Litecoin On Bearish Momentum: 12.23% Down In The Last 24 Hours

Litecoin is currently on bearish momentum. At 06:03 EST on Friday, 26 February, Litecoin is at $173.98 and down by 12.23% in the last 24 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $173.98 and the lower value was $165.88.

Over the last twelve hours, Litecoin’s higher value was $179.17 and the lower value was $165.88.

About Litecoin’s daily highs and lows, it’s 4.883% up from its trailing 24-hour low of $165.88 and 14.211% down from its trailing 24-hour high of $202.80.

Concerning Litecoin’s yearly highs and lows, it’s 580.407% up from its 52-week low and 29.265% down from its 52-week high.

Volatility

Litecoin’s last day, last week, and last month’s average volatility was 1.39%, 5.60%, and 5.62%, respectively.

Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 16.31%, 15.84%, and 11.74%, respectively.

News about Bitcoin

According to Business Insider on Tuesday, 23 February, « Bottlepay gained attention previously for allowing users to send small amounts of Bitcoin using social media channels such as Telegram. « , « Launching when Bitcoin is gaining so much interest and publicity can only help increase brand awareness and interest in our product. »

Bitcoin retreats after swings highlighted the risk of volatility. According to Bloomberg Quint on Tuesday, 23 February, « A monthly relative-strength index for Bitcoin is « extremely overbought, » the company’s chief market strategist Matt Maley wrote in a weekend note. », « In recent tweets, Musk said Bitcoin prices « seem high, » having earlier called it a « less dumb » version of cash. »

Bitcoin tumbles below $50,000 as caution about rally takes hold. According to Bloomberg Quint on Tuesday, 23 February, « Gates cautioned about how investors can be swept up in manias, while Yellen said Bitcoin is an « extremely inefficient way of conducting transactions. », « Gates and Yellen muscled in on a Bitcoin discussion that of late had been dominated by Tesla Inc. Chief Executive Officer Elon Musk. « 

Bitcoin needs a safe space for redditors to play. According to Bloomberg Quint on Tuesday, 23 February, « With Bitcoin almost doubling this year to trade well above $50,000 in recent days, regulators are understandably reluctant to be perceived to be legitimizingone of the most volatile securitiesthe world has ever seen. « , « They include the Bitcoin Tracker exchange-traded note listed in Sweden by XBT Provider AB, nowworth about $2 billion, and an exchange-traded commodity issued by HANetf and listed in Germany that just surpassed $1 billion in assets. »

Bitcoin is on the verge of a bear market. should you buy in now?. According to MarketWatch on Tuesday, 23 February, « Read: Bitcoin drops further below key $50,000 level after Yellen calls it ‘extremely inefficient’ »

Bitcoin bet sparks rally at Japan’s most expensive brokerage. According to Bloomberg Quint on Wednesday, 24 February, « Even after a pullback during a sell-off in Bitcoin in recent days, Monex is the most expensive stock on an index of Japanese securities companies, with a price of more than three times the book value of its assets. », « The soaring price of Bitcoin has spurred trading activity and encouraged more individual investors to jump into the fray. »

Bitcoin climbs past $50,000 after backing from ark’s cathie wood. According to Bloomberg Quint on Wednesday, 24 February, « Tesla Inc. Chief Executive Officer Elon Musk in recent tweets said Bitcoin prices « seem high, » having earlier called it a « less dumb » version of cash. « , « Treasury Secretary Janet Yellen said Bitcoin is an « extremely inefficient way of conducting transactions. »

Bitcoin climbs after renewed backing from ark’s cathie wood. According to Bloomberg Quint on Wednesday, 24 February, « Tesla Inc. Chief Executive Officer Elon Musk in recent tweets said Bitcoin prices « seem high, » having earlier called it a « less dumb » version of cash. « , « Treasury Secretary Janet Yellen said Bitcoin is an « extremely inefficient way of conducting transactions. »

According to CNBC on Wednesday, 24 February, « However, Bitcoin is still up more than 70% year-to-date and over 400% in the last 12 months. »

JPMorgan says investors could make Bitcoin 1% of portfolios. According to Bloomberg Quint on Thursday, 25 February, « JPMorgan Chase & Co. is the latest Wall Street firm floating the idea of investors using Bitcoin as a way to diversify their portfolios. », « Through the insatiable buy-side pressure from exchange-traded fund issuers, close-ended funds and large public corporations adding Bitcoin to their positions, demand is massively outstripping supply, » said Annabelle Huang, partner at Amber Group. »

Wood says Bitcoin has trillions in market cap potential. According to Bloomberg Quint on Thursday, 25 February, « Wood also discussed the prospects for a Bitcoin exchange-traded fund approval in the U.S., especially if Gary Gensler is confirmed as chairman of the Securities and Exchange Commission. », « When you think the market cap of Bitcoin is roughly $950 billion, think about that in the context of an Apple, » she said. « 

According to Business Insider on Thursday, 25 February, « Since holders of Bitcoin and single name stocks have the same risk preference around macro shocks such as in interest rates, there is a risk of simultaneous deleveraging in both of these assets. »

Bitcoin rally sends 3 signals to governments. According to Bloomberg Quint on Thursday, 25 February, « What is happening to the price of Bitcoin is indicative of broader developments that are relevant to the design and effectiveness of policies. », « It also has important messages for governments and central banks, particularly in Europe and the United States, where several officials have warned about the Bitcoin phenomenon. »

Biggest Bitcoin fund sinks to a discount as traders flee. According to Bloomberg Quint on Thursday, 25 February, « The world’s biggest Bitcoin fund is selling off faster than the cryptocurrency itself. », « It’s almost like the price of GBTC is an amplified version of Bitcoin price. »

Bitcoin heads for worst weekly slide in a year amid risk selloff. According to Bloomberg Quint on Friday, 26 February, « While Bitcoin is often touted as the new « digital gold, » the yellow metal is winning out at the moment with spot gold holding at $1,768 per ounce, down less than 1% for the week. « , « The trust has slumped 20% this week, with losses at one point racing past its underlying asset, as a once-massive price premium over Bitcoin has evaporated as investors cashed in on those gains, he said. »