⁶yyyyyyyyy⁶yyyyyyy⁶yyyy⁶y⁶yy⁶yyüyüyyüú
I noticed this over time too. The higher Bitcoin goes, the higher litecoin moves with it.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.
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.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.
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.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.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.
We help each other to make money online. Get a beer and register with us, learn how we make a full-time job working from home like a boss.
Earnings Disclaimer: All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.