Litecoin falls 1%, off 6-month peak

Litecoin fell about 1% or more than $0.6 on Thursday to see its second session drop in four sessions since September 28, while still stabilizing above the $60 barrier it reached for the first time in five months of two weeks, Earlier this month, Bitcoin and Litecoin were used as money transfer methods by the venezuelan government to circumvent US economic sanctions.

At 0533 GMT GMT, Litecoin fell 0.99% to $60.941 compared to the opening of $61,600 after a low of $60.863 and a high of $61.900.

The cryptocurrency is resuming the corrective actions that followed it at the end of the week after reaching its highest in six months and following last week's weekly gain of five consecutive weekly gains and the ninth in ten weeks. it's worth mentioning that the Litecoin stability over $60 is backed by the lunch of a cryptocurrency payment platform in Switzerland's biggest online retailer.

Digitec, also known as Switzerland's Amazon , which offers more than 2.7 million items for everyday needs, with fast and free shipping, Digitec has established on its website a payment platform in cryptocurrencies. while allowing Customers who want to pay in cryptocurrencies a minimum purchase of 200 Swiss Franc, While there is no maximum limit, this option for payment comes from the collaboration of Digitec with the Swiss company Datatrans for online payment.