Litecoin Crumbles After Walmart Denies News of Crypto Payments

Litecoin Crumbles After Walmart Denies News of Crypto Payments

(CNBC) Crypto token Litecoin traded down, after a 20% gain it had amassed after Walmart refuted claims that it would accept cryptocurrency payments by shoppers.

The misleading information was released by GlobeNewswire that cited a partnership with Walmart.

Walmart is in touch with the Newswire company in an investigation seeking to get the source of the news. The release was not mentioned on Walmart’s corporate website and has since been removed from GlobeNewswire.

LTCUSD is down -1.17%.

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