naoisegolden

LTC showing strong correlation with BTC

BITSTAMP:LTCEUR   Litecoin / Euro
LTCEUR has just peaked like BTCEUR 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 BTCEUR 's and IOTUSD '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.

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