Litecoin Fails To Hold Gains From Abra Adoption In Shadow Of LitePay Closure

News that payments network Abra had committed to Litecoin (LTC) for its smart contracts failed to prop up markets April 4 as the asset reversed previous gains.

After Abra, which raised $40 mln in its latest funding round, announced it would use Litecoin’s smart contracts to power its wallet and exchange late March, LTC swiftly gained 20% to hit a weekly high of $136 Tuesday, April 3, according to cross-exchange data from CoinMarketCap.

Full article: https://cointelegraph.com/news/litecoin-fails-to-hold-gains-from-abra-adoption-in-shadow-of-litepay-closure