What Is the Connection Between Bitcoin and Litecoin Prices?
The traders’ logic is the same on any market. The expectations and fears regarding any price are represented by the graph itself. But is there a direct connection between the BTC/USD and LTC/USD prices? After a downward movement Litecoin has switched to an upward trend, just as Bitcoin did. This similarity between trends is mostly dependent on USD quoting. After stopping at a long-term level of $3.12, the sellers have started closing their positions, which enabled the buyers to form an upward trend. After breaking through the medium-term level of $3.24, the buyers have held their positions....
Related News
The price of litecoin surged across major exchanges in anticipation of Huobi, one of the largest China-based digital currency exchanges, officially adding support for litecoin trading today. The exchange added to the anticipation after announcing the news last week by adding a 'moon landing' countdown clock to its site: As of press time, the price of litecoin on exchanges BTC-e and Bitfinex had hit a high of $20.25 and $20.33, respectively, before dropping to $19.35 and $19.39. These figures were up from opening prices of $17.49 and $17.50, according to data from BitcoinWisdom. Against....
Litecoin, the original altcoin, was created in 2011 and is very similar to bitcoin in all but a few aspects. Intended to be "The silver to bitcoin's gold", Litecoin has surpassed bitcoin in daily trading volume (USD). Coins ranked by Market Cap. A few takeaways from the chart: Litecoin's 24h trade volume is nearly $8m more than bitcoin. Litecoin has surpassed Ripple, nearly overnight, to reclaim it's spot as the second largest coin. Litecoin is experiencing rapid growth, more than doubling in the past few days. Litecoin and bitcoin have both experienced rising prices amid the Greek debt....
Sunday's bitcoin price panic caused altcoin market caps to evaporate and made most altcoin prices drop as well. The litecoin price bore the brunt of the market's wrath, falling 7% and dropping the Litecoin market cap by almost $8 million in a single day. However, the bitcoin price recovered, which in turn inflated many altcoin prices to previous levels. Nevertheless, although litecoin's market cap grew by 5%, its bitcoin trading pair price failed to recover. Also Read: Bitcoin Price Decline Makes Altcoin Market Caps Bleed. Litecoin Price Fails to Rebound from Bitcoin Price Panic. Monday's....
Litecoin prices are up nearly 30% in a 24-hour period with price pushing beyond $10 per coin amid anticipation of the protocol upgrade, Segregated Witness or SegWit. Over the last 12 months, Litecoin has predominantly settled under $4 per coin before it caught bullish wave in the final days of March. Prices soared, nearly doubling on March 30 to just under $8, setting a 20-month high during the day. Those strong gains continued this week, with prices now doubling over a five-day period after Litecoin’s biggest pool – F2Pool, signaled for SegWit on April 1st. Speaking to CCN in early....
Litecoin is once again experiencing losses following bitcoin's movements. The 24hr loss neared 4% and the litecoin price sunk to $1.69 from $1.76. The litecoin market seems to briefly have taken the upward turn once again though as the price is currently recovering from the daily lows. Bitcoin and litecoin, are their prices going hand by hand? As always, it's clear that bitcoin played a role in the recent movements that litecoin price took. While the patterns noticed in the charts can't really be described as identical, litecoin has been known for staying true to the direction that....