Litecoin heads for first weekly loss in 4

Litecoin fluctuated lower on Friday, reflecting its bounce for the seventh session in nine off its highest since June 12th on profit-taking from its recent broad gains. Following reports about the new partnership between the Litecoin Foundation and the traveling website Travala and the launch of exchange-traded notes in Stuttgart Boerse, which added exchange-traded notes (ETN) based on the Litecoin (LTC).  

As of 05:22 GMT, Litecoin fell by 0.46% to $88.57 compared to the opening level at $89.04 after hitting a low of $88.50 and a high of $88.92. The sixth-largest cryptocurrency market value is currently about $5.50 billion.

Litecoin losses this week are around 7%, after it rebounded yesterday in its first daily gain in four on corrections and profit taking, still heading for the first weekly loss after hitting its third straight weekly gain last week, with more than a 12% rise. 

Meanwhile, Litecoin is still reflecting monthly gains of around 21%. Heading towards its fifth consecutive monthly gain, showing its longest monthly gains streak in two years.