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Litecoin On Bearish Momentum: 4.9% Down In The Last 6 Hours

ViaNews Editorial Team

December 20, 2020

Litecoin On Bearish Momentum: 4.9% Down In The Last 6 Hours

Litecoin is currently on bearish momentum. At 22:03 EST on Sat 19 Dec, Litecoin is at $117.62 and down by 4.9% in the last 6 hours.

Litecoin Range

Over the last six hours, Litecoin's higher value was $123.38 and the lower value was $117.62.

Over the last twelve hours, Litecoin's higher value was $123.38 and the lower value was $117.62.

Regarding Litecoin's daily highs and lows, it's 10.994% up from its trailing 24-hour low of $105.97 and 4.669% down from its trailing 24-hour high of $123.38.

In relation to Litecoin's yearly highs and lows, it's 359.992% up from its 52-week low and 1.507% down from its 52-week high.

News about Bitcoin

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, "Bitcoin and the wider Bloomberg Galaxy Crypto Index have both more than tripled this year. ", "Bitcoin's scarcity combined with "rampant money printing" by the Federal Reserve mean the digital token should eventually climb to about $400,000, Scott Minerd, the chief investment officer at Guggenheim, said on Bloomberg TV on Wednesday."

Bitcoin hits new all-time high above $23,000, extending its wild 2020 rally. According to CNBC on Thu Dec 17, "Bitcoin later pared back its gains slightly, trading over 8% higher at about 22,600 by 6 a.m. ET.", "Bitcoin only just smashed the $20,000 mark on Wednesday."

Quants ride into crypto wild west in the 500% Bitcoin comeback. According to Bloomberg Quint on Thu Dec 17, "When he went all-in on Bitcoin this year, it was based on a judgment call rather than any systematic signals.", "That means going into Bitcoin's 25% slide in March, for example, it was fully hedged. "

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. "

How to invest in Bitcoin: the major ways to buy, their pros and cons, and the strategies to consider. According to Business Insider on Fri Dec 18, "Square does usually charge service and volatility fees for bitcoin transactions (although it doesn't explicitly state what these are on its website), while Swan Bitcoin charges from 0.99% to 2.29% as a percentage of the weekly amount saved.", "Bitcoin is possibly the most fashionable investment of the past decade. "

The CIO of a new crypto fund that has returned 220% to investors this year explains why Bitcoin topped $20,000 for the first time ever this week - and shares another digital currency set to become.... According to Business Insider on Sat Dec 19, ""The core thesis supporting crypto and Bitcoin is that this is a once-in-a-generation style technological breakthrough that's penetrating multiple multi-trillion-dollar markets," he added. ", "Bitcoin has surged into the stratosphere this year, but it is by no means the best-performing cryptocurrency."

Crypto FOMO makes even a 350% premium on Bitcoin look appealing. According to Bloomberg Quint on Sat Dec 19, "At BITW's 358% premium -- which doesn't just hold Bitcoin -- that sum balloons to $104,424.", "But as Bitcoin's 200% year-to-date rally attracts feverish attention and stokes fears of further missing out on the gains, demand for anything with a crypto wrapper is booming. "

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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