Topic: Bitcoin - Litecoin correlation (Read 1031 times)
One can find comparisons with anything if you squint enough and move a few lines around. Bitcoin did pretty much nothing during LTC's big pump last year. That may or may not have been something to do with some Chinese dodginess, I'm not sure, but they are quite different markets at heart.
Litecoin seems to follow Bitcoin similar to silver following gold. I have watched Litecoin closely for a year and it does have a bit of a lag with Bitcoin but it eventually goes up if Bitcoin is going up. Definitely an interesting coin. I don't have many - wish I had more.
great graph! it looks like if bitcoin spikes theres a chance to get
on litecoin before it makes its similar rise.
I will have to keep an eye on this. I dont trade often so do they
normally rise same time? or is there a chance to jump on ltc.
on litecoin before it makes its similar rise.
I will have to keep an eye on this. I dont trade often so do they
normally rise same time? or is there a chance to jump on ltc.
Nice graph to compare them at eyesight. Yes, they pretty much follow the same pattern, which is good (I think) for Litecoin, it seems to mean a lot of people trusting Bitcoin trust litecoin also.
Litecoin is silver and best bet if everything fails with BTC
Litecoin is silver and best bet if everything fails with BTC
Litecoin makes the same pattern as Bitcoin, but in longer term - like week or month. In shorter term I think Bitcoin pattern is his own only.
it look like litecoin is following the same pattern but with a big delay, since it happned later, i think every big altcoin will follow this pattern, since they are somehow tied with bitcoin
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