Litecoin steadies after great weekend volatility

Litecoin steadied on Monday after great volatility the weekend amid heavy selling pressures on cryptocurrencies.

Litecoin shed 3.06% to $196.6 after tumbling 24.99% this month, while holding a gain of 232.94% in 100 days. 

Litecoin has got 54.84 million mined coins so far, with the market value now hitting $10.78 billion, with total coins -mined and ready- reaching 84 million. 

Litecoin, a currency established originally in 2011, is maintained by a group of six developers, led by Charles Lee. 

Litecoin rose mildly in intraday trading on Monday to $193 from the opening of $191.25, with an intraday high at $194.70, and a low at $188.00.