LTC and Walmart DID NOT Partner Up

Earlier this morning, crypto news outlets and Litecoin’s official Twitter account posted about a fake Walmart partnership that they had developed. Outlets such as CNBC, Zerohedge, Bloomberg, and more were duped by scammers claiming to be affiliated with Walmart.

The official LTC Twitter with it’s now deleted tweet announcing the false partnership.

Upon the initial announcement, LTC moved from around $173 to about $240 in less than an hour. Within another hour, it would be back down to the low $180s.

LTC’s hourly candle chart in reaction to the false story, and the revelation that it was false.

Unfortunately, this event was not exclusive to LTC. With BTC showing a similar (albeit less volatile) pattern on its hourly chart as well, pumping into the news, and dumping upon the reveal that it was fake. BTC has started to find support in the mid-43,000 to low 44,000 range. This has resulted in the overall altcoin market showcasing similar patterns as well.

BTC’s hourly chart in response to the LTC false flag.

LTC Whale movement during the fiasco.

LTC has yet to make an official announcement as of this posting, responding to the market altering fiasco.