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Litecoin On Bearish Momentum: 7.31% Down In The Last 24 Hours

ViaNews Editorial Team

December 20, 2020

Litecoin On Bearish Momentum: 7.31% Down In The Last 24 Hours

Litecoin is currently on bearish momentum. At 17:03 EST on Sun 20 Dec, Litecoin is at $113.45 and down by 7.31% in the last 24 hours.

Litecoin Range

Over the last six hours, Litecoin's higher value was $117.92 and the lower value was $113.45.

Over the last twelve hours, Litecoin's higher value was $118.99 and the lower value was $113.45.

In relation to Litecoin's daily highs, it's 6.833% down from its trailing 24-hour high of $121.77

In relation to Litecoin's yearly highs and lows, it's 343.684% up from its 52-week low and 8.331% down from its 52-week high.

News about Bitcoin

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, "The rally in digital assets is polarizing opinion, given Bitcoin's history of boom and bust. ", "Bitcoin's scarcity combined with "rampant money printing" by the Federal Reserve mean the digital token should eventually climb to about $400,000, Scott Minerd, the chief investment officer at Guggenheim, said on Bloomberg TV on Wednesday."

Bitcoin hits new all-time high above $23,000, extending its wild 2020 rally. According to CNBC on Thu Dec 17, "Bitcoin only just smashed the $20,000 mark on Wednesday.", "Bitcoin hit a fresh record high above $23,000 on Thursday, extending a wild rally for the cryptocurrency that has seen it more than triple in value this year."

Quants ride into crypto wild west in the 500% Bitcoin comeback. According to Bloomberg Quint on Thu Dec 17, "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.", "Trend-following, for example, is built on the notion that humans have a tendency to follow the herd in everything, from single stocks and oil to Bitcoin futures."

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, "Bitcoin is a cryptocurrency, a form of private, electronic money whose transactions are validated using cryptography, the science of encrypting and decrypting information. ", "Start small, rather than big: Given its short history and still highly unpredictable behavior, it's usually wise to keep your initial investment in Bitcoin relatively limited. "

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, "It's much more institutional than it was in the past and I think that raises the likelihood that we'll see a Bitcoin ETF sooner than later," he said.", ""The core thesis supporting crypto and Bitcoin is that this is a once-in-a-generation style technological breakthrough that's penetrating multiple multi-trillion-dollar markets," he added. "

Crypto FOMO makes even a 350% premium on Bitcoin look appealing. According to Bloomberg Quint on Sat Dec 19, ""But I think some level of premium is justified, and if you want access to Bitcoin, there really aren't better options."", "Companies that dabble in crypto-related industries have served as a proxy for exposure since the Bitcoin bubble of 2017. "

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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