Litecoin On Bullish Momentum: 10.13% Up In The Last 24 Hours

Litecoin is currently on bullish momentum. At 08:05 EST on Saturday, 13 March, Litecoin is at $225.38 and up by 10.13% in the last 24 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $225.38 and the lower value was $219.77.

Over the last twelve hours, Litecoin’s higher value was $225.38 and the lower value was $215.59.

Regarding Litecoin’s daily lows, it’s 10.135% up from its trailing 24-hour low of $204.64

Concerning Litecoin’s yearly highs and lows, it’s 636.295% up from its 52-week low and 8.367% down from its 52-week high.

Volatility

Litecoin’s last day, last week, and last month’s average volatility was 9.73%, 3.40%, and 4.71%, respectively.

Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 12.40%, 7.51%, and 11.12%, respectively.

Last news about Litecoin

According to FX Empire on Friday, 12 March, “Bitcoin Cash SV (+0.04%), Chainlink (+0.81%), Ethereum (+1.75%), and Litecoin (+0.57%) saw relatively modest gains on the day.”, “Binance Coin (-1.04%), Cardano’s ADA (-0.18%), Litecoin (-0.02%), and Ripple’s XRP (-0.59%) also joined Bitcoin in the red.”

News about Bitcoin

Bitcoin breaks through $55,000 as risk appetite revives. According to Bloomberg Quint on Wednesday, 10 March, “Growing talk of institutional interest in Bitcoin and the possibility that U.S. stimulus checks will bolster flows into financial markets are combining to lift cryptocurrencies. “, “In China, a lot of high net worth individuals have been inquiring on how to add Bitcoin to their portfolio.”

‘slam dunk’ Bitcoin arbitrage fizzles for biggest crypto fund. According to Bloomberg Quint on Wednesday, 10 March, “Ark Investment Management, helmed by longtime Bitcoin bull Cathie Wood, is the fourth-largest holder of the trust. “, “And for those investors looking for Bitcoin exposure outside of signing up for a crypto exchange or setting up a digital wallet, GBTC — which can be bought and sold on brokerage platforms — provides an easy solution. “

Firm behind biggest Bitcoin trust is hiring entire ETF team. According to Bloomberg Quint on Thursday, 11 March, “There’s more competition in the marketplace and in markets outside the U.S., in particular Canada,” and that’s “causing folks to think an ETF approval in the U.S. might be likely,” said Zac Prince, co-founder and chief executive officer of BlockFi, which is one of the largest holders of the Grayscale Bitcoin Trust (GBTC). “, “The race to launch the first Bitcoin ETF is heating up,” said Todd Rosenbluth, director of ETF research for CFRA Research. “

Bitcoin approaches record high as risk-on rally accelerates. According to Bloomberg Quint on Thursday, 11 March, “Industry participants, however, argue that the rise of institutional adoption will prevent that fate, especially Tesla Inc.’s $1.5 billion investment in Bitcoin and CEO Elon Musk’s endorsements of the digital asset on social media. “, “Billionaire investor Mike Novogratz, who runs Galaxy Digital Holdings Ltd., has said that Bitcoin could reach $100,000 by the end of the year.”

Bitcoin intraday trading pattern emerges as institutions pile in. According to Bloomberg Quint on Friday, 12 March, “There are signs of growing institutional interest in Bitcoin after famed investors like Paul Tudor Jones, Stan Druckenmiller and Howard Marks endorsed the digital asset, and as the idea that portfolios can benefit from a crypto allocation gains traction.”, “Microstrategy Inc., of course, is the company led by Michael Saylor that’s converting its cash into Bitcoin and now holds more than $4 billion of it. “

Bitcoin hoard fuels one of the world’s biggest crypto fortunes. According to Bloomberg Quint on Friday, 12 March, “He’s become something of a global Bitcoin ambassador in recent months, appearing regularly on crypto podcasts and YouTube shows advocating for digital-asset investments.”, “That is the environment that led us to decide we should consider Bitcoin as a treasury reserve asset.”

Bitcoin snaps five-day rally after flirting with record high. According to Bloomberg Quint on Friday, 12 March, “While some say that Bitcoin is a stimulus-fueled bubble likely to burst, industry participants argue that institutional adoption will prevent Bitcoin from plummeting from its highs as was witnessed in 2017-2018.”


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