LitePay Ceases Operations and Sends LTC Tumbling
For all the hype and media exposure this partnership generated earlier this year, it has once again come to nothing as LitePay announced today that they are ceasing operations and will be sold. The repercussions for the overall crypto market will not be positive and will cause more FUD.
Following this news, LTC Litecoin tumbled further lower even after losing more than 10% already. How will the market respond in the short term?