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Cool off, Litecoin (LTC) May Drop To $60 Before Rallying to $110


The correlation between Bitcoin and Litecoin is direct. Although it may not be one according to math done by CoinPredictor, the correlation coefficient of their prices is 0.58. That’s more than 50 percent and is therefore significant. Therefore, any spike or drop of Bitcoin will likely force liquidation in Litecoin and many other coins. We saw that behavior last year, and even as prices recover, the light liquidity behind Litecoin means it is leading.

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