Litecoin is currently on bearish momentum. At 16:04 EST on Monday, 22 February, Litecoin is at $204.90 and down by 10.37% in the last 24 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $204.90 and the lower value was $196.53.
Over the last twelve hours, Litecoin’s higher value was $213.62 and the lower value was $190.95.
Concerning Litecoin’s daily highs and lows, it’s 7.306% up from its trailing 24-hour low of $190.95 and 9.827% down from its trailing 24-hour high of $227.23.
About Litecoin’s yearly highs and lows, it’s 701.33% up from its 52-week low and 16.694% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was 0.17%, 4.30%, and 4.86%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 5.51%, 10.83%, and 9.89%, respectively.
Last news about Litecoin
According to FX Empire on Monday, 22 February, “Chainlink (+2.92%), Ethereum (+7.34%), and Litecoin (+6.37%) trailed the front runners, however.”
News about Bitcoin
Musk defends Tesla Bitcoin move, says token less dumb than cash. According to Bloomberg Quint on Friday, 19 February, “Binance is raking in new users at its fastest pace ever as Bitcoin tops $50,000. “, “Zhao wondered in his interview why Tesla opted to buy Bitcoin if Musk is so “gung-ho” on Dogecoin. “
Bitcoin nears $1 trillion value as crypto jump tops other assets. According to Bloomberg Quint on Friday, 19 February, “If companies’ fundamentals are going to become closely tied to movements in Bitcoin because they’ve suddenly become speculators on the side, we’re going to be in bubble territory before you know it,” said Craig Erlam, senior market analyst with Oanda Europe Ltd.”, “Tesla Chief Executive Officer Elon Musk posted a somewhat cryptic tweet Friday that appeared in part to defend the company’s action, saying Bitcoin “is simply a less dumb form of liquidity than cash” while adding that the electric vehicle maker’s decision isn’t “directly reflective of my opinion.”
Bitcoin hits $1 trillion value as crypto jump tops other assets. According to Bloomberg Quint on Friday, 19 February, “AMP’s Oliver said if Bitcoin “falls out of favor — for example due to government regulation or investors just moving on to the next new thing — then it could quickly plunge.”, “If companies’ fundamentals are going to become closely tied to movements in Bitcoin because they’ve suddenly become speculators on the side, we’re going to be in bubble territory before you know it,” said Craig Erlam, senior market analyst with Oanda Europe Ltd.”
Bitcoin is hitting record highs. why it’s not too late to dig for digital gold.. According to The Wall Street Journal on Friday, 19 February, “The shape of this future is hazy: Bitcoin itself could be a major component, or it might be alternatives like so-called stablecoins pegged to dollars, or digital currencies issued directly by central banks. “
Biotech is acting ‘more and more like’ Bitcoin, evercore says. According to Bloomberg Quint on Friday, 19 February, “For Evercore ISI analyst Josh Schimmer, the heady run up in biotech stocks makes them look “more and more like Bitcoin these days,” with a speculative mania sweeping away the usual gauges of value.”, “The scale of the stock rallies — as with the concept of Bitcoin — have left “old school” investors used to more standard measures of value “struggling to understand these high-flying stocks which are in the hands of investors who use very different fundamentals,” Schimmer said in the note.”
Cantor CEO lutnick likens Tesla, Bitcoin surges to gamestop saga. According to Bloomberg Quint on Friday, 19 February, “The cryptocurrency Bitcoin is valued at more than $55,000 and has nearly doubled this year.”, “Retail keeps driving that stock up and retail keeps driving Bitcoin up,” he said. “
Bitcoin is surging. americans still don’t get how it works. According to Bloomberg Quint on Saturday, 20 February, “Of the people familiar with cryptocurrencies,4% say they think Bitcoin will fall to $0, while 8% say they see it heading above $100,000.”
Elon Musk says Bitcoin and ethereum prices ‘seem high’. According to Bloomberg Quint on Saturday, 20 February, “Billionaire Elon Musk said the price of Bitcoin and Ethereum “seem high” as the cryptocurrencies reached new records.”, “He was replying to a tweet by Peter Schiff — a cryptocurrency skeptic and noted gold bug — who said the precious metal is better than Bitcoin and fiat money.”
According to Business Insider on Saturday, 20 February, “This means if Tesla owns the same amount of Bitcoin as it did on January 31, it made a paper profit of about $930 million since January. “, “Even JPMorgan is now touting a case for the price of bitcoin hitting $146,000, but a recent note published by the firm did suggest that Bitcoin was worth only $25,000 with such high levels of current volatility.”
According to Business Insider on Saturday, 20 February, “Its latest rally has largely been attributed to Tesla’s $1.5 billion purchase revealed in an SEC filing on Feb 8, sending Bitcoin up 16% on the day.”, “Schiff’s was quoting Musk’s tweet that Bitcoin was a “less dumb” version of cash.”
Social media buzz: musk on Bitcoin levels, ted cruz, gamestop. According to Bloomberg Quint on Saturday, 20 February, “Elon Musk said the price of Bitcoin and Ethereum “seem high” as the cryptocurrencies reached new records. “, “Musk earlier called Bitcoin a “less dumb” version of cash, and added, “Money is just data that allows us to avoid the inconvenience of barter.”
The BTC breakout continues as new Bitcoin ETF launches. According to Business Insider on Saturday, 20 February, “It’s called the Purpose Bitcoin ETF, and it trades under the symbol “BTCC”.”, “The post The BTC Breakout Continues as New Bitcoin ETF Launches appeared first on InvestorPlace.”
Bitcoin stocks are possibly the dumbest Bitcoin play. According to Bloomberg Quint on Sunday, 21 February, “Unfortunately, as my Bloomberg News colleagues Crystal Kim and Tom Contiliano pointed out, its sharestradeat about a 50% premium to the price of Bitcoin -and that was after a 25% plunge in the stock from its Feb. 9 high. “, “The major incentive to do so is that if you run such a machine you can yourself get Bitcoin as a reward, and as the price rises the value of such a prize also climbs.”
Raging success of first Bitcoin fund shows who leads ETF market. According to Bloomberg Quint on Sunday, 21 February, “It boggles my mind we still don’t have a Bitcoin ETF in the U.S.,” said Geraci at the ETF Store. “, “I wouldn’t necessarily generalize the U.S. is always behind, it’s just Bitcoin is an incredibly hot topic and it might be a special case.”
Tesla is ideally positioned to become the world’s most important Bitcoin bank. According to Business Insider on Sunday, 21 February, “The Elon Musk Bank of Bitcoin is officially open for business – and don’t be shocked if business starts to boom.”
Bitcoin rally faces potential test from falling market liquidity. According to Bloomberg Quint on Monday, 22 February, “The Bitcoin faithful argue corporate treasurers and institutional investors are new sources of demand and that the token can hedge risks such as faster inflation. “, “The rally in Bitcoin that took the digital token to a fresh peak over the weekend could face a test from declining liquidity in the market for the largest cryptocurrency.”
Forget Bitcoin or Tesla. muni bonds are the king of costly.. According to Bloomberg Quint on Monday, 22 February, “Believe it or not,the $3.9trillion municipal-bond market and Bitcoin have muchin common.”, “It’s certainly fair to argue that Bitcoin isn’t worth more than $50,000, or that shares of Tesla Inc. shouldn’t be trading at more than1,000 times earnings.”
Bitcoin ETF sellers in Sweden urged to avoid average consumers. According to Bloomberg Quint on Monday, 22 February, “Exchange-traded crypto-tracking products exist in Europe and a Bitcoin ETF opened in February in Canada. “, “Sweden is home to the largest Bitcoin exchanged-traded product: The $1.7 billion Bitcoin Tracker EUR, which invests in swap contracts to mirror the cryptocurrency’s returns, is listed on the Stockholm Stock Exchange.”
Bitcoin pulls back from record as prices give up weekend gains. According to Bloomberg Quint on Monday, 22 February, “The world’s largest cryptocurrency has been on a tear this month, propelled by purchases from Tesla Inc. and institutional investors who say Bitcoin is an attractive alternative to gold and the dollar.”, “It should go without saying that new investors to Bitcoin should be prepared for major volatility and for prices to drop suddenly and as sharply as they have risen,” according to Neil Wilson, chief analyst at Markets.com.”
According to Business Insider on Monday, 22 February, “At this point, our belief is: Bitcoin is not a question of if, but when,” Demirors said.”, “The size of the Bitcoin market recently shot past $1 trillion as it hit a record high of $58,354. “
Bitcoin plunges 8% as record-shattering rally succumbs to valuation fears. According to Business Insider on Monday, 22 February, “Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit over the last month from its Bitcoin investment given the skyrocketing price of Bitcoin, which now tops a trillion of market value,” analyst Dan Ives wrote in a note published Saturday.”
Bitcoin tanks 10% after Elon Musk says prices seem high. According to CNBC on Monday, 22 February, “Tesla is “on a trajectory to make more from its Bitcoin investments than profits from selling its EV (electric vehicle) cars in all of 2020,” Ives estimated in a note published Saturday.”
According to MarketWatch on Monday, 22 February, “One major study indicated only a small percentage of Bitcoin transactions are used in illicit transactions, however, and supporters also point out the same is true of the dollar. “
Elon Musk’s Bitcoin tweet hurts Tesla’s own bet in currency. According to Bloomberg Quint on Monday, 22 February, “The estimated profit on the purchase was cut quickly when Bitcoin plunged as much as 17% on Monday. “, “Both recovered from the lows, with Bitcoin down about 8.4% to $52,534 and Tesla off 4.7% to $744.68 as of 1:48 p.m. in New York.”
