Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC

Litecoin (LTC) is expected to see a significant price increase due to massive buying pressure from institutional investors like Grayscale. Grayscale recently added 10,000 LTC to its portfolio, now holding 1.86 million LTC ($122 million). This increased demand from institutional investors is bullish for Litecoin, as it could lead to more liquidity in the Litecoin ecosystem. Data from IntoTheBlock shows that other Litecoin whales besides Grayscale are also accumulating the crypto, with a surge in the number of LTC coins held by these whales. Investors holding between 0.1% and 1% of Litecoin's circulating supply have also increased their holdings in the last thirty days. Crypto analyst 28 Crypto believes that Litecoin is breaking out against Bitcoin on the daily time frame, which is bullish for the crypto. The analyst also predicts that Litecoin will outperform all major cap coins, including Bitcoin and Ethereum. Another crypto analyst, Joao Devesa, expects Litecoin to rise to $100 if it achieves a successful breakout. At the time of writing, Litecoin is trading at around $67, up over 1% in the last 24 hours.