Litecoin is currently on bullish momentum. At 16:03 EST on Sat 19 Dec, Litecoin is at $122.27 and up by 13.71% in the last 12 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $122.27 and the lower value was $117.70.

Over the last twelve hours, Litecoin’s higher value was $122.27 and the lower value was $107.53.

Regarding Litecoin’s daily lows, it’s 15.382% up from its trailing 24-hour low of $105.97

In relation to Litecoin’s yearly highs and lows, it’s 378.178% up from its 52-week low and 0% down from its 52-week high.

News about Bitcoin

Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, “Bitcoin has surged despite a severe crash in March that saw it lose 25% amid the coronavirus pandemic. “, “Guggenheim Partners LLC, for instance, recently said it might invest up to 10% of its $5.3 billion Macro Opportunities Fund in a Bitcoin trust.”

Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, “The New York-based firm will also execute all Bitcoin trading on behalf of the fund. “, “Canadian mutual fund manager CI Financial Corp. completed a $72 million initial public offering of a Bitcoin fund to help clients access the cryptocurrency in the midst of an eye-catching rally.”

Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, “A hedge fund specializing in volatility bets has emerged as one of the largest investors in Bitcoin after quietly buying more than $600 million in cryptocurrencies and joining forces with Alan Howard, the co-founder of Brevan Howard Asset Management.”, “While gold also stands to appreciate in a world of debased currencies and inflationary fears, Peters thinks Bitcoin and Ether prices can far outpace that rise.”

Bitcoin tops $20,000 for first time. According to The Wall Street Journal on Wed Dec 16, “Bitcoin surged above $20,000 on Wednesday for the first time in its 11-year history, part of a furious rally that has seen the digital currency double since September.”

Bitcoin price surges to fresh record above $20,000. According to MarketWatch on Wed Dec 16, “Bitcoin prices were trading at $20,339 according to CoinDesk data, up nearly 5% on the session, with gains for the digital asset supported by a flood of institutional investor attention on cryptos like bitcoin and other virtual currencies.”

All aboard the billionaires’ Bitcoin bandwagon?. According to Bloomberg Quint on Wed Dec 16, “But before you race to open a digital wallet, look back to what happened to Bitcoin last time it approached these levels. “, “A study by the Kansas City Fed comparing bonds, gold and Bitcoin between 1995 and Feb. 2020 found that Treasuries behaved “consistently” as a safe haven, gold did so “occasionally” and Bitcoin got a “never.””

Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, “Coppola: There’s a small minority of holders who believe Bitcoin will eventually replace the dollar. “, “This time is different has been a recurring theme during the boom and bust periods of Bitcoin’s little more than a decade long existence. “

Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, “Last month, the firm filed to reserve the right to invest as much as 10% of its $5.3 billion Macro Opportunities Fund in the Grayscale Bitcoin Trust, which invests solely in Bitcoin.”, “It’s a similar argument to what’s often offered by some of Bitcoin’s most prominent backers, including famed investor Paul Tudor Jones, who said earlier this year he’s been buying Bitcoin as a hedge against what he expects will be faster inflation after years of muted consumer-price increases. “

Bitcoin extends record-setting rally, surpassing $21,800. According to Bloomberg Quint on Thu Dec 17, “Bitcoin extended a record-breaking rally, taking the world’s largest cryptocurrency past $21,800 for the first time.”, “Bitcoin has more than tripled this year, a surge that’s polarized opinion. “

Bitcoin tops $22,000 and strategists say rally has further to go. According to Bloomberg Quint on Thu Dec 17, “Others see speculative fervor that will inevitably lead to a bust akin to the meltdown three years ago after a furious Bitcoin rally.”, “If Bitcoin sustains its momentum, then “testing $36,000 will be the next real objective,” said Dan Gunsberg, CEO of Hxro, a crypto trading platform. “

Bitcoin hits new all-time high above $23,000, extending its wild 2020 rally. According to CNBC on Thu Dec 17, “Bitcoin’s 2020 performance has reminded many market watchers of its frenzied rally to nearly $20,000 in 2017, which was followed by a sharp pullback the following year. “, “Bitcoin only just smashed the $20,000 mark on Wednesday.”

Quants ride into crypto wild west in the 500% Bitcoin comeback. According to Bloomberg Quint on Thu Dec 17, “Bitcoin has rallied 215% this year, while cryptocurrency hedge funds are up 136% through November, according to a Eurekahedge index.”, “Fragmented liquidity and a top-to-bottom trading range of more than 500% this year are proving both a friend and foe to exotic quants seeking to exploit the crypto Wild West — without getting killed by Bitcoin’s famous volatility.”

Bitcoin is up 200% this year. investment pros say the price could reach $400,000. According to MarketWatch on Thu Dec 17,

Bitcoin exchange coinbase files for initial public offering. According to The Wall Street Journal on Thu Dec 17,

Popular crypto exchange coinbase files confidentially to take itself public as Bitcoin price soars to record above $23,000. According to MarketWatch on Thu Dec 17,

Largest U.S. cryptocurrency exchange coinbase files for IPO as Bitcoin soars past $23,000. According to CNBC on Thu Dec 17, “Bitcoin has garnered much attention from investors lately, and Paul Tudor Jones and Stanley Druckenmiller are among those who have come out in favor of the cryptocurrency. “

How to invest in Bitcoin: the major ways to buy, their pros and cons, and the strategies to consider. According to Business Insider on Fri Dec 18, “”The best argument for Bitcoin’s future success is the same argument long used for gold, diamonds and collectibles: It has been designed to have a limited supply and cannot be counterfeited,” says Bob Fitzsimmons, the executive VP of Fixed Income, Commodities, and Stock Lending at Wedbush Securities.”, “Bitcoin taxes can be triggered by trading, exchanging, or simply spending the cryptocurrency (if it’s increased in value since you bought it). “

The CIO of a new crypto fund that has returned 220% to investors this year explains why Bitcoin topped $20,000 for the first time ever this week – and shares another digital currency set to become…. According to Business Insider on Sat Dec 19, “Bitcoin can only be programmed to do certain things and ethereum can be programmed to do many things,” he said. “, “Bitcoin’s 212% rally this year is driven by all types of new investors who had never invested in bitcoin but are now jumping on the bandwagon, Hougan said.”

Crypto FOMO makes even a 350% premium on Bitcoin look appealing. According to Bloomberg Quint on Sat Dec 19, “”If you want Bitcoin in your existing brokerage IRA, the simplest way is through GBTC,” Seyffart said. “, “At BITW’s 358% premium — which doesn’t just hold Bitcoin — that sum balloons to $104,424.”

(Excerpt) Read more Here | 2020-12-19 14:03:00
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.