Litecoin bliss was short-lived: Walmart claims denied

Litecoin and Walmart right now most closely associated two name. We are in a painful period about whether cryptocurrencies will be accepted as a payment method. Previously, the juxtaposition of the names Bitcoin and Amazon enabled Bitcoin to recover in a difficult period. Now, the claim that a partnership between the trading giant Walmart and Litecoin will be established, LTC price for a short time raised.

Allegation of Litecoin and Walmart partnership increased the price of LTC

The claim that there would be a partnership between Walmart and Litecoin at around 16.00 Turkish time today spread on the crypto currency agenda. LTC price with this claim From $175 band to $230 band had jumped. This huge increase was observed for about an hour and the LTC trading volume also increased drastically. Walmart quickly denied this claim and the Litecoin price returned to its original state.

This isn’t the first time Litecoin and Walmart’s partnership has been talked about. Previously, there was a tweet on Litecoin’s official Twitter account that this partnership will start from October 1st. This quickly deleted tweet also increased the Litecoin price. Although the claims are denied with the current situation, some investors are still hopeful.

Why is Walmart so important?

Walmart, a US-based shopping chain, is literally a trading giant. The partnership of a cryptocurrency with this giant means that the trading volume of that cryptocurrency will increase.

Investors want to take their place early, as these positive developments will increase the value of LTC. If we hear of a partnership rumor again in the coming days, it will probably cause a sudden rise.

Disclaimer: ShiftDelete.Net does not provide investment advice regarding cryptocurrencies in any of its content. Our news reports the situation from the cryptocurrency markets and does not encourage readers to invest.