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