Bitcoin Forum

Litecoin is on an upward trend, so as Bitcoin http://bit.ly/1x5QyYQ

Do you think both these coin's price trend in anyway related?

I don't see any relation to be honest , the prices depends on Supply and demand and since they are two different currencies there is no relation
only relation it can be if one of them is down. let's say Bitcoin is down and dead , most of people will go looking to another Alternative coin and Litecoin may be their first choice so that should increase the price of Litecoin other then that I don't see any relation as I said

~ Madness

Given that 99% of altcoin purchases are done via bitcoin, you would expect that a 10% increase in bitcoin would by default translate into a 10% rise in altcoin prices, measured from a fiat baseline. But there is so much volatility in altcoin markets that it can be hard to spot that correspondence.

If I recall correctly, LTC value has been increasing of late as priced in satoshis, not just fiat. But that's just a small recovery of the great losses in  value that LTC has suffered over the past year, far more than BTC. So I wouldn't make much of it yet.

Over the past year or so I've seen altcoins thrive and dive with Bitcoin accordingly.

With that said coins like LTC have tanked dramatically compared to XBT, you only need to look at the XBT/ALT graphs.

Noticed that the rise and fall of the BTC also affects the LTC, so they are somewhat related, but not so much you can put a direct refference to it BTC could go up when LTC is going down or the other way arround, it is how the market works, I tend to buy LTC when BTC is high and sell LTC when BTC is low, so in the end I have more BTC :)

No relation or correlation from Alts to Bitcoin at the moment.

LTC used to be paired with with BTC price wise, but they depaired sometime in early 2014.

Litecoin used to be the Silver to Bitcoins Gold, but no longer.  They're truly independent of each other.

I personally think Litecoin is near it's death bed.  It's own creator is pretty much abandoning all development on it.

http://newsbtc.com/2014/12/21/charlie-lee-litecoin-not-need-development-right-now/

bitcoin down . ltc down thats normally
bitcoin affect with all altcoin i think.

Aside from a squeeze here and there LTC follows BTC faithfully but it drops harder than it rises usually. That's what i've seen in the last few months at least.
So are other alts unless they have something going on...

most, not all

they were always related. its like gold and silver. Litecoin is Bitcoins little extreme brother.

Give or take a few percent or a few days delay, all altcoins are 100% dependent on Bitcoin's price.

i think price of bitcoin will affect of altcoin :)
more up altcoin will down :D

Look at the charts.  LTC & BTC often couple (as in now).  But they have periods where they've uncoupled too. 

If you're going to use this as a trading strategy be damn sure they are in a coupled state & realize they can decouple at anytime. 

Oh, the Ethereum master trollscammer being there too.  :-*

http://puu.sh/fqtKP/99fd302ed9.png

Maybe yes.
remember about STR, when the price up and ppl trade to BTC, big sell wall, impact to BTC price.

I had big hopes with Ethereum but they are admiting lately things are getting more complicated than expect, the project may be put on hold for a long time or one of the main parts of it.

I don't think they're much related as there BTC owners like me who don't have any interest in any altcoins.

https://bitcoinwisdom.com/markets/btce/btcusd (https://bitcoinwisdom.com/markets/btce/btcusd) If you check the BTC-USD 30m graph and the LTC-30 graph you will see they are joined at the hip.

Does not need to be 30 min Graph but better to look further back to see how close it is,

In short yes they are related big time it's upto you to find out the rest  ;D

Well hero member you need to look abit harder lmao

Well hes kinda right, alts aren't powerful enough to distort the bitcoin price, unless in rare occasion when something huge happens (like the insane AUR pump)

Why is Bitcoin Price and Litecoin Price related? I mean, something like a proof that they are clearly related?

Most LTC bagholders have dumped most of their stash into other alts.

Maybe so..
They're both digital currency.

Hmm... some of them. LTC still remains as the no.2 crypto, behind BTC. And it has been around for many years now... unlike most of the other alts, which disappear after 3 or 4 months.

I hope alot of alts do die off, LTC will be around for some time, but i dont know what position it will hold.

Its #3 at present (thanks to ripple)

altcoins are not bitcoin - prices are not related

(once it looked like it, but not much longer now)

Hmmm... you are right.... the XRP market cap is $ 446,263,430 right now. The LTC market cap has dropped to $ 63,480,713.

But at the same time, we will have to wait and watch to see whether this is a short term phenomenon.

Im hoping Ripple will die away and we will just see a few high quality projects left with solid dev teams, it already appears that very few new alts are appearing.

They are related in the same way a clone is to the original. If you ever wore a clone Nike you remember where it pinched or bruised. So will you buy a clone again?

I always think they are. Litecoin in a way fell along with bitcoin, and exchanges evaluate altcoins in terms of btc, so should be related.

Ripple will fade gradually... and already that is happening.

And regarding new alts... yes... very few of them are appearing nowadays... when the original crypto (BTC) itself is in big trouble... there is not enough encouragement for the new cryptos.  ;D

like every one says, i too don't think the bitcoin price and altcoin price are related. but i saw when bitcoin price droped suddenly, some altcoin prices like LTC, DRK, Doge wend up in price!

I agree that those altcoins went up, I noticed that as well.

My only question is why would anyone buy up Doge, when Bitcoin went down? Doge has unlimited supply now and isn't as serious as it once was.

Usually if bitcoin goes up, altcoins go up too.

That happens when bitcoin goes up a lot and for some time.

yeah right, when bitcoin rose coin like a LTC and Doge go up

i think if the price of BTC goes up or down, most of the other coins go the same way. It's not always in the same %.
I'm not sure, but i think it is so.

Yes, altcoins are bitcoins little brothers including litecoin.

What happens to bitcoin generally happens to alts to, with a few exceptions like Nubits rises when Bitcoin falls as does Ripple and Stellar.

The others from what i have seen tend to fall along with their big bro.

I think it is. The price of some other coins like Litecoin and dogecoin actually fell along with the price of bitcoin falling

Litecoin was launched on a false promise like "Litecoin will be more decentralized because there will be no Litecoin ASIC mining because Litecoin is using scrypt". Yeah , right.
In general, the multiplication of the altcoins mean infrastructure fragmentation and rampant money supply inflation. Not exactly the road to success.
In the end, there is only one network and that is the Bitcoin network.
The same story happened before with the Web when some people or corporations tried to build their own version.

Sidechains are much more interesting than altcoins because they avoid the pittfalls of infrastructure fragmentation and money supply inflation.

Maybe so.  They are both cryptos. Right?

You are forgetting NXT, not to mention other 2.0 projects.
Ultimatley,

NXT WILL PREVAIL

Naw MAID will. Once the current bubble bursts dont forget to pick cheap ones.

What actually tends to happen is that when bitcoin falls by 10%, most altcoins tend to fall by at least 10.01% and when bitcoin rises by 10%, most altcoins tend to rise no more then 9.99%. In other words, most altcoins tend to fall over time when compared to bitcoin, however their Dollar prices are correlated.

Aren't all altcoin sold in terms of their bitcoin equivalent price ? And because of them aren't they actually correlated in terms of price ?

Obviously, if you look at coinmarketcap you will notice that most days when btc is up with 4-5 % all other coins are green too. :)

Yes...end of discussion

Well just think of it in a simpler way... Is USD (or another) and other fiat currencies' price related? Well, no. If they were, it wouldn't be significant because each of them are independent and share few similarities other than the technology and perhaps some technicalities.

something something something darkside
something something something herp derp I have no idea what the fuck I'm saying, because it's wrong.

Altcoins are related to the Bitcoin price, they are highly correlated.

But people still invest in altcoins, thinking some altcoin is going to outperform Bitcoin.  :)

Its possible that some altcoins might have a chance to outperform Bitcoin, but i hightly doubt it, however there is far more innovation going on in the alt community, its just a pity they couldnt all work together to make something better instead of branching out in all directions.

Bitcoin is a dinosaur with little innovation.
NXT is the only serious competition that BTC will face, and probably has the highest chance of anything topping BTC.
If not, it will come a very close second to BTC, but i dont actually consider NXT an alt at all.

Yes they are almost always sold in terms of bitcoin (with the exception of some of the major alts like LTC and DRK).

As mentioned above when the price of bitcoin increases in terms of USD by a large amount, the price of most alts decreases in terms of bitcoin, the same is true when the price of bitcoin decreases in terms of USD by large amounts

BTC goes up a few dollars 70% + of the altcoins drop like its hot mainly red, BTC now dropping because of more hacks/theft i guess we will see altcoins go into the green next day or 2  :)

yes, related. usually if bitcoin prices in uptrend, altcoin trader will move to BTC and alt prices drop
and otherwise

In terms of prices maybe they are related.

Nah..

If there were any connection, LTC should be as valuable as bitcoin right now.

Only big altcoins havei mpact on bitcoin price, most are negligible.

Where's the logic in that? When bitcoin has risen dramatically alt coins, especially LTC, have actually risen along with it but got no where near the price. I think it has a knock on effect and people rush to buy the next best thing.

Yes they are! they always were and always will be , that's why they are alts.
Though people might say other currency do not depend on each other , Actually even they do , that's how share and market value of exchange rate between currency's works

The two are usually correlated to some extent. As more money moves  into Bitcoin, no doubt, some of the BTC will flow into altcoins. The reverse is also true. However, when there is big news for altcoins and bad news for Bitcoins, you will see a drop in BTC price and a rise in altcoin price. At moments like these, the effect is stronger than the normal levels because the drop in BTC price may increase the buy pressure and increase the number of BTC in the hands of investors. When this happens, you find an overwhelming rising in some altcoin prices. This demonstrates the whole greater than the sum of its parts.

Connected in terms of their movements? Yes
Connected in terms of the 'causes' of the movements? hmmmmmmmm... Ok, no.

AFAIT , NO they aren't , they never will be.

The appropriate answer is no.
But what I feel is, every customer is feeling a little off about digital currency that is why.

you gave a good explanation for something I had ever seen, but I did not give much importance

BTC and alts are clearly correlated but my impression is that this correlation is gradually uncoupling over time
Anybody done any work on this that confirms/refutes this?

alt coins live in the shadow of bitcoin so I would say the prices are related if bitcoin fails they all fail.

you have to specify which altcoin you mean. some of them are, the famous ones specially the ones that are traded against dollar are related with the bitcoin price but any other altcoin's price is only affected by pump and dump.

Bitcoin goes up i see a lot of alts going down because people cashing out to get in bitcoin, bitcoin the crashes people buy back into alts and the cycle is ready to go again. Ltc being different that usually rises with bitcoin from what i have seen.

Altcoins prices are based on btc most of the time, if Btc goes up most alts will go up.