That's because someone has been dumping and also trade bots are selling low
The market has to reach at least $0.01 before the Credit Union allows for Debit Card Pre-Orders
The market has not yet reached $0.01, even fell even lower.
The market did get close to $0.01 at one point but there's still a lot of trade bots controlling the market keeping the price low.
The credit union has allowed us to open for pre-orders just for 100 cards
You think LTC-BTC is traded a lot by bots? Wouldn't the trading volume be much higher if bots were really responsible for most of the trading?
They aren't bot bots but just people using the exchange's trading API putting low buy orders and real people are selling their coins cheap.