Institutional interest in Litecoin is on the rise. While it is known as the “silver” to Bitcoin’s gold, that narrative is changing. It looks like Litecoin might be standing independently, since institutions and retail investors alike, are starting to see potential in it.
Grayscale Litecoin Trust (LTCN), after over a month, finally witnessed some gains as LTCN rose by 32.39% today.
There are 2 reasons for this rise. First of which is that yesterday, during the Darlington raceway, racer Landon Cassill, a crypto enthusiast himself, became the first driver to be paid entirely in crypto, specifically in Litecoin.