Litecoin On Bearish Momentum: 4.92% Down In The Last 6 Hours

Fibo Quantum

Litecoin is currently on bearish momentum. At 12:03 EST on Tuesday, 29 December, Litecoin is at $122.48 and down by 4.92% in the last 6 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $128.50 and the lower value was $122.48.

Over the last twelve hours, Litecoin’s higher value was $128.62 and the lower value was $122.48.

Concerning Litecoin’s daily highs, it’s 7.618% down from its trailing 24-hour high of $132.58

About Litecoin’s yearly highs and lows, it’s 378.999% up from its 52-week low and 11.452% down from its 52-week high.

Volatility

Litecoin’s last day, last week, and last month’s average volatility was 1.98%, 3.20%, and 2.04%, respectively.

Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 7.18%, 13.46%, and 11.12%, respectively.

News about Bitcoin

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sunday, 27 December, “”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 current market dynamics give big miners alternatives to places where Bitcoin are usually created such as China, Kazakhstan and Canada.”

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sunday, 27 December, “”What’s happening now — and it’s happening faster than anyone could ever imagine — is that Bitcoin is moving from a fringe esoteric asset to the mainstream,” said Matt Hougan, chief investment officer of Bitwise Asset Management. “, “Clayton’s exit from the regulator is welcome news for crypto fans who saw him take a hard line over the years, suing to halt initial coin offerings, rejecting applications for Bitcoin exchange-traded funds and launching a last-minute lawsuit against Ripple Labs Inc. Gensler, who served as a Commodity Futures Trading Commission chairman during the Obama administration, is a senior advisor to the MIT Media Lab Digital Currency Initiative and teaches about blockchain technology and digital currencies.”

Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Monday, 28 December, “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. “

Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Monday, 28 December, “Others question Bitcoin’s validity as an investment and point to the digital currency’s history of wild rallies followed by crashes.”, “Edward Moya, senior market analyst at Oanda, says demand for Bitcoin is “relentless.””

Bitcoin mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Monday, 28 December, “Marathon’s gains come as the company announced its purchasing 70,000 bitcoin mining rigs called Antminers from Bitmain for $170 million. “, “The company anticipates this addition will increase the cost efficiency of bitcoin mining, and keep the Riot competitive as the available supply of mining hardwire becomes increasingly scarce.”

Bitcoin rally likely to peak out in coming weeks, says technical analyst. According to Business Insider on Tuesday, 29 December, “Grayscale Bitcoin Trust (OTC:GBTC) and Grayscale Ethereum Trust (OTC:ETHE) closed 11.33% and 4.32% higher at $30.45 and $16.90 on Monday, respectively.”, “Bitcoin(BTC) rally seems headed for abreather in early January, as per Newton Advisors President Mark Newton.”

Bitcoin looks to gain traction in payments. According to The Wall Street Journal on Tuesday, 29 December, “Companies like Robinhood Markets Inc. and PayPal Holdings Inc. allowed their customers to buy and sell bitcoin.”, “The dealership recently sold two high-end sports cars-a 2017 Pagani Huayra Roadster and a2019 Bugatti Chiron-to a customer who paid more than $6 million in bitcoin, according to owner Nick Dossa, who says about 3% to 5% of the dealership’s revenue comes from bitcoin transactions.”