Lackluster LitePay Launch Leads to Litecoin Lag

News on new partnerships, technology, or services for a specific cryptocurrency usually does wonders for its price action. Yesterday was the launch of Litecoin payments provider LitePay and as expected LTC prices were bullish throughout the day. Today has been the complete opposite as the long awaited service failed to impress, or offer what was expected of it.
An Imprudent Launch
LitePay is essentially a Litecoin version of BitPay which allows merchants and businesses to accept payments in Bitc