why does litecoin follow bitecoin ? almost identicle trends

Last Updated on April 17, 2023 by Paganoto

Why Does Litecoin Follow Bitcoin Closely? – Investopedia

Why Does Litecoin Follow Bitcoin Closely? – Investopedia

Because Bitcoin remains the principal cryptocurrency, other major altcoins such as Litecoin do tend to follow its price trends. Litecoin’s creator, as well …

Why do Bitcoin, Ethereum, and Litecoin follow very similar …

Why do Bitcoin, Ethereum, and Litecoin follow very similar …

Apart from sharing the same codebase, both cryptocurrencies also exhibit mostly similar price movements in cryptocurrency markets, rising and falling in tandem.

Analyzing recent trends of Litecoin – The News Minute

Analyzing recent trends of Litecoin – The News Minute

Litecoin was based on the Bitcoin protocol that aids in peer-to-peer value exchange at affordable costs.

Why do Altcoins Usually Follow Bitcoin? – Decrypt

Why do Altcoins Usually Follow Bitcoin? – Decrypt

The fundamental reason behind altcoins following Bitcoin is because altcoin prices are typically measured in Bitcoin.

Market Wrap: Bitcoin Pauses Losing Streak but the … – CoinDesk

Market Wrap: Bitcoin Pauses Losing Streak but the … – CoinDesk

The decline in BTC’s ATR (Average True Range) shows the reduction in BTC volatility, despite this week’s downward price trend. ATR is a market …

Short- and long-run evidence from BitCoin and altcoin markets

Short- and long-run evidence from BitCoin and altcoin markets

by P Ciaian · 2018 · Cited by 316 — Nowadays, however, almost all BitCoin trading is done in China (Fig. … by the same external driver, or the prices of altcoins are following the price of …

Truth About Crypto Price Correlation: How Closely Does ETH …

Truth About Crypto Price Correlation: How Closely Does ETH …

If Binance Coin trends up, they usually follow.” BTC–ETH correlation. At the same time, according to Zhu, the correlation between the two …

Check out the top five altcoins with negative correlation to …

Check out the top five altcoins with negative correlation to …

Why negative correlation to Bitcoin is important. A cursory glance at the markets often leads people to believe that Bitcoin and altcoins are …

How Interconnected Are Cryptocurrencies and What Does …

How Interconnected Are Cryptocurrencies and What Does …

By May 10, 2021, Bitcoin’s market cap had reached almost $1 trillion and … My goal in this Chicago Fed Letter is to examine how cryptocurrencies are …

You Don't Need a Diversified Crypto Portfolio to Spread Risk

You Don't Need a Diversified Crypto Portfolio to Spread Risk

Simply put, Bitcoin Dominance is calculated as: … Litecoin and Ethereum are both trade-able cryptocurrencies on Coinbase, which is …