Litecoin (LTC) Price Might Soon Explode as Fidelity Digital Adds LTC to Its Portfolio of Digital Product Offerings

Litecoin (LTC) has been overshadowed by more popular coins like Ethereum and Bitcoin and this is evident from its recent performances. However, its fortunes might soon change courtesy of Fidelity Digital's latest moves.

Litecoin (LTC) has been around for a while now, but its popularity has been overshadowed by more popular coins like Ethereum and Bitcoin. This is evident from its recent performances. However, its fortunes might soon change courtesy of Fidelity Digital’s latest moves.

According to a recent report, Fidelity Digital has added LTC to its portfolio of digital product offerings. This is an important development which will allow Fidelity clients in the U.S to gain exposure to Litecoin. This includes institutional investors. At the moment, the company manages assets worth over $12 trillion.

Litecoin meets the criteria of assets that are similar to BTC, such as scarcity and proof-of-work consensus algorithm. Worth pointing out though that Fidelity Digital did not hint at the possibility of a Litecoin ETF any time soon.

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