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Litecoin On Bearish Momentum: 9.2% Down In The Last 12 Hours

ViaNews Editorial Team

December 21, 2020

Litecoin On Bearish Momentum: 9.2% Down In The Last 12 Hours

Litecoin is currently on bearish momentum. At 11:03 EST on Mon 21 Dec, Litecoin is at $107.25 and down by 9.2% in the last 12 hours.

Litecoin Range

Over the last six hours, Litecoin's higher value was $109.49 and the lower value was $103.95.

Over the last twelve hours, Litecoin's higher value was $117.12 and the lower value was $103.95.

Concerning Litecoin's daily highs and lows, it's 3.175% up from its trailing 24-hour low of $103.95 and 9.049% down from its trailing 24-hour high of $117.92.

In relation to Litecoin's yearly highs and lows, it's 319.437% up from its 52-week low and 13.34% down from its 52-week high.

News about Bitcoin

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, "Bitcoin taxes can be triggered by trading, exchanging, or simply spending the cryptocurrency (if it's increased in value since you bought it). ", "Besides the Grayscale Bitcoin Trust (which is by far the largest), other bitcoin trusts or funds include:"

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's 212% rally this year is driven by all types of new investors who had never invested in bitcoin but are now jumping on the bandwagon, Hougan said."

Crypto FOMO makes even a 350% premium on Bitcoin look appealing. According to Bloomberg Quint on Sat Dec 19, ""That's not to say advisors can't learn how to use crypto apps or Cash App, but if you want to get Bitcoin in existing legacy financial systems -- where almost all the money is -- you need something that works in that system."", ""It's absolutely mind-boggling that regulators allow retail investors to access these products, but won't allow a Bitcoin ETF which would easily solve the premium issue.""

Elon Musk inquired on twitter about 'large' Bitcoin transactions after a crypto booster suggested he convert Tesla's balance sheet. According to Business Insider on Mon Dec 21, "Before the exchange with Saylor, he tweeted "Bitcoin is my safe word," but then followed up by saying, "Just kidding, who needs a safe word anyway!?"", "Following the Saylor conversation, Musk tweeted: "Bitcoin is almost as bs as fiat money," and then suggested to his followers he's a fan of Dogecoin, a parody cryptocurrency."

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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