LTC and BTC: moving in the same direction or diverging?
At 21:28 Beijing time, Binance spot USDT pairs:
Over the rolling 24 hours, LTC fell 1.00% and BTC fell 1.81%—same direction.
Over the rolling 7 days, LTC fell 6.15% and BTC fell 3.84%—same direction.
They moved in the same direction in both windows. These two sets of figures show that LTC didn’t move opposite to BTC in either window. Same direction doesn’t mean the same magnitude: over 24 hours, LTC fell 1.00% and BTC fell 1.81%, so LTC’s move was smaller.
Now let’s look at where they are in their ranges: using the 24-hour high-to-low range as a ruler, LTC’s current price is at about the 80% mark, while BTC is at about 46%. 0% means right at the low, and 100% means right at the high.
Let’s also compare trading volume: over the same window, BTC’s USDT trading volume was about 97 times LTC’s. This is just a comparison of trading scale. Trading volume isn’t the same as net inflows, and it doesn’t explain why prices moved up or down today.
A reality check: these are figures for what has already happened, not predictions. They moved in the same direction today, but could diverge tomorrow. And which one was stronger over the past 7 days doesn’t mean it will stay that way. Don’t use “whether it followed BTC” as a reason to buy or sell.
When you look at altcoins, do you check them against BTC first?
$LTC $BTC
At 21:28 Beijing time, Binance spot USDT pairs:
Over the rolling 24 hours, LTC fell 1.00% and BTC fell 1.81%—same direction.
Over the rolling 7 days, LTC fell 6.15% and BTC fell 3.84%—same direction.
They moved in the same direction in both windows. These two sets of figures show that LTC didn’t move opposite to BTC in either window. Same direction doesn’t mean the same magnitude: over 24 hours, LTC fell 1.00% and BTC fell 1.81%, so LTC’s move was smaller.
Now let’s look at where they are in their ranges: using the 24-hour high-to-low range as a ruler, LTC’s current price is at about the 80% mark, while BTC is at about 46%. 0% means right at the low, and 100% means right at the high.
Let’s also compare trading volume: over the same window, BTC’s USDT trading volume was about 97 times LTC’s. This is just a comparison of trading scale. Trading volume isn’t the same as net inflows, and it doesn’t explain why prices moved up or down today.
A reality check: these are figures for what has already happened, not predictions. They moved in the same direction today, but could diverge tomorrow. And which one was stronger over the past 7 days doesn’t mean it will stay that way. Don’t use “whether it followed BTC” as a reason to buy or sell.
When you look at altcoins, do you check them against BTC first?
$LTC $BTC
