After the Fed’s FOMC meeting, crypto markets crashed, including Litecoin (LTC) price. This drop is due to the Fed’s hawkish decision on reducing the number of rate cuts in 2025 from the anticipated four to two. Grayscale Investments seem to be making the most of this drop by buying LTC. Will this institutional-led buying spree coupled with spot LTC ETF hopes trigger a rebound for Litecoin?
Grayscale Buys LTC Dip, Is Litecoin Price Rebound Next?
Litecoin price is trading at $109 after the market-wide crash, down by 25% from its highest level this year. This decline is mostly tied to the ongoing weakness in the crypto market, with Bitcoin price falling below $100,000 for the first time in two weeks.
Despite this short-term crash, Grayscale Investments is buying the LTC dip. Data compiled by CoinGlass shows that the company bought 2,230 LTC on Thursday, bringing its 30-day accumulation to over 41,100 coins. Its total Litecoin holdings are now valued at over $220 million.
Grayscale Li
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