Litecoin is currently on bearish momentum. At 21:05 EST on Thursday, 7 January, Litecoin is at $165.65 and down by 5.09% in the last 6 hours.
Over the last six hours, Litecoin’s higher value was $174.08 and the lower value was $165.65.
Over the last twelve hours, Litecoin’s higher value was $178.65 and the lower value was $165.65.
Concerning Litecoin’s daily highs and lows, it’s 0.981% up from its trailing 24-hour low of $164.04 and 7.277% down from its trailing 24-hour high of $178.65.
Regarding Litecoin’s yearly highs and lows, it’s 547.829% up from its 52-week low and 4.265% down from its 52-week high.
Litecoin’s last day, last week, and last month’s average volatility was 6.58%, 4.06%, and 2.49%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 9.14%, 12.59%, and 11.68%, respectively.
News about Bitcoin
JPMorgan sees $146,000-plus Bitcoin price as long-term target. According to Bloomberg Quint on Tuesday, 5 January, “A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term,” the strategists wrote Monday. “, “However, “a convergence in volatilities between Bitcoin and gold is unlikely to happen quickly and is in our mind a multiyear process. “
According to CNBC on Tuesday, 5 January, “Many institutional investors are using investment vehicles like Grayscale’s Bitcoin Trust as a means of buying into bitcoin. “, “According to JPMorgan, more than $3 billion has flowed into the Grayscale Bitcoin Trust since mid-October while gold ETFs have bled $7 billion.”
Coindesk buys tradeblock, joining rush for Bitcoin analytics. According to The Wall Street Journal on Tuesday, 5 January, “Its most notable product is a bitcoin price index called the XBX that is used as the reference rate, or benchmark price, for investment funds such as the Grayscale Bitcoin Trust .”
Bitcoin could soon be worth $146,000. here’s how it would get there. According to MarketWatch on Tuesday, 5 January, “JPMorgan says that by one measure, bitcoincurrently consumes 3.4 times more risk capital than gold and over 5 times more, if comparing the Grayscale Bitcoin Trust versus the SPDR Gold Shares , the largest gold ETF by asset.”
Gamblers could use Bitcoin at slot machines with new patent. According to Bloomberg Quint on Tuesday, 5 January, “That means players could move Bitcoin into their virtual wallets on a slot machine using their phones.”, “While Bitcoin isn’t widely used in transactions, some users have been known to buy expensive cars, houses and boats with the cryptocurrency. “
Scaramucci sees massive gains for Bitcoin in comparison to gold. According to Bloomberg Quint on Tuesday, 5 January, “Strategists at JPMorgan Chase & Co. made a similar projection this week, arguing that Bitcoin has the potential to reach $146,000 in the long term as it competes with gold as an asset class.”, “SkyBridge…