The price of Litecoin has fallen by over 3% to $100.50, in line with the wider cryptocurrency market. The drop comes after the coin rallied by more than 65% to reach a year-to-date high of $116 on July 2, due to excitement around its halving in August and its listing on EDX Markets.

However, the coin has since corrected by nearly 14%, including the 3% drop on July 5, due in part to its overbought relative strength index on the daily chart. The Federal Reserve's June policy meeting minutes, which are set to be released on July 5, could also impact the market.