Litecoin is currently on bullish momentum. At 15:03 EST on Friday, 12 February, Litecoin is at $190.04 and up by 5.14% in the last 6 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $190.12 and the lower value was $180.75.
Over the last twelve hours, Litecoin’s higher value was $190.12 and the lower value was $180.75.
In relation to Litecoin’s daily highs and lows, it’s 5.507% up from its trailing 24-hour low of $180.12 and 0.042% down from its trailing 24-hour high of $190.12.
Regarding Litecoin’s yearly highs and lows, it’s 643.215% up from its 52-week low and 0.612% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was 1.28%, 4.44%, and 4.68%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 9.03%, 10.25%, and 10.21%, respectively.
Last news about Litecoin
According to FX Empire on Wednesday, 10 February, “Bitcoin Cash SV (+13.22%), Chainlink (+8.61%), and Litecoin (+8.54%) trailed in spite of strong rallies.”, “Chainlink and Litecoin were down by 0.54% and by 0.80% to buck the trend early on.”
News about Bitcoin
Bitcoin surges past $47,000 for first time after Tesla purchase. According to Bloomberg Quint on Tuesday, 9 February, “A rally was also evident in Bitcoin futures, suggesting shorts are throwing in the towel and signaling traders won’t fight the crypto advance. “
Tesla boots the Bitcoin bandwagon closer to corporate america. According to Bloomberg Quint on Tuesday, 9 February, “Tesla Inc.’s purchase of $1.5 billion in Bitcoin may have forced cryptocurrencies onto the agenda of corporate treasurers worldwide.”, “And while Tesla announced plans to accept Bitcoin for purchases, hardly anyone uses the cryptocurrency for anything beyond speculation. “
The possible xinjiang coal link in Tesla’s Bitcoin binge. According to Bloomberg Quint on Tuesday, 9 February, “There’s a pretty good chance that any new Bitcoin generated after the cryptocurrency’s Elon Musk-aided surge toward $50,000 will be sourced using cheap coal power in China’s Xinjiang.”
Elon Musk’s Bitcoin bet is a bean counter’s nightmare. According to Bloomberg Quint on Tuesday, 9 February, “In plain English, if the price of Bitcoin price suddenly fell by, say, a third compared to the Tesla’scost acquiring it -prettyplausible in the context of Bitcoin’s historic volatility -then the carmaker’s GAAP earnings would be short $500 million during that quarter. “, “Business analytics company MicroStrategy Inc. had invested a whopping $1.1 billion in Bitcoin as of Dec.31. “
According to Business Insider on Tuesday, 9 February, “The conference was meant to help corporate executives learn about the benefits of adopting Bitcoin in their portfolios.”, “Michael Saylor-a noted Bitcoin bull and CEO of business intelligence firm MicroStrategy-held a conference called “Bitcoin for Corporations” on February 3 and 4. “
JPMorgan sees Tesla Bitcoin bet as too bold for others to follow. According to Bloomberg Quint on Tuesday, 9 February, “How sustained the rally becomes might depend on whether “less speculative” institutional flows materialize — such as those into the popular Grayscale Bitcoin Trust.”, “Following the announcement, longtime crypto investor Mike Novogratz suggested soon “every company in America” would accept Bitcoin as payment.”
Reddit user who leaked Tesla’s Bitcoin investment news was just high. According to Business Insider on Wednesday, 10 February, “A Reddit poster who claimed to be in the know of Tesla Inc’s (NASDAQ:TSLA) investment in Bitcoin (BTC) has confirmed that the information he made public on Jan. 2 was not true, the New York Post reported Tuesday.”, “What Happened: After Tesla made its Bitcoin investment announcement on Monday, attention turned to the Reddit post by the user TSLAInsider made five-weeks prior.”
Why a U.S. Bitcoin ETF could be a real thing in 2021. According to Bloomberg Quint on Wednesday, 10 February, “Yet with the world’s largest digital coin rallying to new heights and a change of leadership at the Securities and Exchange Commission, the prospect of a first U.S. Bitcoin ETF appears to be rising.”, “Industry experts argue that the premiums on trust products would dwindle if a Bitcoin ETF were approved. “
Bitcoin declines in the wake of Tesla-inspired euphoria. According to Bloomberg Quint on Wednesday, 10 February, “While Bitcoin is gaining traction among big league financial players like Elon Musk — who announced Monday that Tesla added the token to its balance sheet — Wednesday’s losses underscore the speculative and volatile nature of the coin. “
Bitcoin is red hot. can it ever be green?. According to Bloomberg Quint on Wednesday, 10 February, “While it uses lots of power, Bitcoin sucks up a tiny fraction of the electricity generated around the world. “, “In 2018, BloombergNEF pegged the amount consumed by activities related to Bitcoin at 20.5 terawatt-hours of electricity a year. “
Bitcoin is not ready to go mainstream for these 3 reasons, the world’s largest wealth manager warns. According to Business Insider on Wednesday, 10 February, “Although Tesla might start using Bitcoin as a payment mechanism, this is different from actually pricing products in Bitcoin or retaining the Bitcoin received, actions that would be more consistent with mainstreaming it as a currency,” Haefele said.”, “Crypto mining and management can contribute to carbon emissions without improving living standards, since individuals or teams use computing power and specialized software to produce Bitcoin and Ethereum. “
Bitcoin holds gains from Tesla as Mastercard, twitter weigh in. According to Bloomberg Quint on Thursday, 11 February, “Even before announcing Tesla’s bet on Bitcoin, Musk said he was a supporter of Bitcoin on a social audio app and made multiple tongue-in-cheek references on Twitter to Dogecoin — a Shiba Inu-themed crypto started as a joke — sending prices soaring.”, “The unverified Twitter account “Wallstreetbets mod” posted a call to buy Bitcoin and marijuana stocks.”
Bitcoin hits record as Mastercard, BNY mellon embrace crypto. According to Bloomberg Quint on Thursday, 11 February, “The unverified Twitter account “Wallstreetbets mod” posted a call to buy Bitcoin and marijuana stocks.”, “Even before announcing Tesla’s bet on Bitcoin, Musk said he was a supporter of Bitcoin on a social audio app and made multiple tongue-in-cheek references on Twitter to Dogecoin — a Shiba Inu-themed crypto started as a joke — sending prices soaring.”
Bitcoin bull mike novogratz compared dogecoin to gamestop – and warned buyers could ‘lose lots of money’. According to Business Insider on Thursday, 11 February, “While he thinks Bitcoin could double in price by the end of this year as major institutions follow Tesla in buying it, he sees “no long-term value in Dogecoin.”
Sheila bair says don’t buy Bitcoin, it’s at ‘nosebleed levels’. According to Bloomberg Quint on Thursday, 11 February, “Bair’s comments came before Mastercard Inc. and Bank of New York Mellon Corp. moved to make it easier for customers to use cryptocurrencies, driving the price of Bitcoin to a record high. “
According to Business Insider on Thursday, 11 February, “Doug Davison, a Partner at Linklaters and former branch chief of the SEC’s division of enforcement, told the UK’s Telegraphthat “it would not be surprising-given the focus on the chief executive’s Tweets, Bitcoin pricing and recent dramatic market moves-for the SEC to ask questions about the facts and circumstances here.”
According to Business Insider on Friday, 12 February, “Hot off the heels of Tesla’s $1.5bn investment in Bitcoin these developments, these developments are giving more juice for the rally,” said Neil Wilson, chief market analyst at trading platform Markets.com.”
According to Business Insider on Friday, 12 February, “For Bitcoin Depot CEO Brandon Mintz, Elon Musk has just tipped the first domino that will send bitcoin exploding upward this year and beyond.”, “I think there’s going to be a domino effect as time goes on, article after article announcing household names putting bitcoin on their balance sheet,” the head of Bitcoin Depot, which operates bitcoin ATMs around the world, told Insider on Wednesday.”
North america’s first Bitcoin ETF gets green light in Canada. According to Bloomberg Quint on Friday, 12 February, “Thus, we think this is net net good news for Bitcoin hopes in the U.S.,” said Bloomberg Intelligence ETF analyst Eric Balchunas.”, “Current Bitcoin trusts in the U.S. often trade at massive premiums, yet investors pile in regardless, since buying investment trusts can be easier than purchasing the coins themselves. “
Crypto advocate andrew yang plans to transform New York city into a Bitcoin hub if he’s elected Mayor. According to Business Insider on Friday, 12 February, “Andrew Yang said on Twitter that he would make New York City a hub for Bitcoin if he’s elected mayor.”, “His tweet on Thursday caught the ire of some Twitter users, with one blasting Bitcoin as a “pyramid scheme” and another saying a “stable society requires stable currency.”
According to Business Insider on Friday, 12 February, “The Purpose Bitcoin ETF will seek to replicate the performance of the price of bitcoin, minus the ETF’s fees and expenses, according to a fact sheet posted by Canada-based asset manager Purpose Investments. “, “The Grayscale Bitcoin Trust that follows bitcoin has gained 272% in the last twelve months. “