Litecoin is currently on bullish momentum. At 17:03 EST on Sunday, 28 February, Litecoin is at $165.95 and up by 5.16% in the last 6 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $165.95 and the lower value was $156.22.

Over the last twelve hours, Litecoin’s higher value was $165.95 and the lower value was $155.85.

Regarding Litecoin’s daily highs and lows, it’s 6.481% up from its trailing 24-hour low of $155.85 and 3.45% down from its trailing 24-hour high of $171.88.

Concerning Litecoin’s yearly highs and lows, it’s 549.003% up from its 52-week low and 32.53% down from its 52-week high.

Volatility

Litecoin’s last day, last week, and last month’s average volatility was 1.00%, 5.27%, and 5.29%, respectively.

Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 7.16%, 15.27%, and 11.63%, respectively.

Last news about Litecoin

According to FX Empire on Saturday, 27 February, “Binance Coin (-5.50%), Crypto.com Coin (-6.87%), Litecoin (-5.07%) led the way down.”

News about Bitcoin

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.”, “BNY Mellon has announced plans to hold, transfer and issue the digital currency for its clients, while assets in the Grayscale Bitcoin Trust have more than doubled to $33.5 billion since December.”

Wood says Bitcoin has trillions in market cap potential. According to Bloomberg Quint on Thursday, 25 February, “Cathie Wood says Bitcoin is in “early days” given its new interest from institutions and its diverse use cases.”, “The dollar is down which is normally a positive cue for gold, but gold is down at the same time, Bitcoin is up,” 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, “It’s almost like the price of GBTC is an amplified version of Bitcoin price.”, “The world’s biggest Bitcoin fund is selling off faster than the cryptocurrency itself.”

Bitcoin heads for worst weekly slide in a year amid risk selloff. According to Bloomberg Quint on Friday, 26 February, “The rough patch for Bitcoin comes amid wider chaos in global markets, as a surge in bond yields heralds growing expectations that growth and inflation are moving higher and forcing traders to reevaluate their positions across multiple asset classes. “, “The dollar is strengthening, which is a good indication to expect a slide in Bitcoin and crypto.”

A look under the hood of one of the world’s first Bitcoin etfs. According to Business Insider on Friday, 26 February, “Benzinga spoke with Raj Lala, President and CEO, and Elliot Johnson, Chief Investment Officer at Evolve ETFs, who are the key principals responsible for shaping the Evolve Bitcoin ETF (TSX:EBIT).”, “CF Benchmarks draws transparent real-time price from five publicly available bitcoin exchanges, whereas the other bitcoin ETF on the market, the Purpose Bitcoin ETF (TSX:BTCC), utilizes TradeBlock XBX which references just four.”

According to Business Insider on Saturday, 27 February, “Wood, whose firm holds more thanseven million shares in the Grayscale Bitcoin Trust, believes that the digital token still has “trillions of dollars of market cap potential.”

5 reasons Bitcoin is superior to gold. According to Business Insider on Saturday, 27 February, “Transferability: Bitcoin is a digital asset, so it can be sent via the internet to anyone around the world with a connected device. “, “Authenticity: Bitcoin and altcoins can be verified on the blockchain in a matter of seconds. “

(Excerpt) Read more Here | 2021-02-28 15:03:00
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.