Investors who are new to cryptic are more likely to think of Litecoin (LTC) as a parallel to precious metals. Instead of considering it a mysterious digital capital, think of it as the "silver" for Bitcoin (BTC) "Gold." It is practical and commercial, not as a store of value, just like money.
This relationship is old Litecoin News but serves as a healthy reminder that Bitcoin's price and Litecoin's price riding as a pair.
Like gold and silver, there is a current LTC / BTC ratio. Just to make you feel that Litecoin traded between $ 75.00 and $ 80.00 the last time Bitcoin purchased at the top end of $ 4,000.
This relationship, however, does not always remain in perfect harmony. It is no longer synchronized with market development, leading to imbalances that investors can use profitably.
For example, Bitcoin recently surpassed the $ 5,000 level. On Thursday morning, it reached more than 8% and reached $ 5,222.70 at the time of writing this report. This meeting, plus some others earlier in the week and the previous week, was not shared by Litecoin.
There has been no consistent growth in long-term care prices. Although the exchange rate of Litecoin to USD increased by 6.68% to $ 54.06, the accumulated gains of the last two weeks in comparison with Bitcoin are meager.
Nowhere is it more evident than in Litecoin's price list:
You will see LTC return to the green ticket (marked by the green line), while simultaneously falling against Bitcoin (marked yellow). The space between these lines is an opportunity for investors.
Investors who own Bitcoin could sell BTC chips in exchange for Litecoin. LTC shares are likely to go from $ 80.00 to $ 85.00. Here would synchronize them again with bitcoin prices.
Taking the analyst:
We expect LTC prices to recover in the coming weeks, most likely after Bitcoin has finished his demanding career. This event will bring funds to the Altcoin market. At the same time, Litecoin will find its natural balance with Bitcoin. This will help bring LTC to our 200,000 Litecoin Preisprognose by 2018.