Discover the potential price movement of Litecoin following the ETF request and market dynamics. Will LTC reach $147 or drop to $105?
Litecoin (LTC) price saw a 25% growth after news of applying for an ETF approval by Grayscale. This news increased demand from institutional investors and drew market attention to this digital currency. The Long/Short Market Value to Realized Value (MVRV) ratio is currently very positive, indicating that long-term holders are still profitable. This strong foundation allows Litecoin to maintain its upward trend even during market fluctuations.
