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Why does litecoin and bitcoin correlate

Why does litecoin and bitcoin correlate

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A block within a blockchain stores transaction information. Litecoin is four times as generally ranks in the top like other investments.

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Litecoin vs Bitcoin (LTC vs BTC)
According to IntoTheBlock's Matrix, BTC has a correlation score of with Litecoin (LTC). This is relatively high since the highest possible. On the other hand, Litecoin price has bounced back by about 32% from its lowest point this year. It is unclear why Litecoin has done well in the. bitcoinsnews.org � investor � /11/16 � how-do-cryptocurrencies-c.

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Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency. Overlapping area represents the amount of risk that can be diversified away by holding Litecoin and Bitcoin in the same portfolio, assuming nothing else is changed. Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. As tempting as it is to see the face of god in market reactions to halvings, correlation does not necessarily imply causation, and these milestones are no different � be they Bitcoin or Litecoin.