Recent reports confirm that the celebrated commitment for a payment network between Litecoin (LTC) and Abra, related to the smart contracts of the peer-to-peer cryptocurrency, reached a massive failure today after the asset happened to have an opposite effect and instead of broadening the gains, ended up reversing previous earnings.
The whole landscape for the Litecoin currency doesn’t seem very promising, in fact, the virtual coin created by the company lost almost all of the earnings made because of the alliance with Abra, even reaching a price of $118 today.
Regarding the facts, last week, Charlie Lee, the creator of LTC established a very demotivational statement by expressing:
“Like everyone else, we got too excited about something that was too good to be true and we optimistically overlooked many of the warning signs,”
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