🔥 Litecoin Partnership with Walmart: Huge Crypto News
Updated
A couple of minutes ago it became clear that LTC and Walmart are going to partner up. This news has caused a huge bullish candle from LTC, causing a +30% rally in mere minutes.
The rally caused a ripple through all of crypto. All the major tokens are seeing a strong move at the moment, which can potentially indicate the bottom of the bearish move.
Walmart CEO on the partnership:
"The momentum and excitement around the use of cryptocurrency are undeniable, and we are poised to make online shopping easy for our customers. As a leading eCommerce store, we are committed to bringing innovations to the online shopping experience. By integrating Litecoin, we will enable shoppers to experience a very smooth checkout experience with near instant transaction confirmation, and near-zero fees regardless of where in the world they are. We're very excited to be working together with the Litecoin Foundation, and further innovate our business. Starting October 1st, all eCommerce stores will have implemented a 'Pay with Litecoin Option,'" said Doug McMillon, Walmart CEO. globenewswire.com/
Be careful for traders taking profits in the coming hours. We might retest the $210 support before moving up again.
Happy trading!
The rally caused a ripple through all of crypto. All the major tokens are seeing a strong move at the moment, which can potentially indicate the bottom of the bearish move.
Walmart CEO on the partnership:
"The momentum and excitement around the use of cryptocurrency are undeniable, and we are poised to make online shopping easy for our customers. As a leading eCommerce store, we are committed to bringing innovations to the online shopping experience. By integrating Litecoin, we will enable shoppers to experience a very smooth checkout experience with near instant transaction confirmation, and near-zero fees regardless of where in the world they are. We're very excited to be working together with the Litecoin Foundation, and further innovate our business. Starting October 1st, all eCommerce stores will have implemented a 'Pay with Litecoin Option,'" said Doug McMillon, Walmart CEO. globenewswire.com/
Be careful for traders taking profits in the coming hours. We might retest the $210 support before moving up again.
Happy trading!
Note
Didn't include a target on the chart. Long-term target: $300Note
FAKE NEWSThis rumour was started on some random blog where it was picked up by a couple of twitter users, after news outlets picked up the news and started posting it without any check of authenticity. Market selling off as we speak.
Note
The plot thickens:litecoin DELETED the tweet where they announced said partnership. The twitter is afaik not run by the LTC devs themselves.
The blog that started this rumour was the same blog which announced other big companies adopting Bitcoin, which all ended up to be fake.
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