Litecoin On Bearish Momentum: 8.07% Down In The Last 12 Hours

Litecoin is currently on bearish momentum. At 12:04 EST on Monday, 15 March, Litecoin is at $202.03 and down by 8.07% in the last 12 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $206.47 and the lower value was $202.03.

Over the last twelve hours, Litecoin’s higher value was $218.34 and the lower value was $202.03.

Regarding Litecoin’s daily highs, it’s 8.177% down from its trailing 24-hour high of $220.02

Concerning Litecoin’s yearly highs and lows, it’s 560.013% up from its 52-week low and 17.861% down from its 52-week high.


Litecoin’s last day, last week, and last month’s average volatility was 5.24%, 3.74%, and 4.70%, respectively.

Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 5.82%, 7.93%, and 10.86%, 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.”

According to FX Empire on Monday, 15 March, “Bitcoin Cash SV slid by 8.90% to lead the way down, with Litecoin ending the day down by 5.30%.”, “ Coin jumped by 18.13% to lead the way, with Litecoin rallying by 12.20%.”

News about Bitcoin

Bitcoin intraday trading pattern emerges as institutions pile in. According to Bloomberg Quint on Friday, 12 March, “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. “, “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.”

Bitcoin hoard fuels one of the world’s biggest crypto fortunes. According to Bloomberg Quint on Friday, 12 March, “Still, few have gone as far as MicroStrategy Inc. Eight months after its first investment, the software firm has a Bitcoin holding worth more than $5 billion.”, “Saylor equated Bitcoin to a bank – that’s just ridiculous,” said Marc Lichtenfeld, chief income strategist at the Oxford Club, a financial-research firm that has no stake in MicroStrategy. “

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.”

According to Business Insider on Sunday, 14 March, “Canada’s Purpose Bitcoin ETF, the first to launch, had 913 million Canadian dollars ($731 million) under management on 11 March.”, “Guggenheim disclosed in an SEC filing that its Macro Opportunities Fund held the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust.”

Bitcoin dips from record after scaling $61,000 aided by stimulus. According to Bloomberg Quint on Monday, 15 March, “For instance, the correlation coefficient between Bitcoin and an equal-weighted basket of five stocks which have announced investments in the digital currency — Tesla Inc., MicroStrategy Inc., Square Inc., Meitu Inc. and Aker ASA — has surged to an average of 0.72 this year from 0.26 in 2020.”, “Crypto has seen “some good flow, with traders front running U.S. stimulus checks,” Chris Weston, head of research at Pepperstone Group Ltd., wrote in a note, adding Bitcoin needs to stay above the previous high of just over $58,000 to bolster confidence in a “new bull leg.”

According to Business Insider on Monday, 15 March, “If doubt about monetary policy, unchecked money printing and continually rising inflation continues to worry both retail and institutional investors, then they will seek alternatives that provide safety, which Bitcoin provides in a unique digital format,” Nazarov said.”

Retail Bitcoin traders rival wall street buyers as mania builds. According to Bloomberg Quint on Monday, 15 March, “The cryptocurrency market’s little guys are going toe-to-toe with the big banks as Bitcoin continues to surge to new highs, data compiled by JPMorgan Chase & Co. suggest.”, “For many retail cryptocurrency traders, Bitcoin was the bread-and-butter trade of the pandemic. “

Be the first to comment

Leave a Reply

Your email address will not be published.