Litecoin jumped over 30% against USD on Wednesday, 14th of February, outperforming all top cryptocurrencies. This had to do with the news of combined LTC payment service and possible hard fork.
LitePay announced its plans to create a BitPay-like merchant solution for Litecoin, near the end of 2017. Now they announced that it will go live on the 26th February.
In a tweet on Monday, February 13th, LitePay explained:
“We started because the people asked (BitPay) to accept LTC. They wouldn’t, so we took the challenge,”
Litecoin Hard Fork?
Earlier this month we heard news of a potential Litecoin hard fork. The news mentioned creating “Litecoin Cash” on 19th February. This resulted in raised interest from traders willing to stock up on LTC to benefit from new coins’ airdrop.
Litecoin’s creator, Charlie Lee, made a comment regarding the alleged fork in a tweet on February the 4th:
“PSA: The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin. Don’t fall for it and definitely don’t enter your private keys or seed into their website or client. Be careful out there!“