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RE: LTCUSD - Technical Analysis October 6, 2017 - Current Price $52.64
Litecoin started well ... for the last two months done ziltch.. I see bitcoin is on the up very nicely now I hope they all follow.. Soonest. Cheers ;)
Thats exactly the correlation im looking to observe, whether it still exists and how strong it is. The interesting thing about crypto is that in theory BTCUSD shouldn't actually drag up the entire market as cryptos are priced in it - but it does. If we begin to see that correlation wane, i would suggest that we are seeing fundamentals work more on price action rather than pure exuberant sentiment.