Bitcoin Forum

Litecoin has been experiencing a strong surge of late and some analysts believe this could be setting Bitcoin up for an eventual recovery.
To learn more read here: https://www.cryptofish.com/blog/litecoin-surge-boost-bitcoin/

Almost every currency is paired to BTC. If for some reason only a single altcoin (not the entire market) is surging then most people are probably selling it for bitcoin. Which means that similar thing can apply with every altcoin, the fact that in the article everything is described on the example with litecoin doesn't really matter.

I honestly don't even see why people buy Litecoin and why we need it, maybe besides a lab rat to test stuff that could be added to bitcoin. The tagline "silver to bitcoin's gold" makes zero sense to me.

Wait what? If people are selling it for Bitcoin, wouldn't the price dynamics move in the opposite direction? The coin they're selling would slide while Bitcoin would surge?

Either way, if Litecoin's halving is indeed the catalyst for this pump (I feel that this is temporary), Bitcoin's won't be coming until early next year, with the halving estimated to happen around May 2020. I don't buy the Litecoin is shepherd and Bitcoin is sheep comparison mentioned in the article; if nothing else, it's the other way around. People are just trying too hard to look for signs of the end of the bear market.

Litecoin does experience surge in price but there is nothing behind the surge which the coin had early this year and the current surge in price of the was because of the lightning network and the new core version which was implemented by the team involved. With that been said, I wont trust much in litecoin surge or believe what the article says if I were you.

Emm... Nope.
If people are placing more sell orders for LTC than buy orders then it means that the price is going down. At the same time demand in bitcoin is increasing which cause the price increase for bitcoin.
Also halving does not guarantee that the price will grow.

bitcoin recovery is not enough just with Litecoin, analyzing some important points that will make bitcoin recovery namely the level of demand in the market for bitcoin not for altcoins. altcoin products are indeed helping bitcoin recovery but that is not enough and basically very simple but speculators extend a confusing story I think the recovery will be obvious if bitcoin rises 25%

i don't really see any "surge" so imagine my surprise reading the very first line your comment here!
as for the prire relations, so far i have not seen it work that way in the past 9 years that LTC has been around. in fact it has always worked the other way around meaning when bticoin rises litecoin gets pumped to follow it up.

Hopefully this pair continues to gain steam. It looks like both are holding support.

Basically, i thought all altcoins looked up to Bitcoin and not Bitcoin looking up to any of these shittcoin just named. Whenever Litecoin is sold, its done solely for the exchange of Bitcoin, so, all altcoins depend on Bitcoin to surge. Remembering the last market price surge, its was as a result of Bitcoin high demands, which was not of any (shitcoin)altcoin.

I think the  Litecoin price is bullish due to the halving later this year, but also do to the talk about adding a privacy mimblewimble function to litecoin, that's why I bought a few litecoin. If this mimblewimble really gets implicated into litecoin, I think we will see litecoin go to new highs. And if mimblewimble works with litecoin we would maybe also see it added to bitcoins one day in the future.

Cryptocurrencies market as a whole is somewhat correlated when Bitcoin prices surge the market follows. So does in reverse. However, I don't see the point where Bitcoin is dictated by altcoins markets, AFAIK. Although I believe somehow when some big influencer is taking consideration of blockchain technology or cryptocurrencies in general, undirectly Bitcoin awareness a little bit rising, as a result, there are some market movements.

If that surges very fast, I think there's a hype behind litecoin and that's not worthy to become believable to boost bitcoin price as well. Probably those so called improvements mentioned here could do those awesome things with bitcoin, and as its going to be implemented soon the trust will be built from the people behind it. Trusting your litecoin is great idea, but not to the fullest because it's always good to be clever rather than being a failure after all. Have some other alternatives with other promising crypto, so that you won't be focused on only one asset.

Litecoin is halving in August so we might see the bull run before the bull run being sparked off by LTC. Looks like though the rally is slow and steady for Litecoin and I am not sure if a month or so before the halving we get a parabolic swing upwards with LTC, or just a slow and gradual climb like is happening right now as more and more peeps fill their bags with LTC because of the knowledge of the big event coming. I have no clue how much upside LTC has form here on but the last bull run got it to five times the price it is now. I think personally we are a long way from a parabolic rise but it might do a nice little pump before the event, like buy the rumor sell the news type of thing but maybe settle at around a hundred bucks or so after the halving event occurs.

Why not litecoin has been one of the few coins in the market that have done great marketing of their coin, and it has good support from traders as you can see in the market, they are the only coins that are gaining a lot from the market current condition, so to the tag silver to bitcoin gold should stay.

Every cryptocurrency is related to cryptocurrency in one way or the other. Litecoin suddenly experienced a big price increase and the same gets related to bitcoin as both were on the same platform. Even now there is a massive drop of around $60 with bitcoin, but Litecoin experienced such a big drop. Litecoin grow needs to take place with bitcoin in a mutual way.

Yes, it is a strong surge but I don't think it can significant effect on bitcoin's price. If there is an effect then obviously by now the price of bitcoin should also risen. So let Litecoin go on a boom today and just wait for the eventual bitcoin's bull run next year.

I think you have made a good point here!  It is very important we should know that bitcoin pair with most of the altcoins in the exchanges platforms and a single coin may not influence it pricing direction much.  We should also remember that bitcoin is the only coins that if it is surging do draw almost all others cryptocurrencies with it and I believe that when dollars or fiat is weaking against bitcoin that is when the cryptocurrencies market surge.
Litecoin has no capacity to makes bitcoin surge!  Come to think of it, how much is the over all market capitalization of litecoin and what are it dominance in cryptocurrencies market? 

Without a doubt, Litecoin is a good coin and is one of the best coins so far and it is good for investment because of its advantages this year, I hope that Bitcoin follows Litecoin on the rise, although I only saw the effect of Bitcoin on the rest of the coins, But if Litecoin will open the way for Bitcoin to rise again, this is a good thing and the market may recover quickly, Then the sheep (BTC) will turn into foxes and devours the shepherd (LTC).

Litecoin's about to halve so everyone who understands what will be the effect of it will start to panic buy. Yes, people will keep on buying before that day of halving on August. We are few months away from it and that's why everyone rushes to have his own Litecoin.

To follow the schedule and time of the halving see the countdown:

https://www.litecoinblockhalf.com/

I also saw an article that tackles about this surge and boost.

https://www.newsbtc.com/2019/03/24/litecoin-boom-past-60-could-set-bitcoin-btc-up-for-a-surge/

Yes, this is why litecoin is also moving on a great price in the past days and if the halving succeed for LTC, for sure the same thing can happen to bitcoin so its true thay LTC can help the BTC to pump higher again. The next halving as expected the price booster, so panic buyers are now coming in let’s hope for the best for both LTC and BTC.

Litecoin does have a good development, this shows a movement that continues to improve, the possibility will continue to increase and a great opportunity to remain a popular coin. The team is quite swift in overcoming every market movement so that it can give confidence to the community.

a small rise after a gigantic drop is not called a "surge" and even if there was a surge and more surge in the near future, it will never do anything to bitcoin because first of all LTC market is so much smaller that can not do that but also because it is an altcoin so the relationship is in the opposite direction.

with that said, because of LTC halving we are all expecting a big pump. but i am currently waiting for it to start before deciding what to do.

For me litecoin probably is late reaction after the bump of bitcoin reason why  the price make an increase as well. because we all knows that mostly alts never increase its value when bitcoin is stable and it will make a move only once bitcoin bullishing again which is always after. So probably it's late reaction and i don't believe litecoin can cause bitcoin to boost in the future since bitcoin always lead the way.

But the correlation of boosting Bitcoin because of a small price movement doesn't determine that Bitcoin could boost. Since Litecoin is just an altcoin that doesn't have the power to make Bitcoin to boost so does Ethereum too and other altcoins. It might gain some huge adoption of most traders but it will never gonna boost the Bitcoin.

I think any other big changes will not happened while the other currencies affected are developed because Bitcoin is not so much connected to any other currencies so if the changes will not happen to Bitcoin is not applied for any other investment and the other investment are developed it will not affect bitcoin.

litecoin doesn't give any impact to the bitcoin but bitcoin does it to the litecoin. bitcoin never gets dominated by altcoin and even ethereum can't give a huge impact to the bitcoin. Litecoin definitely don't give any impact to the bitcoin

The only connection Bitcoin has is that everyone is pegged against it, all trading pairs are based on bitcoin.

But if there are any effects or correlation? I don't think so, everyone crypto is looking at bitcoin price before they moved. In this instance, it's good to see that Litecoin is making a significant gain but I'm not totally sold on it's effect or at least boost bitcoin price.

Litecoin and bitcoin are paired together so a pump for ltc could indeed lift bitcoin. That in turn will lift the rest of the coins so the effect is that litecoin is helping the entire crypto market

Indeed in the time of halving too. I can say if you wish to invest on these coins it is really best options for investors who can go for long term or short investments. I know currently market is really not well and by this link we may boost the market expectation nothing else.

Halving will definitely going to succeed for Litecoin. We have seen it before for bitcoin and on how it became a very reliable event for a crypto to see such moves for the pricing.

I'm thinking on how it will affect the price of bitcoin once the halving's done. Will the people sell their litecoins at good price and buy back bitcoin? A lot of things plays on my mind on what will be the positive effect of this upcoming halving.

Coming Litecoin halving should help Litecoin outperform bitcoin. In any case, it track and outperforms bitcoin usually just because of its low marketcap.

The increase in Bitcoin is not from the increase in demand from altcoins, the increase in Bitcoin is due to a lot of market demand for Btc. Indeed, it can be admitted that altcoin requests have a little effect on increasing Bitcoin, but that is only a few percent. The fact that it happened was the opposite, namely increasing Bitcoin will have a positive impact on the altcoin.

Although Litecoin does not have an impact on bitcoin at least many investors still hold on to bitcoin. This Litecoin is an altcoin that is likely to be a stepping stone for investors to be able to own bitcoin.

in a market you can never call a "pump" as "outperforming". a pump is just a pump and the LTC halving has always been a pump in the past and this time it is not going to be any different either. we will surely see a big price rise when the Chinese mostly pump it to the moon and like always they also dump it suddenly and dump it hard.

I personally think the reverse should be the case because the last I checked, litecoin is just a fork of bitcoin with less features because bitcoin already has what litecoin have and people will always choose to make use of bitcoin instead of litecoins for their transaction because of the trust bitcoin have already built for itself, this is the main reason why I don't think the growth in litecoin will affect the growth in bitcoin but I know that the growth in bitcoin will definitely affect the growth in litecoin because it is part of the first coins in existence.

After waves, I do see litecoin is the second coin which made its recovery last month and there will be a scheduled halving for it to be happening this year which may be another reason why litecoin is surging.

It think the surge of LTC is not related to BTC and its the other way around. Or if there is a correlation between the two then it might be just small range in price that will be evident.

If we look towards the development of a very appropriate potential so everyone's expectation is present to a large extent by the positive.

Litecoin has been making significant progress in terms of pricing. This evening everything has been positive and I expect litecoin cross $100 before the end of this weekend. If the current state of things continue then I believe that good news about bitcoin or litecoin is going to have impact on one another.

The Chinese I guess will make things possible for this coin and it will affects Bitcoin in some points, knowing that btc is the major crypto being used inside the exchange if investors will bring LTC to it's hype mostly they will use Bitcoin as a base currency, though there's also some pairs around but mostly Bitcoin will be bought before exchange it  to LTC for investment process.

The LTC started to grow after the dev's tweet on twitter, and is steadily moving forward. The latest increase helped it to reach closer to $100. From now on, I guess it can recover, this will be more robust than before.

Top coins are helping each other to pump more, that development of LTC is good for the whole market and I believe it’s also the reason for the previous pump. It bitcoin make a big pump, the price of the market will also go high same thing with the top altcoins, they can also influence the market.

What tweet ? Im a regular user of twitter but i dont see that  coming . lately it was ripple that shills on twitter but it didnt get positive results and now its ltc ?  Gee , why they are so desperate to market their coins  .   ltc and ripple are both good , they dont need to try hard .


Litecoin surge is good but i dont think it can have an impact to bitcoin .  bitcoin is the one that can give impact to ltc and to other cryptos as well  .

And we go back again in 3 digit of price LTC, I hope this pantern continue until we reach 150$. These market condition was really nice right now iam still on bullish market today.

Well imo it should be the opposite shouldn't it?
It shall be Bitcoin boosted Litecoin imo

Bitcoin is paired to most crypto, hence its the trigger as always

because litecoin is one of the coins that is always moving forward so this year litecoin will experience a very good price increase if my predictions

Litecoin is indeed a legendary coin that still lasts until now from year to year litecoin is able to survive in all existing economic obstacles so I am sure this Litecoin can be a coin that is very suitable for the long term.

Just wait and see. But I am sure that litecoin can compete with the other coins especially ethereum, dash, or zec. And I see on the CMC, litecoin position has on the number 4 position beat bitcoin cash. But still, to beat xrp or ethereum position, litecoin needs to be patient, and they can try to increase the price by slowly. I am sure that soon, litecoin will reach $100 and will fly higher and who knows, litecoin price can reach more than $150.

I'm bullish in litecoin and would definitely buy more or convert my payout tokens to ltc as it would give me a sure profit. Litecoin price surge will not only boost btc as it would help eth, xrp, eos and others to surge. I planned to buy Ltc this week and would set up my wallet first =)

Litecoin has been one my favourite since old times.the transaction is about 5 times faster if considered with bitcoin and really helpful for merchants in doing dealings.After the downfall of price since last year the prices have tremendously fallen.But soon the prices will soon reach upto the mark so that miners can again start their Scrypt algorithm and start mining.Also Litecoin can produce more number of coins making transactions faster.Only time will tell.Just have to wait and watch.

Litecoin is pumping a lot more than bitcoin and will continue to do for the next few months at least. Litecoin will halve first so smart investors are buying them up now before it's too late

I really don’t see much relationship between the 2, of what value has litecoin added to bitcoin? How does the action of Litecoin affect the one of BTC, we all understand how that of BTC operates and affects other coins available in the market which Litecoin is even inclusive.

I wonder why many loyalist of a particular coin will just be seeing wrong visions just because they are not part of the Happy BTC family. I don’t think it has ever been in the history where any altcoins really pump the value of Bitcoin, yes, I agree they can add to its increase during exchanges and trading but not to the extent of pumping it to really conclude that a coin assisted it.

I'm not sure about this. The way that money moves from fiat is mostly through BTC. Yes it can be done direct with LTC, but it's not the main route. If I see LTC price jumping then I would expect this to be in large part because of people selling BTC, so driving BTC down.

so or nights almost the entire cryptocurrency depends on the price of Bitcoin. It is often enough to migrate funds from Bitcoin and ethereum to other coins, but this is not a large scale.

Litecoin is a project to watch till the halving later this year, people tend to underestimate the importance of Litecoin to Bitcoin ecosystem, somethings I look at those criticizing the project as those that miss out on it, just like those that missed out on Bitcoin and Ethereum and trying to shill you their won baby for you to buy and invest.

I didn’t know someone is thinking in my own direction too, at least you were able to back your own with facts which is better than someone just coming to tell us that LTC surge will affect Bitcoin, which I still don’t get to understand how it intends to do so, the only way I can interpret this is if people will require BTC to be able to successfully get btc, then we can say that it will make people change their fiat to BTC first which will affect the marketcap of BTC positively but temporarily, because they will eventually withdraw the btc to ltc.

Well, let the surges come, then we will see if it’s possible or not.

The wave of the crypto market moves and leads to an improved market. LTC is moving well and having this development is a decent thing, bitcoin is able to take it to a higher place even if only a few percents. Bitcoin is able to increase but now LTC actually decreases and should buy and save it.

I don't know if it's not the other way around, but Litecoin positive developments have never been bad for Bitcoin, especially because the two work closely together on the same technology. But speculators probably don't really know this or don't care, so I doubt there's really an end impact on price. Adoption and technical strength are for sure the big winners, remember Segwit? Now if Litecoin could make LN grow up quicker too!