I think one of the reasons is the ability to quickly exchange one crypto to another on exchanges. For example it takes only a second to convert BTC to LTC, so people are trading multiple cryptos at the same time. This is one of the reasons why when there's a big pump of BTC other altcoins start moving too.
Another is that cryptocurrencies follow the king. When BTC goes up crypto awareness rises and fresh money start pouring into the markets.
Also, the charts not always mimic one another. When Segwit got activated on LTC it multiplied in value ($4-$16 in 1 month).
Another is that cryptocurrencies follow the king. When BTC goes up crypto awareness rises and fresh money start pouring into the markets.
Also, the charts not always mimic one another. When Segwit got activated on LTC it multiplied in value ($4-$16 in 1 month).
If u know of bitcoin trading u will know about this crypto conversion its basically for profit that people do just like bitcoin trading
