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Litecoin On Bullish Momentum: 3.78% Up In The Last 6 Hours

ViaNews Editorial Team

December 28, 2020

Litecoin On Bullish Momentum: 3.78% Up In The Last 6 Hours

Litecoin is currently on bullish momentum. At 10:07 EST on Monday, 28 December, Litecoin is at $134.75 and up by 3.78% 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.

Regarding Litecoin's daily highs and lows, it's 7.388% up from its trailing 24-hour low of $125.48 and 0.817% down from its trailing 24-hour high of $135.86.

In relation to Litecoin's yearly highs and lows, it's 426.985% up from its 52-week low and 2.581% 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's market cap could reach $1 trillion sometime in 2021, according to Garrick Hileman, head of research at Blockchain.com, if investors take its reserve currency status more seriously."

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, "The current market dynamics give big miners alternatives to places where Bitcoin are usually created such as China, Kazakhstan and Canada.", ""We have seen a notable up-tick in investor appetite for Bitcoin mining opportunities in Norway," said Tyler Page, a business developer at Bitfury. "

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, "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. ", "But for Bitcoin, 2020 has been a marvelous time."

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 climbed as much as 3.6% on Monday and was trading at about $27,150 as of 1 p.m. in Tokyo. "

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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