Cryptocurrency litecoin falls 10% after payments processor 'LitePay' closes

ArticleCurrencyMarch 27, 2018 - 6:40:18 AM

Litecoin traded roughly 10 percent lower near $145 as of 4:08 p.m. ET, according to CoinMarketCap.

Litecoin dropped Monday after news that payments processor LitePay has ceased operations, prompting an apology from the coin's founder for promoting the start-up.

The cryptocurrency traded roughly 10 percent lower near $145 as of 4:08 p.m. ET, according to CoinMarketCap. Litecoin is down about 28.5 percent for the month and 37.5 percent for the year so far...

Source:cnbc.com

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