• Litecoin is attracting institutional investment which spells good times in the long-term.
• LTC is once again facing short-term headwinds as whales start taking profits.

If you are wondering whether to add Litecoin [LTC] to your portfolio, the answer may have just become much clearer. Aligning your portfolio with that of whales and institutions might be a good idea especially in light of the latest Litecoin-related announcement.

Is your portfolio green? Check out the LTC Profit Calculator

Grayscale, one of the largest institutions heavily invested in the crypto segment, is increasingly interested in Litecoin. So much so that the cryptocurrency will be included in the FTSE Grayscale Crypto Sector Index Series. The latter made its debut recently as part of a partnership between FTSE Russell and Grayscale.

BREAKING: @Greyscale introduces a new partnership with @FTSERussell! Debuting the FTSE Grayscale Crypto Sector Index Series (Crypto Sector Indices) a set of rules-based indices!

Just 4 assets are included, one of which is Litecoin⚡️ https://t.co/8KQZ86KYJw pic.twitter.com/JXdID4EsAL

— Litecoin (@litecoin) October 24, 2023

The index series was launched with just 4 cryptocurrencies and Litecoin happens to be one of them. While

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Author: Michael Nderitu

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