LTC managed to record stellar gains ahead of its ‘halving event’ that took place at the beginning of August. However, it now seems that the hype around the silver to Bitcoin’s gold has completely fizzled out.
The cryptocurrency is shaping up to be one of today’s biggest losers inside the CoinMarketCap top 10 after witnessing more than a double-digit drop. At the time of writing, LTC is trading at $77.65.
As reported by U.Today, Litecoin also had to battle with FUD after its founder Charlie Lee allegedly revealed that developers were not working on the project.