With Bitcoin’s backing, Litecoin spikes 5% in a week

In the last three months, the correlation coefficient between Bitcoin and Litecoin was 0.78. Such a close movement could give credence to the fact that LTC would most likely join a BTC rally.

With Bitcoin’s backing, Litecoin spikes 5% in a week
With Bitcoin's backing, Litecoin spikes 40% in 30 daysIn the last three months, the correlation coefficient between Bitcoin and Litecoin was 0.78. Such a close movement could give credence to the fact that LTC would most likely join a BTC rally.