Oh no! I'm so sorry.
In the past on a number of orders LV has done this. My app/account shows the order is pending, weeks go by and then I call and find out that it has been cancelled. Three times they never even notified my CA and she was surprised too.
I still have orders for 3 bag charms that are Pending Validation. My CA said yesterday she is checking on orders she placed for her clients every single day and only one had been cancelled, but when I hear unfortunate stories like yours, I get really concerned it is just a matter of time before my orders get iced out too.