I bought Litecoin (LTC), a type of cryptocurrency, I am still holding onto it. do I need to report it ? I have not sold anything.

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I bought Litecoin (LTC), a type of cryptocurrency, I am still holding onto it. do I need to report it ? I have not sold anything.

You report each trade or sale of currency. If you bought litecoin initially (without buying another coin and then transferring to litecoin) and are holding it (have not sold any) you do not need to report it yet. Please see this FAQ with more details: https://ttlc.intuit.com/replies/6468652