Litecoin extends losses for second day

Litecoin dipped on Tuesday for the second session to near five-week lows, amid mounting pressure on cryptocurrencies. 

Financial authorities in the US and Canada launched investigations into fraud investment programs called "Cryptosweep" that have been spreading recently. 

The North American Securities Administrators Association (NASAA) is coordinating regulatory action from 40 judicial states to link nearly 70 investigations, with more to come in the next few weeks into about 35 companies suspected of facilitating such illegal investment programs. 

Litecoin dipped on Tuesday to $133.41 from the opening of $134.26, with an intraday high at $134.60, and a low at $132.50.