Is Bitcoin and Altcoin price related?

[DaveSaldana123]

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?

[Madness]

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

[ebliever]

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.

[Cryptopher]

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.

[neoneros]

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.

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

[ChuckBuck]

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/

[Drummer]

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

[TiberiuC]

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...

[waaat?]

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

most, not all

[LiteCoinGuy]

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

[Kazimir]

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

[Lord Of The Ring]

i think price of bitcoin will affect of altcoin
more up altcoin will down

[Sage]

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. 

[Mellnik]

Oh, the Ethereum master trollscammer being there too. 

[avatar_kiyoshi]

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?

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

[BillyBobZorton]

Oh, the Ethereum master trollscammer being there too. 

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.

[countryfree]

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

[WhalingWhales]

Litecoin is on an upward trend, so as Bitcoin http://[Suspicious link removed]/1x5QyYQ

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

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  

[WhalingWhales]

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

Well hero member you need to look abit harder lmao

[neurotypical]

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

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)