Litecoin rises 2% on short-covering

Litecoin rose nearly two percent, or $0.6 on Monday away from December 28 lows on short-covering after marking the worst weekly performance in two months away from November 19 highs. 

As of 06:07 GMT, Litecoin rose 2.09% to $31.147, with an intraday high at $31.371, and a low at $30.411. 

Litecoin marked some gains on short-covering this week after slumping 24% last week away from two-month highs at $42.229, after the Ethereum Classic's network suffered a $1 million security breach. 

Bloomberg recently reported that an ECB member warned that the crypto bubble is starting to already burst. 

Ardo Hansson, governor of Estonia's central bank warned that cryptocurrency are heading to an end, with the world currently witenssing "the collapse" according to him. 

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, before marking 1-1/5 year lows recently at $22.54.