Tuesday, August 16, 2022
ZazCapital.com
  • Home
  • Crypto
  • Bitcoin
  • Blockchain
  • ICO
  • Market
  • Ethereum
  • Altcoins
  • Litecoin
  • Dogecoin
  • Ripple
No Result
View All Result
ZazCapital.com
No Result
View All Result
Home Litecoin

How Does Bitcoin Affect Litecoin, alternatives to Bitcoin, Prices in the cryptocurrency market?

by
September 29, 2021
in Litecoin
0
How Does Bitcoin Affect Litecoin, alternatives to Bitcoin, Prices in the cryptocurrency market?
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


How Does The Prices Of Bitcoin Affect Altcoin?

When there’s a rise in Bitcoin, a simultaneous excessive can also be recorded in Litecoin worth

Whereas Bitcoin has grow to be virtually synonymous with cryptocurrency, not loads of consideration is paid to the wide selection of Altcoins accessible within the cryptocurrency market. The time period “Altcoins” is derived from the time period “different cash” and refers to cryptocurrencies which can be options to Bitcoin. There are over 5,000 “different” currencies, most of that are Bitcoin and its functionalities. Of the various altcoins, Litecoin is a cryptocurrency that intently resembles Bitcoin. The truth is, Charlie Lee, founding father of Litecoin, referred to it  because the “silver to Bitcoin’s gold.” Litecoin additionally shares the identical codebase as Bitcoin.

That is not all. This resemblance even extends to the worth moments and market behaviour of the 2 cryptocurrencies. And this resemblance is intentional, provided that Litecoin was developed on the mannequin of Bitcoin. As per the founder, there was a acutely aware effort to make sure that Litecoin follows Bitcoin.

Because of this when there’s a rise in Bitcoin charges, a concurrently excessive can also be recorded in Litecoin worth. The intention to have Litecoin as a shadow for Bitcoin was made preserving in thoughts the transaction charge. For Bitcoin, the transaction charge for transferring massive quantities of cash and in addition small quantities of cash is similar. These might appear unfeasible for smaller transactions, create a marketplace for the utilization of Litecoin, with regard to the smaller transactions.

Nonetheless, such dependence on one forex may trigger points. As an example, if the worth of Bitcoin sees a droop, it is going to result in a crash in Litecoin costs as properly. As Litecoin shares the identical codebase with Bitcoin and mimics its market motion, a difficulty with the Bitcoin community may adversely have an effect on Litecoin’s worth. 

On September 27, 2021 (as of 4.00 PM) the worth of Litecoin in India is Rs 12,074. Bitcoin, then again, is valued at Rs 4,53,462.



Source link

Related articles

Bitcoin, Ethereum, Litecoin Price Analyses

Bitcoin, Ethereum, Litecoin Price Analyses

August 16, 2022
Cryptocurrency Price Today: Bitcoin, Ethereum Register Minor Dips; Celsius Emerges As Biggest Loser

Cryptocurrency Price Today: Bitcoin, Ethereum Register Minor Dips; Celsius Emerges As Biggest Loser

August 16, 2022
Tags: AffectalternativesBitcoinCryptocurrencyLitecoinmarketPrices
Share76Tweet47

Related Posts

Bitcoin, Ethereum, Litecoin Price Analyses

Bitcoin, Ethereum, Litecoin Price Analyses

by
August 16, 2022
0

Bitcoin Evaluation  Bitcoin’s value traded decrease after a fierce rejection of the $25k degree early on into Monday’s day...

Cryptocurrency Price Today: Bitcoin, Ethereum Register Minor Dips; Celsius Emerges As Biggest Loser

Cryptocurrency Price Today: Bitcoin, Ethereum Register Minor Dips; Celsius Emerges As Biggest Loser

by
August 16, 2022
0

Bitcoin (BTC) and Ethereum (ETH), the world’s most- and second most-valued crypto cash, respectively, registered minor dips however managed...

Why Bitcoin-, Ethereum- And Litecoin-Related Stock Bitfarms Is Popping Off

Why Bitcoin-, Ethereum- And Litecoin-Related Stock Bitfarms Is Popping Off

by
August 16, 2022
0

Bitfarms Ltd BITF shares are buying and selling increased by 13.8% to $2.28 throughout Monday's buying and selling session...

Cryptocurrency Litecoin Falls More Than 3% In 24 hours

Cryptocurrency Litecoin Falls More Than 3% In 24 hours

by
August 15, 2022
0

Over the previous 24 hours, Litecoin's LTC/USD worth has fallen 3.47% to $61.11. This continues its adverse pattern over...

Bitcoin, Binance Coin, Litecoin, and Chainlink Daily Price Analyses – 15 August Morning Price Prediction

Bitcoin, Binance Coin, Litecoin, and Chainlink Daily Price Analyses – 15 August Morning Price Prediction

by
August 15, 2022
0

The worldwide crypto market has seen a decline in positive aspects because the final day. The change has affected...

Load More
  • Trending
  • Comments
  • Latest
Cryptocurrency warning as Britons at risk of losing £20,500 each to scammers | Personal Finance | Finance

Cryptocurrency warning as Britons at risk of losing £20,500 each to scammers | Personal Finance | Finance

December 26, 2021
Smart Money Whales Have Accumulated Over $2,664,000,000 Worth of One Altcoin: Crypto Insights Firm Santiment

Smart Money Whales Have Accumulated Over $2,664,000,000 Worth of One Altcoin: Crypto Insights Firm Santiment

December 12, 2021
New Altcoins Severely Underperforming Bitcoin

New Altcoins Severely Underperforming Bitcoin

April 28, 2022
SEC should allow investors to ‘choose their own’ bitcoin exposure: Grayscale head of ETFs

SEC should allow investors to ‘choose their own’ bitcoin exposure: Grayscale head of ETFs

September 27, 2021
Scam or Legit App? Australia Expert’s Report

Scam or Legit App? Australia Expert’s Report

0
Business News | Stock and Share Market News

Business News | Stock and Share Market News

0
Litecoin: Traders can set their take-profits at these levels

Litecoin: Traders can set their take-profits at these levels

0
Trader Who Called Bitcoin Bottom Predicts This Blazing Altcoin Will Overtake Binance Coin

Trader Who Called Bitcoin Bottom Predicts This Blazing Altcoin Will Overtake Binance Coin

0
Scam or Legit App? Australia Expert’s Report

Scam or Legit App? Australia Expert’s Report

August 16, 2022
Do Kwon breaking silence triggers responses from the community

Do Kwon breaking silence triggers responses from the community

August 16, 2022
What is Bitcoin IRA? Advantages and disadvantages

What is Bitcoin IRA? Advantages and disadvantages

August 16, 2022
Bitcoin miners hodl 27% less BTC after 3 months of major selling

Bitcoin miners hodl 27% less BTC after 3 months of major selling

August 16, 2022

Recent Posts

Scam or Legit App? Australia Expert’s Report

Scam or Legit App? Australia Expert’s Report

August 16, 2022
Do Kwon breaking silence triggers responses from the community

Do Kwon breaking silence triggers responses from the community

August 16, 2022
What is Bitcoin IRA? Advantages and disadvantages

What is Bitcoin IRA? Advantages and disadvantages

August 16, 2022

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Crypto
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Ripple

Follow Us

Tags

Altcoin Altcoins Analysis Bitcoin Blockchain BTC Buy Cardano Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi digital DOGE Dogecoin ETH Ethereum Exchange Heres Inu Investors latest Launches Litecoin LTC market markets news NFT NFTs price Prices Rally Ripple ripples Shiba Solana Today Token Top Trading week XRP
No Result
View All Result
  • Home
  • Crypto
  • Bitcoin
  • Blockchain
  • ICO
  • Market & Analysis
  • Ethereum
  • Litecoin
  • Altcoins
  • Dogecoin
  • Ripple
  • Shop

© 2021 ZAZCAPITAL.