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Grayscale Litecoin Trust ltc   (LTCN)
Other Ticker:  
 
    Sector • Financial    Industry • Exchange Traded Funds Etf
 
Price: $8.3400 $-0.12 -1.418%
Day's High: $8.632 Week Perf: 5.3 %
Day's Low: $ 8.22 30 Day Perf: -28.66 %
Volume (M): 61 52 Wk High: $ 54.45
Volume (M$): $ 505 52 Wk Avg: $17.80
Open: $8.39 52 Wk Low: $7.12



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 15
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 51
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Grayscale Litecoin Trust Ltc
Grayscale Litecoin Trust (LTC) is a financial product offered by Grayscale Investments, allowing institutional and accredited investors to gain exposure to Litecoin (LTC) without directly owning and managing the cryptocurrency themselves. The trust holds a specific amount of Litecoin, and investors can buy shares in the trust, representing a fractional ownership of the underlying cryptocurrency. Grayscale handles the storage and custody of the Litecoin, as well as the daily management of the trust. Investing in Grayscale Litecoin Trust provides a convenient and regulated way for investors to gain exposure to Litecoin's price movements without needing to buy and store the cryptocurrency directly.


   Company Address: c/o Grayscale Investments Sponsors, LLC Stamford 6902 CT
   Company Phone Number: 668-1427   Stock Exchange / Ticker: LTCN


   

Stock Performances by Major Competitors

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Grayscale Litecoin Trust Ltc

Grayscale Litecoin Trust Ltc Reports Zero Revenue in Q1 2024 Earnings Season



Grayscale Litecoin Trust (LTC) has experienced an alarming decline in its financial performance, leaving investors concerned about the long-term viability of the company. Despite the recent rally in the market, the company's fiscal three months ending September 30, 2023, showcased worrisome figures, with balanced books at $0.00 per share. This represents a significant decline from the previous year when earnings were also reported at $0.00 per share. Additionally, for the first quarter of the 2024 earnings season, Grayscale Litecoin Trust (LTC) reported a significant net deficit of $-59.453 million, further exacerbating concerns among investors.
Financial Struggles and Forecasts:
The sudden plummet in Grayscale Litecoin Trust (LTC)'s financials raises serious red flags for potential investors. It is crucial to highlight that the prior year's reporting season showed no signs of improvement, with the company posting meager earnings of $0.00 million and $0.00 per share. This unsettling trend indicates that Grayscale Litecoin Trust (LTC) has failed to capitalize on any potential growth opportunities.
The upcoming financials scheduled to be reported on February 07, 2024, have garnered considerable attention from investors. Unfortunately, given the lackluster performance over the past several periods, it seems unlikely that Grayscale Litecoin Trust (LTC) will be able to present any significant improvement in its financial numbers. The lack of positive growth prospects should be a cause for concern for potential investors looking for stable and thriving investment opportunities.
Market Performance:
Another area of concern for investors is the recent decline in Grayscale Litecoin Trust (LTC) stock value over the past five trading days. Observing a downturn of -2.04%, corresponding to a year-to-date performance of 139.37%, the company has failed to attract investor confidence. Considering the significant fluctuations in the financial and market performance of Grayscale Litecoin Trust (LTC), it is clear that the company is grappling with multiple challenges that hinder its growth and stability.
Grayscale Litecoin Trust Ltc

Grayscale Litecoin Trust (LTCN) Witnesses Unprecedented Growth with $0 Million in Top-Line Revenue in Q2 2023



In the financial reporting period from April to June 30, 2023, Grayscale Litecoin Trust LTC recorded zero gain of $0.00 per share, indicating no improvement from the previous year or the preceding financial reporting period. The company also reported unchanged revenue of $0.00 million compared to the comparable period in the previous year and a sequential decline from $29.58 million.
Financial Results:
Grayscale Litecoin Trust LTC disclosed a net deficit of $0.000 million for the April to June 2023 period, which remained unchanged compared to the same period last year. Additionally, the company recorded a deficit of $0.00 million in the fiscal period 2023, accompanied by revenue of $0.00 million.
Grayscale Litecoin Trust Ltc

Grayscale Litecoin Trust Ltc Reports Impressive $29.576 Million in Revenue for Q1 2023

Grayscale Litecoin Trust Ltc is a cryptocurrency investment trust focused on providing investors with exposure to the popular cryptocurrency, Litecoin. The trust is managed by Grayscale Investments, a subsidiary of Digital Currency Group, one of the largest investors in the cryptocurrency space.
According to recent financial statements, Grayscale Litecoin Trust Ltc's revenue for the financial span ending March 31 2023 was $29.576 million, a significant increase from the same period a year ago. However, the trust reported a net loss of $0.000 million, compared to break-even in the comparable reporting season a year ago.









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