Litecoin rose nearly four percent, or $1 on Wednesday away from June 2017 lows for the third session out of four on limited short-covering after a violent crypto selloff wave.  

As of 05:28 GMT, Litecoin rose 3.79$ to $32.834, with an intraday high at $33.422, and a low at $31.446. 

Litecoin is still heading for the seventh monthly loss in a row, marking the longest such streak since the first half of 2015 after tumbling 26% last week, the worst weekly performance since March. 

Cryptocurrencies are experiencing an overall exodus of cash and investments, instigated partly by uncertainty surrounding Bitcoin Cash, which led the decline last week. 

Last Wednesday, International Monetary Fund head Christine Lagarde suggested on global central banks and their respective governments the possibility of issuing their own digital currencies to make them more stable and controlled and accessible for all sectors instead of the current mayhem in that market. 

Lagarde believes that payments through digital currencies would be instant, safe, and cheap, and while they would be anonymous, central banks will keep a database of all payments, cutting out fraud and money laundering operations. 

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 17-month lows on Sunday at $27.726.  

Silver futures tilted higher in Asian trade off November 14 lows for another session, while the dollar index traded mostly flat near November 7 lows, ahead of US GDP and housing data later today. 

As of 05:21 GMT, silver futures due in March rose 0.13% to $14.24 an ounce, while the dollar index traded at 97.38 not far from three-week lows. 

Now investors await the second reading for US GDP growth, expected at 3.6% in the third quarter, up from 3.5%, while GDP prices are estimated with a 1.7% increase, same as before. 

The goods trade balance is expected with a deficit of $76.7 billion in October, compared to $76 billion in September, while wholesale inventories are estimated with a 0.5% increase. 

US new home sales are estimated with a 4% increase to 575 million units in October, while finally, Federal Reserve Chair Jerome Powell is scheduled to deliver a speech titled "The Federal Reserve's Framework for Monitoring Financial Stability" at The Economic Club of New York. 

Gold futures tilted higher in Asian trade off November 15 lows, while the dollar index traded mostly flat near November 7 lows, ahead of US GDP and housing data later today. 

As of 03:30 GMT, gold futures due in February rose 0.10% to $1,221.10 an ounce away from two-week lows, while the dollar index traded at 97.38 not far from three-week lows. 

Now investors await the second reading for US GDP growth, expected at 3.6% in the third quarter, up from 3.5%, while GDP prices are estimated with a 1.7% increase, same as before. 

The goods trade balance is expected with a deficit of $76.7 billion in October, compared to $76 billion in September, while wholesale inventories are estimated with a 0.5% increase. 

US new home sales are estimated with a 4% increase to 575 million units in October, while finally, Federal Reserve Chair Jerome Powell is scheduled to deliver a speech titled "The Federal Reserve's Framework for Monitoring Financial Stability" at The Economic Club of New York. 

The New Zealand dollar tilted higher in Asian trade away from November 13 lows against its US counterpart, following earlier developments from New Zealand and ahead of crucial US growth data later today. 

As of 02:31 GMT, NZD/USD rose 0.07% to 0.6794, with a session-high at 0.6798, and a low at 0.6784. 

The Reserve Bank of New Zealand just released its biannual report on financial stability before a press conference by RBNZ chief Adrin Orr on the same subject, and a testimony before Parliament. 

Now investors await the second reading for US GDP growth, expected at 3.6% in the third quarter, up from 3.5%, while GDP prices are estimated with a 1.7% increase, same as before. 

The goods trade balance is expected with a deficit of $76.7 billion in October, compared to $76 billion in September, while wholesale inventories are estimated with a 0.5% increase. 

US new home sales are estimated with a 4% increase to 575 million units in October, while finally, Federal Reserve Chair Jerome Powell is scheduled to deliver a speech titled "The Federal Reserve's Framework for Monitoring Financial Stability" at The Economic Club of New York.