Litecoin On Bearish Momentum: 5.15% Down In The Last 6 Hours

Fibo Quantum

Litecoin is currently on bearish momentum. At 21:04 EST on Monday, 15 March, Litecoin is at $193.30 and down by 5.15% in the last 6 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $203.26 and the lower value was $193.30.

Over the last twelve hours, Litecoin’s higher value was $206.47 and the lower value was $193.30.

Concerning Litecoin’s daily highs, it’s 12.144% down from its trailing 24-hour high of $220.02

Concerning Litecoin’s yearly highs and lows, it’s 531.493% up from its 52-week low and 21.41% down from its 52-week high.

Volatility

Litecoin’s last day, last week, and last month’s average volatility was 5.24%, 3.74%, and 4.70%, respectively.

Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 5.82%, 7.93%, and 10.86%, respectively.

Last news about Litecoin

According to FX Empire on Monday, 15 March, “Bitcoin Cash SV slid by 8.90% to lead the way down, with Litecoin ending the day down by 5.30%.”, “Crypto.com Coin jumped by 18.13% to lead the way, with Litecoin rallying by 12.20%.”

News about Bitcoin

According to Business Insider on Sunday, 14 March, “Canada’s Purpose Bitcoin ETF, the first to launch, had 913 million Canadian dollars ($731 million) under management on 11 March.”, “Guggenheim disclosed in an SEC filing that its Macro Opportunities Fund held the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust.”

Bitcoin dips from record after scaling $61,000 aided by stimulus. According to Bloomberg Quint on Monday, 15 March, “For instance, the correlation coefficient between Bitcoin and an equal-weighted basket of five stocks which have announced investments in the digital currency — Tesla Inc., MicroStrategy Inc., Square Inc., Meitu Inc. and Aker ASA — has surged to an average of 0.72 this year from 0.26 in 2020.”, “Crypto has seen “some good flow, with traders front running U.S. stimulus checks,” Chris Weston, head of research at Pepperstone Group Ltd., wrote in a note, adding Bitcoin needs to stay above the previous high of just over $58,000 to bolster confidence in a “new bull leg.”

According to Business Insider on Monday, 15 March, “If doubt about monetary policy, unchecked money printing and continually rising inflation continues to worry both retail and institutional investors, then they will seek alternatives that provide safety, which Bitcoin provides in a unique digital format,” Nazarov said.”

Retail Bitcoin traders rival wall street buyers as mania builds. According to Bloomberg Quint on Monday, 15 March, “While far from bulletproof, the stats suggest that flows into Bitcoin are becoming more balanced after institutions dominated late last year. “, “Meanwhile, institutions have bought about 173,000 of the world’s largest cryptocurrency over that time frame — as gathered by Bitcoin futures, fund flows and company announcements — after buying nearly 307,000 in the last quarter of 2020.”

What’s India’s beef with Bitcoin, really?. According to Bloomberg Quint on Monday, 15 March, “If someone is using a VPN service to access the internet,and not buying or selling Bitcoin using an Indian bank account (but earning and spendingit peer to peer), the prohibitionwon’t be enforceable.”, “Nobody is asking New Delhito make Bitcoin legal tender or accept tax payments in it. “

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