Litecoin is down about 28.5% for the month and 37.5% for 2018 so far. Litecoin rallied in mid-February, partly due to LitePays announcement that its merchant payment processing system for litecoin would go live on February 26.
Litecoin is the fifth-largest cryptocurrency by market capitalization at USD 8.1 billion, according to CoinMarketCap. Its declines came as other cryptocurrencies also fell. Bitcoin dropped 7% to below USD 8,000.
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