The following discussion and analysis of our financial condition and results ofoperations should be read together with, and is qualified in its entirety byreference to, our unaudited financial statements and related notes includedelsewhere in this Quarterly Report, which have been prepared in accordance withgenerally accepted accounting principles in the United States (\"U.S. GAAP\"). Thefollowing discussion may contain forward-looking statements based on assumptionswe believe to be reasonable. Our actual results could differ materially fromthose discussed in these forward-looking statements. Factors that could cause orcontribute to these differences include, but are not limited to, those set forthunder Part II, Item 1A. Risk Factors in this Quarterly Report and under \"RiskFactors\" or the other sections of the Information Statement.<\/p>\n
Trust Overview<\/p>\n
Critical Accounting Policies and Estimates<\/p>\n
Investment Transactions and Revenue Recognition<\/p>\n
Principal Market and Fair Value Determination<\/p>\n<\/p>\n
Second, the Trust sorts the remaining Digital Asset Markets from high to low byentity-specific and market-based volume and activity of LTC traded on eachDigital Asset Market in the trailing twelve months.<\/p>\n<\/p>\n
Investment Company Considerations<\/p>\n
Review of Financial Results (unaudited)<\/p>\n
Financial Highlights for the Three and Nine Months Ended March 31, 2022 and 2021<\/p>\n
(All amounts in the following table and the subsequent paragraphs, except Shareand per Share, LTC and price of LTC amounts, are in thousands)<\/p>\n
Cash Resources and Liquidity<\/p>\n
Selected Operating Data<\/p>\n
Nine Months Ended March 31,<\/p>\n
Digital Asset Holdings per Share using Index Price (3) $ 11.23 $ 17.90<\/p>\n
(1)<\/p>\n
Historical Digital Asset Holdings and LTC Prices<\/p>\n
115.75 3\/30\/2018 $ 119.70 $ 118.16Twelve months ended March31, 2019<\/p>\n
22.48 12\/14\/2018 $ 60.23 $ 60.95Twelve months ended March31, 2020<\/p>\n
32.16 3\/16\/2020 $ 39.05 $ 39.05Twelve months ended March31, 2021<\/p>\n
37.57 4\/1\/2020 $ 193.39 $ 193.39Twelve months ended March31, 2022<\/p>\n
22.48 12\/14\/2018 $ 124.36 $ 124.36<\/p>\n
The following chart sets out the historical closing prices for the Shares asreported by OTCQX and the Trust's Digital Asset Holdings per Share.<\/p>\n
--------------------------------------------------------------------------------<\/p>\n
The following chart sets out the historical premium and discount for the Sharesas reported by OTCQX and the Trust's Digital Asset Holdings per Share.<\/p>\n
--------------------------------------------------------------------------------<\/p>\n
Edgar Online, source Glimpses<\/p>\n
<\/p>\n
Go here to see the original: <\/p>\n
GRAYSCALE LITECOIN TRUST (LTC) Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) - Marketscreener.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The following discussion and analysis of our financial condition and results ofoperations should be read together with, and is qualified in its entirety byreference to, our unaudited financial statements and related notes includedelsewhere in this Quarterly Report, which have been prepared in accordance withgenerally accepted accounting principles in the United States (\"U.S. GAAP\") Continue reading