Investors that are new to cryptocurrencies might find it easier to think of Litecoin (LTC) as a parallel to precious metals. Rather than thinking of it as a mysterious digital asset, think of it as the “silver” to Bitcoin’s (BTC) “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.
The post Daily Litecoin Price Forecast: When LTC/BTC Ratio Corrects, Litecoin Can Reach $85.00 appeared first on Profit Confidential.
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