Grayscale Buys Litecoin as Prices Fall: Will LTC Rebound?
After the Federal Reserve FOMC meeting, the cryptocurrency market crashed, and the price of Litecoin (LTC) fell accordingly. This decline was due to the Fed's tough decision to reduce the expected number of interest rate cuts in 2025 from four to two. Grayscale Investments seems to have capitalized on this drop by purchasing LTC. Will this institution-led buying frenzy, combined with hopes for a spot LTC ETF, trigger a rebound for Litecoin? Grayscale buys LTC on dips, will the price of Litecoin rebound? After a market-wide crash, the current price of Litecoin is $109, down 25% from this year's highs. This decline is primarily related to the ongoing weakness in the cryptocurrency market, with Bitcoin's price dropping below $100,000 for the first time in two weeks.
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