Litecoin is currently on bullish momentum. At 04:03 EST on Tuesday, 19 January, Litecoin is at $163.16 and up by 9.38% in the last 12 hours.
Over the last six hours, Litecoin’s higher value was $164.37 and the lower value was $156.54.
Over the last twelve hours, Litecoin’s higher value was $164.37 and the lower value was $149.17.
In relation to Litecoin’s daily highs and lows, it’s 15.503% up from its trailing 24-hour low of $141.26 and 0.736% down from its trailing 24-hour high of $164.37.
About Litecoin’s yearly highs and lows, it’s 538.092% up from its 52-week low and 12.176% down from its 52-week high.
Litecoin’s last day, last week, and last month’s average volatility was 6.82%, 1.35%, and 0.74%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 11.32%, 11.91%, and 13.67%, respectively.
News about Bitcoin
Bitcoin retreats from $40,000 level strategists view as key. According to Bloomberg Quint on Monday, 18 January, "The pattern of demand for Bitcoin futures and the $22.9 billion Grayscale Bitcoin Trust will help determine the outlook, they added.", "The flow into the Grayscale Bitcoin Trust would likely need to sustain its $100 million per day pace over the coming days and weeks for such a breakout to occur," the strategists wrote in a note on Friday."
A record $3.7 billion in Bitcoin options are set to expire on January 29 as interest in cryptocurrencies surges. According to Business Insider on Monday, 18 January, "Analysts at JPMorgan last week said Bitcoin may need to break past $40,000 mark again in the near future if the price is to rise further. ", "Germany’s BTCetc Bitcoin Exchange Traded Crypto has seen trading volumes of more than €50 million ($60 million) per day on average so far this year according to Deutsche Boerse. "
Coinshares is starting an exchange-traded Bitcoin product. According to Bloomberg Quint on Monday, 18 January, "The CoinShares Physical Bitcoin product will go live on Jan. 19 and be listed under the ticker BITC on the SIX Swiss Exchange. ", "It launched a regulated Bitcoin investment vehicle in 2015, when the coin traded around $400."
JPMorgan sees Bitcoin crossing $40k again in coming weeks, if this key condition is met. According to Business Insider on Tuesday, 19 January, "The investors who tend to follow market trends "could propagate the past week’s correction" and "momentum signals will naturally decay from here up till the end of March" if Bitcoin does not cross the $40,000 mark in the coming weeks, the analysts reportedly said.", "Read Next: Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine"