Post
Topic
Board Bitcoin Discussion
Re: In simple terms, why are BTC and LTC prices so closely tied?
by
yatsey87
on 14/02/2014, 18:16:31 UTC
because there aren't many exchanges that deal directly from fiat to LTC. there are many more exchanges that deal with fiat to BTC, so that's why you see generally see similar price fluctuations with the other alt coins as well.

You can usually only buy LTC for BTC and when Bitcoin's prices rise a lot of other currencies follow it a little, LTC being one of them.