LTC/USD Forecast Fundamental Analysis | Litecoin / US Dollar

After the LTC/USD experienced a classic pump-and-dump scheme last week, following false reports that US grocer Walmart partnered with Litecoin to offer it as a payment solution in its stores, price action corrected into support. After the announcement, the LTC/USD rallied from $170 to $230 before dropping below $170. While the reversal is bearish, this cryptocurrency pair has reached a support area while selling pressure is fading.
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