Daily Litecoin Price Forecast: When LTC/BTC Ratio Corrects, Litecoin Can Reach $85.00

Investors that are new to cryptocurrencies might find it easier to think of () as a parallel to precious metals. Rather than thinking of it as a mysterious digital asset, think of it as the “silver” to ’s () “gold.” It is practical and commercial rather than a store-of-value, exactly like silver.

This relationship is old Litecoin news, but it serves as a healthy reminder that the Bitcoin price and Litecoin price travel as a pair.

Like gold and silver, there is a standard LTC/BTC ratio. Just to give you a sense of it, the last time that Bitcoin traded in the high $4,000 range, Litecoin was trading between $75.00 and $80.00.

That relationship.

The post Daily Litecoin Price Forecast: When LTC/BTC Ratio Corrects, Litecoin Can Reach $85.00 appeared first on Profit Confidential.


(Visited 38 times, 1 visits today). Overall Top Posts for today In Archives and Sidebar.

Comments are closed.

Close Menu