LTC showing strong correlation with BTC

٩ ديسمبر ٢٠١٧

Litecoin has just peaked like Bitcoin did just about 48 hours before. This makes sense as LTC it is often touted as the "lightweight" version of BTC.

My guess is that after BTC's and IOTA's amazing rise, many newcomers are opening to alt trading and are betting for Litecoin, especially in the Coinbase app (which, incidentally, is no. 1 in the iOS app store). It is very probable that the chart will continue to show perhaps a second peak and then correct slightly and plateau.