Updated: Walmart says Litecoin partnership is fake, cryptos tumble from the highs

Walmart has announced a partnership with Litecoin that would enable customers at the giant retailer to pay with LTC. Walmart's press release sent Litecoin surging and other cryptocurrencies are benefiting as well. 

Updated 14:05 GMT: Litecoin has NOT celebrated its partnership with Walmart, a sign that the news may have been mistaken. Cryptocurrencies are falling across the board, with Bitcoin tumbling back to the $44,500 level. 

Updated 14:21 GMT: BTC/USD is now trading below the pre-announcement level, under $44,000:

Update 14:27 GMT: Walmart has officially announced that the news about a partnership with Litecoin is fake. Cryptocurrencies are stabilizing at around pre-news levels. It is essential to note that Reuters and other agencies reported the partnership. 

Earlier reporting: 

Bitcoin has leaped by over $2,000 from near $44,000 to over $46,000. Ethereum and Ada are also up from the lows. 

In its statement, Walmart CEO Doug McMillon said: 

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-- more to come

More Litecoin Elliott Wave analysis: Resistance at 230-250 area

Walmart's stores are ubiquitous on the outskirts of America's big cities and also small towns. Allowing crypto payments means mainstream adoption has taken a substantial leap forward.  However, doubts persist about the