Litecoin On Bullish Momentum: 8.47% Up In The Last 24 Hours

Fibo Quantum

Litecoin is currently on bullish momentum. At 19:05 EST on Friday, 22 January, Litecoin is at $137.27 and up by 8.47% in the last 24 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $140.12 and the lower value was $136.84.

Over the last twelve hours, Litecoin’s higher value was $140.12 and the lower value was $136.84.

In relation to Litecoin’s daily highs and lows, it’s 8.471% up from its trailing 24-hour low of $126.55 and 2.034% down from its trailing 24-hour high of $140.12.

About Litecoin’s yearly highs and lows, it’s 0% down from its 52-week low and 0% down from its 52-week high.

Volatility

Litecoin’s last day, last week, and last month’s average volatility was a negative 15.22%, a negative 2.37%, and a positive 0.39%, respectively.

Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 18.78%, 12.24%, and 13.64%, respectively.

News about Bitcoin

Bitcoin surge built on market exUberance, momentum trading. According to Bloomberg Quint on Wednesday, 20 January, “Since October 2020 — the starting point of the latest Bitcoin cycle — about 60% of returns can be explained by exuberance in the wider market and momentum trading, according to Bloomberg Economics’ structural empirical model which exploits the co-movement of prices for Bitcoin and other assets to determine what factors are driving the ups and downs of the digital currency. “

Bitcoin slides below $35,000 as crypto mania loses momentum. According to Bloomberg Quint on Wednesday, 20 January, “The Bitcoin fever is starting to break as worries about a market bubble discourages investors from buying in.”, “Many cryptocurrency traders are diversifying into other coins in fear that Bitcoin could see another collapse if $41,500 is not reached sometime soon,” said Edward Moya, senior market analyst at Oanda Corp.”

We spoke to crypto platform gemini, which is backed by the winklevoss twins, about Bitcoin, how to use stable coins and why regulation won’t kill the boom in digital currencies. According to Business Insider on Wednesday, 20 January, “Above-ground gold is valued – conservatively – at around $9 trillion, meaning if the twins are right about “using a gold framework to value Bitcoin, and Bitcoin continues on this path, then the bull case scenario for Bitcoin is that it is undervalued by a multiple of 45,” they said.”, “The Winklevoss twins have famously said they see a case for Bitcoin hitting $500,000, on the grounds that it is set to become the classic inflation hedge, taking the mantle from gold.”

Bitcoin sinks below $34,000 as sell-off cuts into early-January momentum. According to Business Insider on Wednesday, 20 January, “Flows into the Grayscale Bitcoin Trust and futures contracts can serve as early indicators of whether such support can be reached, he added.”, “The software CEO-turned Bitcoin whale explains why he is making such a massive bet on the digital asset.”

BlackRock files to add Bitcoin futures to two of its funds. According to Bloomberg Quint on Wednesday, 20 January, “BlackRock Inc. is adding cash-settled Bitcoin futures as an eligible investment to two funds, according to regulatory filings.”, “The world’s largest asset manager filed updated prospectuses for two funds on Wednesday with the U.S. Securities and Exchange Commission that included cash-settled Bitcoin futures among the assets they can buy.”

Bitcoin falters for a second day, slides below technical level. According to Bloomberg Quint on Thursday, 21 January, “That drop did, however, precede a seven-week run that helped propel Bitcoin into its current bull rally.”

Bitcoin losses gather pace, with prices nearing three-week low. According to Bloomberg Quint on Thursday, 21 January, “On Wednesday, BlackRock Inc. filed paperwork to add Bitcoin futures as an eligible investment in two funds, the first time the money manager is offering clients exposure to cryptocurrency.”

It looks like wall street is running Bitcoin, at least for now. According to Bloomberg Quint on Thursday, 21 January, “Whether the inflation that Bitcoin investors worry about will materialize is a big question-consumer price increases have been muted for years, despite more than a decade of rock-bottom interest rates. “, “(The idea is that Bitcoin could be inflation-proof, because it’s designed to have a limited supply.) “

Bitcoin is no market hedge, JPMorgan strategists say. According to Bloomberg Quint on Thursday, 21 January, “JPMorgan Chase & Co. cross-asset strategists have bad news for anyone on Wall Street betting that Bitcoin is the hottest way to diversify portfolios in a world short on hedges but big on valuation risk.”, “The trajectory of Bitcoin so far has been unlike anything that Wall Street has seen, and the debate is heating up among professional investors. “

Bitcoin plunge has newbies scrambling to google double-spend. According to Bloomberg Quint on Thursday, 21 January, “In the case of the blockchain — or the software that underlies Bitcoin and other cryptocurrencies — the transaction in question would be excluded from the final tally on the digital ledger.”, “Instead of bank software handling electronic transfers, Bitcoin is transacted on a blockchain — basically a spreadsheet that logs when coins move and to where. “

Mercado Bitcoin receives contribution led by GP investimentos and parallax ventures who will invest BRL 200 million in 2021. According to Business Insider on Thursday, 21 January, “Last year, Mercado Bitcoin also doubled in size, going from 100 people on the team to more than 200 people, and launched the world’s first token linked to soccer, the Vasco Token. “, “Our long-term purpose is to participate in the construction of a new infrastructure for the financial market (IMF), based on blockchain, smartcontracts and crypto assets”, explains Reinaldo Rabelo, CEO of Mercado Bitcoin .”

Bitcoin drops close to $30,000 mark as head-turning rally stalls. According to Bloomberg Quint on Thursday, 21 January, “The crypto boom has proved controversial, cheered on the one hand by believers who see Bitcoin becoming a more mainstream investment, but decried by others that see little more than speculative mania.”, “Grayscale Investments, which is behind a popular Bitcoin trust, saw total inflows of more than $3 billion across its products in the fourth quarter. “

Bitcoin drops below $30,000 level as head-turning rally stalls. According to Bloomberg Quint on Thursday, 21 January, “Just this week, BlackRock Inc. dipped its toe into the crypto universe for the first time, saying cash-settled Bitcoin futures are among assets that two funds were permitted to buy.”, “The crypto boom has proved controversial, cheered on the one hand by believers who see Bitcoin becoming a more mainstream investment, but decried by others that see little more than speculative mania.”

Why this analyst is cautioning Bitcoin investors to have A ‘very strong stomach’ amid plunge. According to Business Insider on Friday, 22 January, “Price Action: Bitcoin traded 11.3% lower at $30,712.41 at press time on Thursday.”, “Why It Matters: Bitcoin has seen a major correction in the last two weeks after a dizzying rally that started in July last year saw it cross $40,000 from trading below the $10,000 level.”