Litecoin is currently on bullish momentum. At 13:07 EST on Thursday, 28 January, Litecoin is at $130.21 and up by 7.05% in the last 24 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $131.20 and the lower value was $129.91.
Over the last twelve hours, Litecoin’s higher value was $131.20 and the lower value was $128.75.
About Litecoin’s daily highs and lows, it’s 7.054% up from its trailing 24-hour low of $121.63 and 0.755% down from its trailing 24-hour high of $131.20.
About Litecoin’s yearly highs and lows, it’s 409.23% up from its 52-week low and 29.912% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was a negative 9.61%, a negative 3.03%, and a negative 0.28%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 13.53%, 10.50%, and 12.83%, 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, “Cryptocurrency enthusiasts counting on Bitcoin to bounce back above the $40,000 level face a challenge due to faltering demand for the biggest fund tracking the digital asset, according to JPMorgan Chase & Co.”, “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, “Male vs Female Bitcoin Awareness: According to another survey, 78% of male survey respondents reported being aware of Bitcoin, while only 71% of females were aware of this particular digital asset (18+ or Older).”, “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.”
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, “While Bitcoin has been popular for trading, “increasingly the new to market money that we are seeing is buying Bitcoin as a hedge to inflation and as digital gold,” said Matt Long, head of distribution and prime brokerage at digital-asset platform OSL in Hong Kong.”, “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, “One Bitcoin transaction would generate the CO2 equivalent to 706,765 swipes of a Visa credit card, according to Digiconomist’s closely-followed index, albeit with none of the convenience of plastic. “, “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, “While the Marks have had no contact with Steynberg, or knowledge of his whereabouts since the matter came to light, they are sure he “will repay to members their Bitcoin investments as that is the character of the Johann Steynberg they came to know,” their lawyer said.”, “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, “SkyBridge initiated a position, valued at about $310 million earlier this month, in funds investing in Bitcoin during November and December 2020.”, “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, “Marathon Patent Group has computers in Montana and North Dakota, and recently announced it bought $150 million worth of Bitcoin for its Treasury reserves.”, “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.”
Microstrategy bond buyers rewarded with ‘win-tie’ Bitcoin play. According to Bloomberg Quint on Thursday, 28 January, “To outsiders, the offering seemed “strange” or “a head-slapping moment.” Mature, cash-flow-generating companies rarely tap this corner of capital markets, especially for the risky purpose of funding Bitcoin purchases. “, “So when the price of Bitcoin doubled, so did MicroStrategy’s shares, pushing the convertible deep into the money. “
Ray dalio calls Bitcoin ‘one hell of an invention,’ considers it for new funds. According to Bloomberg Quint on Thursday, 28 January, “Bridgewater Associates founder Ray Dalio said Bitcoin is “one hell of an invention” and he’s considering cryptocurrencies as investments for new funds offering clients protection against the debasement of fiat money.”, “While Bitcoin has the potential to make investors “very rich” as well as “disrupt the existing monetary system,” there are risks. “
