How Litecoin was pumped and disposed of after the fake Walmart messages

The price of Litecoin yesterday rose after fake messages about his partnership with Walmart, but the coin unloaded as soon as people realized that it was not real.

Walmart refuses partnership with the Litecoin Foundation

Yesterday the cryptocurrency area came across another introductory message. This time it was between the Litecoin Foundation and the US single-handle giant Walmart. According to the press release, Walmart had worked with the Litecoin Foundation to enable payments in cryptocurrency via his e-commerce shop.

In the press release, it was said that Walmart would accept LTC as a means of payment for the goods available on its e-commerce platform. However, the partnership message turned out to be fake and was exposed by Walmart.

The leading retailer in the United States has A press release , in which it is said that the messages of Globenewswire were fake and Walmart has no partnership with the Litecoin Foundation to take over Litecoin cryptocurrency.

globenewswire also came out to withdraw the news and explained that she was wrong and that people should not look at . "Please note that journalists and other readers should ignore the press release" Walmart's important partnership with Litecoin (LTC) "of September 13, 2021 via Globenewswire." reads

litecoin pumps and dumps

The announcement of a partnership between the Litecoin Foundation and Walmart saw the LTC Coin more than 30 % yesterday. The price of LTC rose from $ 175 to $ 200 from $ 175.

Cryptocurrency has developed below average in the past few months and lost its place under the top ten cryptos after market capitalization. Litecoin was replaced by other cryptocurrencies in the top ten list, including Solana, Polkadot and Dogecoin.

When Walmart came out to deny the news from the partnership, the Litecoin price returned to its previous level. Pumping and emptying happened within a few hours. LTC has currently increased by around 4% in the last 24 hours and is now at 179 USD Pro. traded coin.