Litecoin tilted lower on Friday away from November 20 highs for the third session on profit-taking after surging 11% on Wednesday away from June 2017 lows hit last Sunday. 

As of 06:07 GMT, Litecoin shed 0.28% to $33.976, with an intraday low at $33.522, and a high at $34.666. 

Litecoin is on track for the first weekly profit in four, while 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. 

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 lower in Asian trade as the dollar index traded off November 13 highs, following earlier data from China, the world's largest metals consumer, while the G20 Summit commences today in Argentina. 

As of 05:57 GMT, silver futures due in March shed 0.08% to $14.39 an ounce, while the dollar index barely inched down to 96.77 off two-week highs. 

Earlier Chinese data showed the manufacturing PMI receded to 50.0 in October from 50.2, while the services PMI slipped to 53.4 from 53.9, missing estimates of 53.8. 

Federal Reserve Bank of New York President John Williams is scheduled to participate in a panel discussion titled "The Global Economy: Addressing a Future Downturn" at the 80th Plenary Meeting of the Group of Thirty, in New York later today. 

The Fed releases the minutes of its November 7-8 meeting yesterday, at which there were discussions on the timeline for stopping overnight rate hikes in the future. 

In a speech earlier this week, Federal Reserve Chair Jerome Powell noted how interest rates are only slightly below neutral levels, which was priced by markets as moderation in the pace of rate hikes in the near future. 

Gold futures tilted higher in Asian trade off November 15 lows for the third session as the dollar index backed off November 13 highs, following earlier data from China, the world's largest metals consumer, and ahead of a speech by Fed Governor John Williams later today. 

As of 05:11 GMT, gold futures due in February barely inched up to $1,230.50 an ounce away from two-week lows, while the dollar index traded at 96.77 off two-week highs. 

Earlier Chinese data showed the manufacturing PMI receded to 50.0 in October from 50.2, while the services PMI slipped to 53.4 from 53.9, missing estimates of 53.8. 

Federal Reserve Bank of New York President John Williams is scheduled to participate in a panel discussion titled "The Global Economy: Addressing a Future Downturn" at the 80th Plenary Meeting of the Group of Thirty, in New York later today. 

The Fed releases the minutes of its November 7-8 meeting yesterday, at which there were discussions on the timeline for stopping overnight rate hikes in the future. 

In a speech earlier this week, Federal Reserve Chair Jerome Powell noted how interest rates are only slightly below neutral levels, which was priced by markets as moderation in the pace of rate hikes in the near future. 

The New Zealand dollar tilted higher in Asian trade on track for fresh weekly gains against its US counterpart, following earlier housing data from New Zealand and ahead of a speech by Fed Governor John Williams later today. 

As of 03:47 GMT, NZD/USD rose 0.10% to 0.6867, with a session-high at 0.6875, and a low at 0.6856. 

New Zealand building permits rose 1.5% in October, compared to a 1.3% drop in September. 

Federal Reserve Bank of New York President John Williams is scheduled to participate in a panel discussion titled "The Global Economy: Addressing a Future Downturn" at the 80th Plenary Meeting of the Group of Thirty, in New York later today. 

The Fed releases the minutes of its November 7-8 meeting yesterday, at which there were discussions on the timeline for stopping overnight rate hikes in the future. 

In a speech earlier this week, Federal Reserve Chair Jerome Powell noted how interest rates are only slightly below neutral levels, which was priced by markets as moderation in the pace of rate hikes in the near future.