Litecoin rose nearly four percent, or over $1 on Monday away from June 2017 lows on limited short-covering after sustaining heavy losses recently. 

As of 06:49 GMT, Litecoin rose 3.87% to $32.768, with an intraday high at $32.839, and a low at $31.483. 

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 14-month lows this week at $31.535.  

Silver futures rose in Asian trade as the dollar index backed off November 16 highs, in a day that lacks major data releases from the US, and ahead of a speech by Fed Chair Jerome Powell later this week. 

As of 05:43 GMT, silver futures due in December rose 0.58% to $14.45 an ounce, while the dollar index slipped 0.06% to 96.88 away from two-week highs. 

On Wednesday, 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, while third-quarter GDP data is expected to clock in a 3.6% growth rate. 

Investors also await the release of the Federal Reserve's minutes for the November 7-8 meeting, at which policymakers voted to maintain interest rates between 2.00% and 2.25% as expected while paving the way for further policy tightening. 

Otherwise yesterday, the European Union leaders approved the Brexit draft agreement, with eyes now fixed on the British Parliament's vote on the issue, in addition to the G20 Summit later this week, at which US President Donald Trump will speak on trade with Chinese President Xi Jinping. 

On Thursday, World Trade Organization Secretary General Roberto Azevêdo warned that rising trade limitations represent a real threat on the global economy that requires solutions reached by the political will of the G20 leaders. 

Gold futures tilted higher in Asian trade as the dollar index backed off November 16 highs in a day that lacks major data releases from the US, and ahead of a speech by Fed Chair Jerome Powell later this week. 

As of 05:06 GMT, gold futures due in December rose 0.21% to $1,225.50 an ounce, while the dollar index shed 0.03% to 96.90 against a basket of major rivals away from two-week highs. 

On Wednesday, 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, while third-quarter GDP data is expected to clock in a 3.6% growth rate. 

Investors also await the release of the Federal Reserve's minutes for the November 7-8 meeting, at which policymakers voted to maintain interest rates between 2.00% and 2.25% as expected while paving the way for further policy tightening. 

Otherwise yesterday, the European Union leaders approved the Brexit draft agreement, with eyes now fixed on the British Parliament's vote on the issue, in addition to the G20 Summit later this week, at which US President Donald Trump will speak on trade with Chinese President Xi Jinping. 

On Thursday, World Trade Organization Secretary General Roberto Azevêdo warned that rising trade limitations represent a real threat on the global economy that requires solutions reached by the political will of the G20 leaders. 

The New Zealand dollar rose in Asian trade off November 14 lows against its US counterpart, following earlier retail sales data from New Zealand and amid a lack of any from the US today. 

As of 04:16 GMT, NZD/USD rose 0.18% to 0.6793, with a session-high at 0.6794, and a two-week trough at 0.6756, after opening the week with a downward price gap away from the previous close of 0.6781. 

Earlier New Zealand data showed retail sales were unchanged in the third quarter, compared to a 1.1% increase in the second quarter, while missing estimates of a 1% increase, as core sales rose 0.4%, slowing down from 1.3% in the second and missing estimates of 1.5%.