Litecoin is currently on bearish momentum. At 16:06 EST on Thu 17 Dec, Litecoin is at $101.70 and down by 4.78% in the last 6 hours.
Over the last six hours, Litecoin’s higher value was $108.15 and the lower value was $101.70.
Over the last twelve hours, Litecoin’s higher value was $108.15 and the lower value was $94.12.
Regarding Litecoin’s daily highs and lows, it’s 11.562% up from its trailing 24-hour low of $91.16 and 5.964% down from its trailing 24-hour high of $108.15.
Concerning Litecoin’s yearly highs and lows, it’s 297.732% up from its 52-week low and 6.894% down from its 52-week high.
News about Bitcoin
JPMorgan says massmutual’s Bitcoin foray signals widening demand. According to Bloomberg Quint on Mon Dec 14, "If pension funds and insurance companies in the U.S., euro area, U.K. and Japan allocate 1% of assets to Bitcoin, that would result in additional Bitcoin demand of $600 billion, the strategists said. ", "At the same time, traditional investors like insurers and pension portfolios face regulatory hurdles relating to risk levels and liability mismatches, likely limiting how much they can put into Bitcoin, the JPMorgan strategists wrote."
Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, "Bitcoin rose as much as 1.9% on Tuesday to trade around $19,562. ", "The largest have come from the region, with exchanges in North America getting net inflows of Bitcoin from other areas worldwide. "
Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, "Bitcoin’s cross above $20,000 is its second major milestone in recent weeks — the coin at the end of November reached a new high three years after setting a prior peak. ", "Bitcoin has surged despite a severe crash in March that saw it lose 25% amid the coronavirus pandemic. "
Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, ""Having a product that can be bought directly — it can be bought through their financial adviser on behalf of them — it just makes their life a lot simpler than having to address their desire for Bitcoin via different structures and wallets," MacAlpine said in an interview.", "The New York-based firm will also execute all Bitcoin trading on behalf of the fund. "
Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, "Peters was wary of triggering a spike in the prices of Bitcoin or Ether. ", "Ruffer on Tuesday disclosed a 2.5% position in Bitcoin in one of its funds, describing it as "a small but potent insurance policy against the continuing devaluation of the world’s major currencies.""
Bitcoin tops $20,000 for first time. According to The Wall Street Journal on Wed Dec 16, "Bitcoin surged above $20,000 on Wednesday for the first time in its 11-year history, part of a furious rally that has seen the digital currency double since September."
Bitcoin price surges to fresh record above $20,000. According to MarketWatch on Wed Dec 16, "Bitcoin prices were trading at $20,339 according to CoinDesk data, up nearly 5% on the session, with gains for the digital asset supported by a flood of institutional investor attention on cryptos like bitcoin and other virtual currencies."
All aboard the billionaires’ Bitcoin bandwagon?. According to Bloomberg Quint on Wed Dec 16, "But before you race to open a digital wallet, look back to what happened to Bitcoin last time it approached these levels. ", "While Bitcoin is great as a billionaire’s speculative plaything, it’s hardly auseful digital currency or safe haven investment for the average punter. "
Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, "Unlike 2017, the Google searches for Bitcoin have been unremarkable, and the speculation levels (as seen by leveraged foreign retail markets) have been quite low. ", "These people are holding for the long term, and their faith helps to prevent Bitcoin falling to zero in its frequent crashes. "
Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, "Bitcoin’s scarcity combined with "rampant money printing" by the Federal Reserve mean the digital token should eventually climb to about $400,000, Minerd, the firm’s chief investment officer, said in an interview. ", "It’s a similar argument to what’s often offered by some of Bitcoin’s most prominent backers, including famed investor Paul Tudor Jones, who said earlier this year he’s been buying Bitcoin as a hedge against what he expects will be faster inflation after years of muted consumer-price increases. "
Bitcoin extends record-setting rally, surpassing $21,800. According to Bloomberg Quint on Thu Dec 17, "Bitcoin extended a record-breaking rally, taking the world’s largest cryptocurrency past $21,800 for the first time.", "Bitcoin has more than tripled this year, a surge that’s polarized opinion. "
Bitcoin tops $22,000 and strategists say rally has further to go. According to Bloomberg Quint on Thu Dec 17, "If Bitcoin sustains its momentum, then "testing $36,000 will be the next real objective," said Dan Gunsberg, CEO of Hxro, a crypto trading platform. ", "Here’s what people in markets are saying about Bitcoin’s move:"
Bitcoin hits new all-time high above $23,000, extending its wild 2020 rally. According to CNBC on Thu Dec 17, "Bitcoin hit a fresh record high above $23,000 on Thursday, extending a wild rally for the cryptocurrency that has seen it more than triple in value this year.", "Bitcoin’s 2020 performance has reminded many market watchers of its frenzied rally to nearly $20,000 in 2017, which was followed by a sharp pullback the following year. "
Quants ride into crypto wild west in the 500% Bitcoin comeback. According to Bloomberg Quint on Thu Dec 17, "Today, the founder of $820 million Florin Court Capital trades in some 350 alternative markets — and none have felt as wild, lucrative or cutting-edge as Bitcoin. ", "Cambrian Asset Management, whose executives hail from the likes of Millennium Management and Winton Capital, is also hoping some downside protection will help the firm lure Bitcoin-curious family offices and institutions."
Bitcoin is up 200% this year. investment pros say the price could reach $400,000. According to MarketWatch on Thu Dec 17,
Bitcoin exchange coinbase files for initial public offering. According to The Wall Street Journal on Thu Dec 17,
Popular crypto exchange coinbase files confidentially to take itself public as Bitcoin price soars to record above $23,000. According to MarketWatch on Thu Dec 17,
Largest U.S. cryptocurrency exchange coinbase files for IPO as Bitcoin soars past $23,000. According to CNBC on Thu Dec 17, "Bitcoin has garnered much attention from investors lately, and Paul Tudor Jones and Stanley Druckenmiller are among those who have come out in favor of the cryptocurrency. "