Litecoin On Bullish Momentum: 9.39% Up In The Last 12 Hours

 Litecoin On Bullish Momentum: 9.39% Up In The Last 12 Hours


Litecoin is currently on bullish momentum. At 03:03 EST on Wednesday, 10 February, Litecoin is at $191.89 and up by 9.39% in the last 12 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $191.89 and the lower value was $186.81.

Over the last twelve hours, Litecoin’s higher value was $191.89 and the lower value was $175.42.

Concerning Litecoin’s daily lows, it’s 16.198% up from its trailing 24-hour low of $165.14

Concerning Litecoin’s yearly highs and lows, it’s 650.45% up from its 52-week low and 0.668% down from its 52-week high.

Volatility

Litecoin’s last day, last week, and last month’s average volatility was 8.90%, 6.60%, and 5.62%, respectively.

Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 11.51%, 10.10%, and 11.57%, respectively.

Last news about Litecoin

According to FX Empire on Monday, 8 February, “Ethereum (-3.84%), and Litecoin (-3.22%), Polkadot (-2.16%), and Ripple’s XRP (-5.48%) also saw relatively heavy losses.”

According to FX Empire on Wednesday, 10 February, “Bitcoin Cash SV (+13.22%), Chainlink (+8.61%), and Litecoin (+8.54%) trailed in spite of strong rallies.”, “Chainlink and Litecoin were down by 0.54% and by 0.80% to buck the trend early on.”

News about Bitcoin

Bill miller to allow opportunity fund to buy into Bitcoin trust. According to Bloomberg Quint on Monday, 8 February, “The Miller Opportunity Trust may invest in the Grayscale Bitcoin Trust, a vehicle institutions use for Bitcoin exposure, a filing with the U.S. Securities and Exchange Commission shows. “, “The Friday filing pointed out that currently “there is relatively small use of Bitcoin in the retail and commercial marketplace in comparison to the relatively large use of Bitcoin by speculators,” leading to price volatility.”

Bitcoin finds new momentum with prices approaching $40,000. According to Bloomberg Quint on Monday, 8 February, “After a brief dip this month, Bitcoin is climbing once again as enthusiasts tout the digital asset as a hedge against inflation and store of value in a world awash with stimulus and rampant central-bank money printing.”, “This suggests that Bitcoin available to buy remains scarce despite record prices,” wrote Philip Gradwell, chief economist at the blockchain research firm.”

Bitcoin surges above $42,000 after Tesla discloses investment. According to Bloomberg Quint on Monday, 8 February, “If retail and institutional interest continues to grow over the next month, Bitcoin could target the $45,000 level,” said Edward Moya, a senior market analyst at forex broker Oanda Corp.”

Tesla bets big on Bitcoin, plans to accept cryptocurrency. According to Bloomberg Quint on Monday, 8 February, “The Palo Alto, California-based manufacturer said in a filing Monday it made the bet on Bitcoin after updating its investment policy last month to allow the company to invest in digital assets as well as gold bullion and gold exchange-traded funds.”, “Musk has often tweeted about cryptocurrency-related topics and earlier this month called Bitcoin “a good thing” in an interview. “

Tesla trails only microstrategy in treasury Bitcoin allocation. According to Bloomberg Quint on Monday, 8 February, “Tesla Inc.’s announcement that it invested $1.5 billion in Bitcoin has made the electric automaker the second largest publicly-traded corporate holder of the digital currency, according to data from bitcointreasuries.org.”, “No other publicly-traded corporation tracked by the website holds more than $720 million of Bitcoin in its coffers.”

Crypto stocks rally with Tesla pushing Bitcoin above $44,000. According to Bloomberg Quint on Monday, 8 February, “which is led by Bitcoin advocate Jack Dorsey and which put $50 million in Bitcoin on a crypto “empowerment bet” in October, gained as much as 9.9% to a fresh record.”

Apple should create crypto exchange and buy Bitcoin, says RBC. According to Bloomberg Quint on Monday, 8 February, “That helped send Bitcoin prices up as much as 16%, cresting $44,000 and hitting a record.”, “RBC’s comments come at a time when companies have been showing more interest in Bitcoin and other cryptocurrencies. “

Crypto comes to S&P 500 via Tesla’s $1.5 billion Bitcoin bet. According to Bloomberg Quint on Monday, 8 February, “Founder Elon Musk opened a new chapter in the saga of his electric-vehicle maker with a disclosure Monday that Tesla invested $1.5 billion in Bitcoin and intends to begin accepting the cryptocurrency as a form of payment. “, “While Tesla’s Bitcoin purchase indirectly exposes S&P 500 investors to crypto, at least one knowledgeable observer doubts it would’ve kept the carmaker out of the storied index.”

Miami Mayor who backs Bitcoin wants city to hold crypto assets. According to Bloomberg Quint on Monday, 8 February, “Miami Mayor Francis Suarez said he is working on a resolution to add Bitcoin to the city’s balance sheet.”, “Suarez has been vocal about how the the city should allow certain types of Bitcoin transactions and invest in the cryptocurrency, and this resolution would mark the first concrete step. “

Novogratz sees Bitcoin at $100,000, ‘every’ company adopting. According to Bloomberg Quint on Monday, 8 February, “Michael Novogratz, the founder of cryptocurrency investment firm Galaxy Digital, sees Bitcoin more than doubling to $100,000 by the end of the year, spurred higher as more companies allow customers to use the token to make purchases.”, “Between corporations adding Bitcoin to treasury funds and the city of Miami also considering adding the cryptocurrency to its balance sheet, “It doesn’t have to be a lot. “

Bitcoin is the scarcest asset, microstrategy CEO saylor says. According to Bloomberg Quint on Monday, 8 February, “Gold will lose out to Bitcoin in reallocations, Saylor added.”If we bought gold instead of Bitcoin, we would be down $2 billion. “, “He also inquired about converting “large transactions” on Tesla’s balance sheet into Bitcoin in a Twitter exchange with Saylor. “

Bitcoin surges past $47,000 for first time after Tesla purchase. According to Bloomberg Quint on Tuesday, 9 February, “A rally was also evident in Bitcoin futures, suggesting shorts are throwing in the towel and signaling traders won’t fight the crypto advance. “

Tesla boots the Bitcoin bandwagon closer to corporate america. According to Bloomberg Quint on Tuesday, 9 February, “Some sectors may warm to Bitcoin more quickly than others, with tech firms and financial companies likely to be more disposed to the idea of digital currencies, according to Fundstrat.”, “Tesla Inc.’s purchase of $1.5 billion in Bitcoin may have forced cryptocurrencies onto the agenda of corporate treasurers worldwide.”

The possible xinjiang coal link in Tesla’s Bitcoin binge. According to Bloomberg Quint on Tuesday, 9 February, “There’s a pretty good chance that any new Bitcoin generated after the cryptocurrency’s Elon Musk-aided surge toward $50,000 will be sourced using cheap coal power in China’s Xinjiang.”

Elon Musk’s Bitcoin bet is a bean counter’s nightmare. According to Bloomberg Quint on Tuesday, 9 February, “There’s also a clearly observable market price for Bitcoin as it’s traded on exchanges. “, “Anyone who does so is taking a massive financial risk but they should be allowed to record the value of their Bitcoin at the current market price. “

According to Business Insider on Tuesday, 9 February, “The conference was meant to help corporate executives learn about the benefits of adopting Bitcoin in their portfolios.”, “Once people start thinking about what they want, which is a non-sovereign, safe-haven store of value, they’re going to realize that Bitcoin does the job of gold better, and you’re seeing all of the institutional flows move out of gold into Bitcoin,” Saylor concluded.”

JPMorgan sees Tesla Bitcoin bet as too bold for others to follow. According to Bloomberg Quint on Tuesday, 9 February, “Tesla disclosed Monday it invested $1.5 billion in Bitcoin and intends to begin accepting the cryptocurrency as a form of payment. “, “Irrespective of how many corporates eventually follow Tesla’s example, there is no doubt that this week’s announcement changed abruptly the near-term trajectory for Bitcoin by bolstering inflows and by helping Bitcoin to break out above $40k,” wrote JPMorgan’s strategists. “

Reddit user who leaked Tesla’s Bitcoin investment news was just high. According to Business Insider on Wednesday, 10 February, “A Reddit poster who claimed to be in the know of Tesla Inc’s (NASDAQ:TSLA) investment in Bitcoin (BTC) has confirmed that the information he made public on Jan. 2 was not true, the New York Post reported Tuesday.”, “What Happened: After Tesla made its Bitcoin investment announcement on Monday, attention turned to the Reddit post by the user TSLAInsider made five-weeks prior.”





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