Litecoin!! Fake News!! Volatility!! 😱😱
Litecoin saw an incredible amount of volatility as news started circulating that Walmart was going to accept litecoin as payment. We reported this to you as the news broke in the comments to yesterday's Litecoin report. Sadly, this turned out to fake news as the tweet was taken down and Walmart swiftly denied it. We were also quick to report this in the comments as well. Needless to say, Litecoin rallied back up to highs in the $230's with a wick breaking just above relative highs from that rally we saw earlier this month. This was quickly sold back down and we ended back in the range we started: between $169 and $184. We will likely hold this range until more momentum comes through or more fake news. It is unfortunate that such a saga has tarnished the reputation of a project that is overall very good and actually suitable for payments on a large scale.
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.