Investment firm Grayscale has amassed 178,691 Litecoins in the last 30 days. This LTC amount is approximately $30.7 mln at the current Litecoin price of $172. The accumulation of Litecoin is not limited to organizations like Grayscale. Earlier this week, Kiss frontman Gene Simmons announced on Twitter that he is a "happy investor in Litecoin."
Litecoin was also hit hard by the ongoing sell-off in the cryptocurrency market, which resulted in Bitcoin retesting the $44,000 price zone. At the time of writing, Litecoin is trading at $172, which is also an important support area.
Also note that Grayscale investment funds will be expanded to include multiple altcoins. The company announced this on February 26 on its official website. The list contains 23 altcoins: Aave (AAVE), Basic Attention Token (BAT), Cardano (ADA), Chainlink (LINK), Compund (COMP), Cosmos (ATOM), Decentraland (MANA), EOS (EOS), Filtecoin (FIL) ), Flow (Dapper) Labs) (FLOW), Livepeer (LPT), MakerDao (MKR), Monero (XMR), Numeraire (NMR), Polkadot (DOT), Reserve Rights (RSR), Stacks (STX), Sushiswap ( SUSHI), Synthetix (SNX). ), Tezos (XTZ), The Graph (GRT), Uniswap (UNI), Yearn Finance (YFI).