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Litecoin On Bullish Momentum: 3.44% Up In The Last 6 Hours

Via News Editorial Team

December 28, 2020

Litecoin On Bullish Momentum: 3.44% Up In The Last 6 Hours

Litecoin is currently on bullish momentum. At 09:06 EST on Monday, 28 December, Litecoin is at $135.15 and up by 3.44% in the last 6 hours.

Litecoin Range

Over the last six hours, Litecoin's higher value was $135.27 and the lower value was $129.84.

Over the last twelve hours, Litecoin's higher value was $135.27 and the lower value was $127.71.

In relation to Litecoin's daily highs and lows, it's 7.706% up from its trailing 24-hour low of $125.48 and 1.141% down from its trailing 24-hour high of $136.71.

Concerning Litecoin's yearly highs and lows, it's 428.549% up from its 52-week low and 2.292% down from its 52-week high.

Volatility

Litecoin's last day and last week average volatility is a negative 1.52% and a positive 7.70%, respectively. Litecoin's high and low amplitude percentage in the last week was 14.35%.

News about Bitcoin

Bitcoin surges to fresh record high and looks set to break the $25,000 level: 'merry bitmas'. According to Business Insider on Fri Dec 25, "Known as the leading cryptocurrency, Bitcoin has been a surprise success during the pandemic, quickly becoming a competitor to gold in some portfolios.", "Bitcoin has a current market cap of about $350 billion, while that of gold's stands at roughly $10 trillion."

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, ""There is a very important strategic shift away from mining in China to mining in western countries like Sweden as Bitcoin investors become more public and want more stability and critical safety," said Salter at Genesis. ", "The resulting glut in the most important raw material for making the virtual coins coincided with a year when the price of Bitcoin tripled."

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, "While none of those reasons for buying Bitcoin comport with its origins as an alternative to fiat currencies, they do point to a growing acceptance of crypto as an asset class of its own. ", "But with Bitcoin capturing greater attention, it could also garner further scrutiny from regulators, says Guy Hirsch, managing director for the U.S. at online-trading platform eToro. "

Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Mon Dec 28, "Others question Bitcoin's validity as an investment and point to the digital currency's history of wild rallies followed by crashes.", "Bitcoin has divided opinion as its price more than tripled in 2020 amid a worsening pandemic. "