Without much Litecoin news to pull it in either direction, “animal spirits” took LTC prices on a rollercoaster ride. There was a sharp dip on Tuesday morning, which seemed natural following the steep climb on Monday and Friday.

What happens now?

Well, the movement of Litecoin certainly depends on its more illustrious counterpart: Bitcoin. The relationship between the two currencies is like that of silver and gold, respectively.

Litecoin is busy trying to develop all these commercial uses, while Bitcoin is making the big ideological pitch to investors.

We wrote last week that LTC was due for a rise because it had stagnated during Bitcoin’s month-long ascent from.

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Litecoin Price Forecast: LTC Remains Above $60 Despite Paring Gains