Do you invest in Litecoin? It generally moves in the same direction as Bitcoin.
The correlation between Litecoin and Bitcoin is quite high (0.62) meaning Litecoin can be viewed as a substitude of Bitcoin.
Source: https://www.sifrdata.com/cryptocurrency-correlation-graph/
The full correlation data can be viewed at:
https://www.sifrdata.com/cryptocurrency-correlation-matrix/
- Conclusion*
If you want to diversify your crypto portfolio, it is important to choose coins from multiple clusters, like Bitcoin, XMR and NXT.