{"id":46357,"date":"2018-04-20T20:01:45","date_gmt":"2018-04-21T03:01:45","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=46357"},"modified":"2020-02-08T06:34:59","modified_gmt":"2020-02-08T06:34:59","slug":"litecoin-lighting-up-approaching-200-ltc-news-roundup","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/litecoin-lighting-up-approaching-200-ltc-news-roundup\/","title":{"rendered":"Litecoin Lighting Up, Approaching $200: LTC News Roundup"},"content":{"rendered":"

A strong wave of positive sentiment is currently reinvigorating the flagging crypto market, with instant payment focused cryptocurrency Litecoin<\/a> recovering lost ground on the back of a spate of positive announcements and exchange listings.<\/p>\n

Litecoin has experienced a shaky start to 2018, with LTC prices dropping dramatically subsequent to the cancellation of the widely-hyped LitePay launch<\/a>. With Litecoin recently listed on Korbit \u2014 South Korea\u2019s second-largest cryptocurrency exchange \u2014 paired with the announcement of a popular wallet provider TenX<\/a> launching LTC support, however, Litecoin is making a strong comeback and appears to be ready to break back into the top 5 cryptocurrencies by market cap.<\/p>\n

LitePay Post-Mortem<\/h2>\n

Litecoin prices have suffered over the last month due to the failed launch of the LitePay platform. The LitePay project, which promised to facilitate instantaneous crypto-to-fiat conversion across 38 different countries, was set to create one of the most attractive crypto-based payment systems in the world until the sudden cancellation of the project caused the value of LTC to plummet.<\/p>\n

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LTC 30-day performance<\/figcaption><\/figure>\n

Litecoin Foundation director of operations Keith Yong announced the cancellation of the LitePay project on the 26th of March via the Litecoin Foundation blog, stating that Litepay CEO Kenneth Asare would be ceasing all operations and is preparing to sell the company.<\/p>\n

\"Litecoin
Related Story: Litecoin Price Dips After Litepay Announcement<\/figcaption><\/figure>\n

Yong stated that the Litecoin foundation refused funding requests from Asare due to the LitePay CEO\u2019s \u201cless than transparent nature\u201d and failure to deliver a \u201csatisfactory picture of where the money had been spent.\u201d<\/p>\n

The cancellation of the LitePay project say LTC values drop from $160 to a low of $121 in late March, but recent announcements made over the subsequent month have seen LTC push beyond the $140 level.<\/p>\n

Litecoin Bounces Back<\/h2>\n

Litecoin\u2019s recent resurgence can be attributed in part to the announcement of a partnership with TenX<\/a>, who will integrate LTC support. The wallet provider has already launched LTC support on both their iOS and Android apps and, in a surprising move, have announced their intent to launch a TenX Litecoin debit card.<\/p>\n

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TenX recently added LTC to their wallets, and we are working with them to launch a Litecoin debit card. Stay tuned for more information. LitePay who? ? #PayWithLitecoin<\/a> https:\/\/t.co\/T54jK2Obr9<\/a><\/p>\n

— Charlie Lee [LTC\u26a1] (@SatoshiLite) April 11, 2018<\/a><\/p><\/blockquote>\n