in the last 24 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $127.28 and the lower value was $121.63.
Over the last twelve hours, Litecoin’s higher value was $127.28 and the lower value was $121.63.
Concerning Litecoin’s daily highs and lows, it’s 0.954% up from its trailing 24-hour low of $121.63 and 8.652% down from its trailing 24-hour high of $134.42.
About Litecoin’s yearly highs and lows, it’s 0% down from its 52-week low and 0% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was a negative 1.99%, a negative 2.00%, and a positive 0.10%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 8.28%, 10.31%, and 12.62%, respectively.
Last news about Litecoin
According to FX Empire on Monday, 25 January, “Binance Coin (+2.28%), Bitcoin Cash SV (+1.59%), Cardano’s ADA (+2.21%), Crypto.com Coin (+1.40%), and Litecoin (+2.43%) also found strong support.”, “Binance Coin (-8.64%), Cardano’s ADA (-7.06%), Crypto.com Coin (-7.98%), Litecoin (-1.14%), and Ripple’s XRP (-11.96%) also joined Bitcoin in the red.”
According to Bloomberg Quint on Monday, 25 January, “Grayscale’s Litecoin Trust (LTCN) is currently trading at about a 2,275% premium, with its price at $295 a share and a net asset value of $12.42. “
According to Business Insider on Wednesday, 27 January, “For people who are interested in trading the emerging asset class that is Cryptocurrency with Bitcoin, Ethereum, Litecoin and Ripple all part of the product range.”
News about Bitcoin
Bitcoin return to $40,000 in doubt as grayscale fund flows slow. According to Bloomberg Quint on Monday, 25 January, “In a separate analysis, Adam James with OKEx Insights found at least some long-term Bitcoin holders — so-called “whales” — and miners likely sold to institutional investors during the 2020 rally, as the average age of coins traded rose starting in October and has remained elevated since.”, “They added that the “risk is that momentum traders will continue to unwind Bitcoin futures positions.”
80% of white respondents are aware of Bitcoin compared to 66% of hispanics and 61% of black respondents, new study by simplemoneylyfe. According to Business Insider on Monday, 25 January, “The research, which analyzed exclusive survey results and public databases, also discovered that males are more aware of Bitcoin than females, and 67% of Millennials favor Bitcoin over gold.”, “This includes numerous governments, financial institutions, and early Bitcoin investors/miners.”
Stock alert: the9 jumps 25%, co. to buy Bitcoin mining machines. According to Business Insider on Monday, 25 January, “The9 announced that it signed five legally binding Memorandum of Understanding with five Bitcoin mining machine owners to purchase Bitcoin mining machines by the issuance of shares.”, “After the completion of the transaction, The9 is expected to own 26,007 Bitcoin mining machines, with a total hash rate of around 549PH/S.”
Crypto markets show more signs of excess amid Bitcoin rebound. According to Bloomberg Quint on Monday, 25 January, “Although the premium on the more than $20 billion Grayscale Bitcoin Trust (GBTC) has declined, other funds face soaring markups as retail investors clamor for crypto exposure.”, “The Bitcoin proselytizer then raised an additional $650 million through convertible senior notes to invest in the world’s largest cryptocurrency in December. “
Crypto hedge funds underperformed Bitcoin during rally last year. According to Bloomberg Quint on Monday, 25 January, “Actively managed cryptocurrency hedge-funds underperformed Bitcoin during the largest digital asset’s bull run last year, according to Crypto Fund Research.”, “It may also be that they have exposure to cryptos besides Bitcoin that have done well as well. “
According to Business Insider on Tuesday, 26 January, “Of the two, the Roth version might have an edge, says Bogner, especially “if you are of the mindset that Bitcoin is going to explode” in price in the future. “
Bitcoin seen topping $50,000 long term as it vies with gold. According to Bloomberg Quint on Tuesday, 26 January, “Predicting a price for Bitcoin is challenging but it’s likely to rise longer term as funds and family offices assign 0.5% or 1% of their portfolios to it, Long added.”, “We’re talking about Bitcoin over the next three, five, 10 years slowly inching away at gold’s market capitalization,” Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore, said in an online question and answer session with Bloomberg Tuesday. “
Is Bitcoin mining worth the cost?. According to Bloomberg Quint on Tuesday, 26 January, “Instead cryptois regularly lumpedinwith energy-transition trades such asTesla Inc.,anothertop retail-investor pick, regardless of the fact thatbuying Bitcoin pretty clearlymakes an investment portfolio “less green,”as Barclays Private Bank’s Gerald Moser put it last week.”, “Even Ray Dillinger, part of the early digital-cash movement that spawned cryptocurrencies, recentlysaid Bitcoin had wasted “enormous resources of energy” on the back of taxpayer-subsidized electricity with the encouragement of exactly the sort of authoritarian governments it claimed to fight against. “
South Africa cracks down on Bitcoin after alleged ponzi scheme. According to Bloomberg Quint on Tuesday, 26 January, “MTI — which in November claimed it had 260,000 members and 23,000 Bitcoin now worth about $740 million — was placed in provisional liquidation last month after clients battled to withdraw funds. “, “South Africa’s finance-industry regulator wants more power to prosecute perpetrators of fraud and oversee dealing in cryptocurrencies after the collapse of a Bitcoin trader, alleged to be the country’s largest Ponzi scheme.”
Skybridge’s anthony scaramucci talks up new Bitcoin fund, crypto’s ‘exponential liftoff’. According to Business Insider on Wednesday, 27 January, “Accredited investors can subscribe directly to SkyBridge Bitcoin Fund, which requires a minimum investment of $50,000.”, “It’s already happening,” he said, citingBlackRock Inc.’s adding Bitcoin futures as an eligible investment to two of its funds.”
Crypto’s young believers stoke a craze for Bitcoin penny stocks. According to Bloomberg Quint on Wednesday, 27 January, “And the fact that Bitcoin miners tend to be unprofitable or just barely in the black isn’t much of a deterrent.”, “While Bitcoin prices tend to move in the realm of 5% to 10% a day, it’s not uncommon for the mining stocks to swing 20%. “
Bitcoin tumbles back below $30,000 as record momentum fades. According to Bloomberg Quint on Wednesday, 27 January, “Companies such as MicroStrategy Inc., Square Inc., and crypto miner Marathon Patent Group Inc. have all added some of their company’s cash reserves into Bitcoin amid the rally.”
Bitcoin ‘might break down altogether,’ BIS head carstens warns. According to Bloomberg Quint on Wednesday, 27 January, “Investors must be cognizant that Bitcoin may well break down altogether,” because the system becomes vulnerable to majority attacks as it gets close to its maximum supply of 21 million coins, BIS General Manager Agustin Carstens said in a speech for the Hoover Institution on Wednesday.”