Litecoin settles lower, carrying on last week's losses

Litecoin tilted lower on Monday off October 15 highs for the fifth session out of six, carrying on the decline of last week. 

As of 05:53 GMT, Litecoin shed 0.06% to $51.424, with a session-low at $51.332, and a high at $52.046. 

Litecoin continues to back off recent four-week highs after rallying momentarily earlier this month alongside most cryptocurrencies as new liquidity entered the market with investors picking up cheap crypto assets after a spate of hefty losses in recent weeks and months on regulatory concerns. 

Litecoin marked the sixth monthly loss in a row in October, the longest such streak since early 2015. 

The Path of Litecoin

Litecoin was first publicly offered in the first half of 2013 at only $3, marking record lows at below $1 in early 2015 before taking off on its long and spotted journey higher. 

The cryptocurrency pierced $100 for the first time on November 29, 2017, before scaling a record high at $370.78 on December 19, and plummeting back below $100 on June 12, then moving on to $$47.22 on September 12.