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❕NEWS What is the latest in the LTC market?

aryan4

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Rising from about $ 124 to $ 186, LTC, like all coins, declined, affected by Bitcoin sales. Rising from about $ 124 to $ 186, LTC, like all coins, declined, affected by Bitcoin sales.
Do you think it can go a little higher? Could there be the potential to go above $ 180 again?
 

aryan4

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As far as I've been tracking transactions on the Binance exchange, LTC seems to be in a somewhat decision-making phase. The transaction volume has also decreased a little.
 

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To me, everything about LTC is highly dependent on bitcoin. Whenever bitcoin increases, LTC tends to do so, therefore, it could go way beyond $180 if bitcoin increases so much.
 

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To me, everything about LTC is highly dependent on bitcoin. Whenever bitcoin increases, LTC tends to do so, therefore, it could go way beyond $180 if bitcoin increases so much.
I noticed this over time too. The higher Bitcoin goes, the higher litecoin moves with it.

It would be a good idea to get as much if it as possible, while the value is still low.
 

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I noticed this over time too. The higher Bitcoin goes, the higher litecoin moves with it.

It would be a good idea to get as much if it as possible, while the value is still low.
Yeah, it is indeed a good idea to get some ahead of the next bull run. One thing about litecoin which is common to most altcoin is that their percentage rise in price compared to btc is always so low although quite steady.
 

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I think I heard somewhere that the increase in the price of bitcoin affects litecoin because litecoin is designed to follow the price trend of bitcoin, so an increase in bitcoin price automatically means an increase in LTC.
That's true. Even looking at the graphs for the past year indicated that. It's just that litecoin is usually a bit behind Bitcoin, but not by much.
 

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I think I heard somewhere that the increase in the price of bitcoin affects litecoin because litecoin is designed to follow the price trend of bitcoin, so an increase in bitcoin price automatically means an increase in LTC.
Litecoin is forked from Bitcoin, so they are both on the same network. So, your observations are quite true about litecoin rising with bitcoin.
 
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