Litecoin is often referred to as “the silver to Bitcoin’s gold,” yet it has fallen out of sync with BTC prices in recent months. This divergence—which started in mid-July and festered through August—is creating tons of slack in the Litecoin price forecast.

For example, the LTC/USD exchange rate fell 1.67% yesterday, while the LTC/BTC exchange rate fell 4.89% by comparison. The disparity reflects greater pessimism among investors that already have money in the crypto market.

Many of them rotated funds from LTC to BTC in the weeks running up to the Bitcoin August 1 fork. As a result, Bitcoin appreciated considerably against Litecoin.

However, Litecoin recently became.

The post Litecoin Price Forecast and Analysis – August 25, 2017 appeared first on Profit Confidential.

Link:
Litecoin Price Forecast and Analysis – August 25, 2017