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

Fibo Quantum

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.”

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