Litecoin On Bullish Momentum: 5.96% Up In The Last 6 Hours

Litecoin is currently on bullish momentum. At 21:03 EST on Tuesday, 2 March, Litecoin is at $183.22 and up by 5.96% in the last 6 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $183.22 and the lower value was $172.82.

Over the last twelve hours, Litecoin’s higher value was $183.22 and the lower value was $172.07.

About Litecoin’s daily lows, it’s 6.48% up from its trailing 24-hour low of $172.07

In relation to Litecoin’s yearly highs and lows, it’s 616.543% up from its 52-week low and 25.508% down from its 52-week high.

Volatility

Litecoin’s last day, last week, and last month’s average volatility was 6.25%, 5.45%, and 5.49%, respectively.

Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 7.56%, 13.71%, and 11.76%, respectively.

Last news about Litecoin

According to FX Empire on Monday, 1 March, “Binance Coin (-6.49%), Chainlink (-5.56%), Ethereum (-2.63%), Litecoin (-3.63%), and Ripple’s XRP (-4.45%) also struggled, however.”, “Chainlink (+9.53%), Ethereum (+8.22%), Litecoin (+27.86%), and Polkadot (+53.66%) trailed the front runners.”

News about Bitcoin

Bitcoin whales are a mixed blessing. According to Bloomberg Quint on Sunday, 28 February, “In the absence of government coercion, Bitcoin nodes support the network’s consensus rules by engaging in economic activity.”, “One wry criticism of Bitcoin is that its userbase resembles the distribution of wealth in North Korea: Just 2% of Bitcoin accounts hold 95% of the cryptocurrency in circulation. “

Bitcoin rises after China region declares war on crypto mining. According to Bloomberg Quint on Monday, 1 March, “The region accounted for 8% of global Bitcoin mining computing power, according to the Bitcoin Electricity Consumption Index compiled by Cambridge University. “

Bitcoin is at a tipping point and could become ‘currency of choice’ for global trade, citi says. According to CNBC on Monday, 1 March, “There are a host of risks and obstacles that stand in the way of Bitcoin progress,” the U.S. investment bank’s global perspectives and solutions team wrote in a note Monday.”, “For institutional investors, these include concerns over capital efficiency, insurance and custody, security, and ESG considerations from Bitcoin mining,” the bank added. “

Bitcoin rises as citi makes the case for a role in global trade. According to Bloomberg Quint on Monday, 1 March, “There are a host of risks and obstacles that stand in the way of Bitcoin progress,” wrote strategists including Kathleen Boyle, the managing editor of Citi GPS. “, “The sheer amount of energy needed to mine Bitcoin and the prospect that governments will create more obstacles for the largest cryptocurrency point to the token losing “most of its value over time,” BCA Research Chief Global Strategist Peter Berezin wrote in the report released Friday.”

Bitcoin rises as Citigroup, goldman find allure hard to resist. According to Bloomberg Quint on Monday, 1 March, “But weighing these potential hurdles against the opportunities leads to the conclusion that Bitcoin is at a tipping point and we could be at the start of massive transformation of cryptocurrency into the mainstream.”, “There are a host of risks and obstacles that stand in the way of Bitcoin progress,” wrote strategists including Kathleen Boyle, the managing editor of Citi GPS. “

Microstrategy raises Bitcoin holdings to more than $4 billion. According to Bloomberg Quint on Monday, 1 March, “MicroStrategy Inc.’s Michael Saylor purchased more Bitcoin to raise the enterprise-software company’s holdings to more than $4 billion.”, “Saylor has been one of a handful of chief executives to put Bitcoin on their balance sheets, saying the relaxation of the Federal Reserve’s inflation policy helped to sour him on cash. “

Cboe says it’s seeking approval to list Bitcoin ETF in U.S.. According to Bloomberg Quint on Tuesday, 2 March, “Last month Canadian securities regulators cleared the launch of the Purpose Bitcoin ETF, making it the first to gain regulatory approval in North America. “, “Cboe Global Markets Inc. is seeking approval to list and trade shares of what could be the first Bitcoin exchange-traded fund in the U.S.”

Bitcoin tips scales in favor of a U.S. ETF. According to Bloomberg Quint on Tuesday, 2 March, “The cryptocurrency’s surging popularity all but guarantees that Bitcoin ETFs will be overrun with investors.”, “Imagine how much more perilous a Bitcoin ETF will seem when the price climbs to $100,000 or more, and how much louder the clamor will be from investors ready to pile into an ETF when it’s finally available.”


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