Litecoin slumps 10% to three-week lows

2018-10-11 08:56:03 GMT (Economies.com)
Litecoin slumps 10% to three-week lows

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.

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
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