abdullatrader

Does Ethereum, Ripple and Litcoin follow Bitcoin?

BITSTAMP:BTCUSD   Bitcoin
Hello traders,

This is a simple education post to compare Ethereum, Ripple and Litecoin to Bitcoin.

Summary:
- Ethereum is the most currency that follows Bitcoin, however it failed to make any new highs while bitcoin keeps doing so.
- Ripple is the most currency that doesn't care about Bitcoin price movement
- Litcoin seems to be the most mature and stable currency

This concludes that if Bitcoin surges by 10% it doesn't really mean that the other coins will follow and vice versa.


Hope this helps!


Have a great weekend,
Abdulla

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.