Fake News driven move in LTC is my buy trigger for ETH [Video]

Orlando Gutierrez Learn 2 Trade

Yesterday news outlets started to pickup news from a fake tweet that Walmart was about to start receiving Litecoin as payment from October 1st. LTC surged 35% in minutes.

This was off course fake and Walmart released a statement that they were NOT accepting LTC as a form of payment. Prices in LTC crashed instantly to the session lows.

This move was felt all through out the crypto space and to me this was a buying opportunity in ETH.

Watch this video to see how I'm playing it out.

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Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.