LTCN ETF: Bullish Due To Altcoin Season But Volatility Comes First

Summary

• Grayscale Litecoin Trust (LTCN) has surged since November as the cryptocurrency market exhibits potential signs of transitioning toward an altcoin season amid reduced Bitcoin dominance.
• However, as shown by the recent retrenchment, Litecoin's progression will likely be punctuated by acute volatility episodes.
• Also, LTCN's market price often deviates from Litecoin's actual price due to supply-demand imbalances and high fees, making it suitable for short-term trading instead of holding.
• After the latest price action, LTCN trades at a significant premium to its NAV, indicating a high-risk entry point.
• Thus, this thesis suggests waiting for a better entry point when it trades closer to NAV.