Litecoin rose sharply by 35% and then collapsed
Litecoin (LTC) Jumps To $ 235 In 15 Minutes On News Of Cryptocurrency Support At Walmart
Sep 14, 2021
1 min read
Anna BakkerNews analyzer

But it was not possible to keep the new price maximum, soon there was information that the news about Walmart turned out to be fake, after which Litecoin lost all its growth.

The website announced that Walmart, the largest wholesale and retail chain, has partnered with the Litecoin Foundation to add cryptocurrency as a means of payment.

It turned out that the domain was registered about a month ago and is related to Walmart itself.

The news from such a site would have gone unnoticed if it had not been published by the official Twitter account of the Litecoin Foundation.

Walmart later confirmed that the information in the press release is not true and the company does not accept cryptocurrencies as a means of payment.

The news was also acknowledged as fake by Charlie Lee, the creator of Litecoin, and assured that the Twitter account manager had been fooled by a plausible press release.

About a month ago, it became known that Walmart is looking for an expert in cryptocurrency products to develop a strategy for the company's development in the field of digital currencies.

Also on September 9, the Litecoin Foundation announced the launch of its own decentralized platform that allows the issuance of new tokens and NFTs.

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