Litecoin On Bullish Momentum: 7.44% Up In The Last 6 Hours

Fibo Quantum

Litecoin is currently on bullish momentum. At 22:05 EST on Thu 17 Dec, Litecoin is at $109.31 and up by 7.44% in the last 6 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $109.31 and the lower value was $101.09.

Over the last twelve hours, Litecoin’s higher value was $109.31 and the lower value was $101.09.

Concerning Litecoin’s daily lows, it’s 19.91% up from its trailing 24-hour low of $91.16

Concerning Litecoin’s yearly highs and lows, it’s 327.493% up from its 52-week low and 2.524% down from its 52-week high.

News about Bitcoin

Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, “About 15% of fund managers, with $534 billion under management, surveyed by Bank of America Corp. said Bitcoin is the third-most crowded trade behind being long technology shares and shorting the U.S. dollar. “, “Recent forays into the cryptocurrencies space by Square Inc., MicroStrategy Inc. and Massachusetts Mutual Life Insurance Co. are “laying out the groundwork for how you add Bitcoin to your balance sheet, how you should think about Bitcoin as a substitute for cash,” Ginns said on a webinar hosted by Evercore ISI Tuesday. “

Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, “This “is the start of a new chapter for Bitcoin. “, “”People tend to pile into momentum trades, so Bitcoin could have more upside from here,” said Ed Campbell, portfolio manager and managing director at QMA.”

Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, “Bitcoin has gained popularity as a hedge against U.S. dollar weakness and as investors seek to bolster returns amid rock-bottom interest rates. “, “The New York-based firm will also execute all Bitcoin trading on behalf of the fund. “

Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, “Bitcoin surpassed $20,000 Wednesday to hit a record and has almost tripled in price this year.”, “He described executing his trades as inconspicuously as possible and finishing all the buying in November before Bitcoin hit $16,000.”

Bitcoin tops $20,000 for first time. According to The Wall Street Journal on Wed Dec 16, “Bitcoin surged above $20,000 on Wednesday for the first time in its 11-year history, part of a furious rally that has seen the digital currency double since September.”

Bitcoin price surges to fresh record above $20,000. According to MarketWatch on Wed Dec 16, “Bitcoin prices were trading at $20,339 according to CoinDesk data, up nearly 5% on the session, with gains for the digital asset supported by a flood of institutional investor attention on cryptos like bitcoin and other virtual currencies.”

All aboard the billionaires’ Bitcoin bandwagon?. According to Bloomberg Quint on Wed Dec 16, “None of this bothers the champions of “digital gold,”who push the narrative that Bitcoin serves as some kind of metaphorical mattress under which everyone should stuff rapidly depreciating dollars or euros.”, “Even as payments companies like PayPal Holdings Inc. or Square Inc. strive to bring Bitcoin trading to the masses, very few merchants directly touch the stuff. “

Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, “But Bitcoin is also a speculative asset, unlike gold. “, “Coppola: There’s a small minority of holders who believe Bitcoin will eventually replace the dollar. “

Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, “His comments came on the same day Bitcoin breached $20,000 for the first time, bringing its 2020 gain to 190%.”, “As Bitcoin surges to record highs, Scott Minerd of Guggenheim Investments believes the world’s largest cryptocurrency’s fair value still has a ways to go.”

Bitcoin extends record-setting rally, surpassing $21,800. According to Bloomberg Quint on Thu Dec 17, “Bitcoin extended a record-breaking rally, taking the world’s largest cryptocurrency past $21,800 for the first time.”, “Bitcoin has more than tripled this year, a surge that’s polarized opinion. “

Bitcoin tops $22,000 and strategists say rally has further to go. According to Bloomberg Quint on Thu Dec 17, “”The lowest-ever Bitcoin annual volatility measure versus gold and the stock market near the end of 2020 may sustain the crypto’s performance advantage in 2021,” said Bloomberg Intelligence strategist Mike McGlone in a report. “, “Others see speculative fervor that will inevitably lead to a bust akin to the meltdown three years ago after a furious Bitcoin rally.”

Bitcoin hits new all-time high above $23,000, extending its wild 2020 rally. According to CNBC on Thu Dec 17, “Bitcoin’s 2020 performance has reminded many market watchers of its frenzied rally to nearly $20,000 in 2017, which was followed by a sharp pullback the following year. “, “Bitcoin only just smashed the $20,000 mark on Wednesday.”

Quants ride into crypto wild west in the 500% Bitcoin comeback. According to Bloomberg Quint on Thu Dec 17, “Cambrian Asset Management, whose executives hail from the likes of Millennium Management and Winton Capital, is also hoping some downside protection will help the firm lure Bitcoin-curious family offices and institutions.”, “Fragmented liquidity and a top-to-bottom trading range of more than 500% this year are proving both a friend and foe to exotic quants seeking to exploit the crypto Wild West — without getting killed by Bitcoin’s famous volatility.”

Bitcoin is up 200% this year. investment pros say the price could reach $400,000. According to MarketWatch on Thu Dec 17,

Bitcoin exchange coinbase files for initial public offering. According to The Wall Street Journal on Thu Dec 17,

Popular crypto exchange coinbase files confidentially to take itself public as Bitcoin price soars to record above $23,000. According to MarketWatch on Thu Dec 17,

Largest U.S. cryptocurrency exchange coinbase files for IPO as Bitcoin soars past $23,000. According to CNBC on Thu Dec 17, “Bitcoin has garnered much attention from investors lately, and Paul Tudor Jones and Stanley Druckenmiller are among those who have come out in favor of the cryptocurrency. “