Cryptocurrency

Litecoin slumps 10% to three-week lows

2018-10-11 08:56:03 GMT (Economies.com)

Litecoin sank over 10%, or $6 on Thursday to September 19 lows, marking the worst performance since September 5 lows. 

 

As of 05:44 GMT, Litecoin fell 10.06% to $52.598, with an intraday high at $58.530, and a three-week low at $57.528. 

 

Litecoin is heading for the third weekly loss in a row, amid concerns in Japan, after the self-regulatory Japan Virtual Currency Exchange Association (JVCEA) set up steps to tighten the measures related to client asset management. 

 

The JVCEA is a self regulatory group that includes several major licensed crypto exchanges in Japan, established in April, with the organization also planning to put a cap on the amount of cryptocurrencies managed online through any platform. 

 

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.

Risk Disclaimer : MetaPlace Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore MetaPlace Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.
Request Desktop Site