The crypto analyst added that Litecoin would likely usher in a rally for the crypto market as it has done in the past. Related Reading: Bitcoin Short-Term Holder Behavior Reminiscent Of 2019 As BTC Remains Below $60,000 It is worth mentioning that Grayscale’s Litecoin holdings are the underlying assets for its Grayscale Litecoin Trust (LTCN), which offers institutional investors exposure to the crypto asset.
Furthermore, investors who hold between 0.1% and 1% of Litecoin’s circulating supply have also increased their holdings in the last thirty days. Litecoin Price Is Set To Witness A Breakout Crypto analyst, 28 Crypto, revealed in an X post that Litecoin is breaking out against Bitcoin on the daily time frame.
A recent analysis by crypto analyst 28 Crypto also showed that Litecoin is poised to enjoy significant price gains. Grayscale Adds 10,000 LTC To Its Portfolio In an X (formerly Twitter) post, crypto commentator Bamboo shared data from the crypto data analysis platform Coinglass, showing that Grayscale had recently added 10,000 LTC to their portfolio.
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