When Bitcoin becomes very expensive to buy, would Litecoin rise?

[Etini]

Bitcoin is the crème of the crypto sector and is the foremost crypto and that was invented. It is the default crypto to invest in for most crypto investors.

Litecoin is the second crypto that was created but it's value has not really been doing well for sometime now. Most crypto predictions are claiming that when Bitcoin hits $70,000 and people can't afford it any longer, they would switch to other crypto coins that are viable and that crypto coins like Litecoin would appreciate.

Do you believe that as Bitcoin is rising this year, Litecoin would cross the 100 Dollar mark?

 

[Suba]

Litecoin and Bitcoin Cash are highly correlated with Bitcoin, although an increase in the price of Bitcoin does not automatically or directly increase the price of Litecoin, an increase in the price of these two coins may not occur on the same day. Even though Bitcoin influences Litecoin, they have their own moments/seasons, such as forming a new ATH. Litecoin formed an ATH of $412 in May 2021 while Bitcoin formed an ATH of $68k in Nov 2021. It is possible that the price of Litecoin will reach $109 in 2024, and it is predicted that in 2025 the price of Ltc will reach $190. So it would be better if you can Hodl or not sell Litecoin and wait for the best moment to take profit.

 

[ImamShaheb]

It's kinda weird... According to BTC's price surge... This one should've pumped 50%+ 😐