{"id":312,"date":"2013-12-02T12:43:00","date_gmt":"2013-12-02T12:43:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/bitcoin-litecoin-ratio-returns-to\/"},"modified":"2022-01-25T21:42:24","modified_gmt":"2022-01-25T19:42:24","slug":"bitcoin-litecoin-ratio-returns-to","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2013\/12\/bitcoin-litecoin-ratio-returns-to.html","title":{"rendered":"Bitcoin-Litecoin ratio returns to historic norm, Peercoin climbs 200%"},"content":{"rendered":"<div dir=\"ltr\">\n<div style=\"text-align: justify;\">(<a href=\"http:\/\/thegenesisblock.com\/bitcoin-litecoin-ratio-returns-historic-norm-peercoin-climbs-200\/\">TheGenesisBlock<\/a>) As bitcoin continues to climb<br \/>\nto record highs, reaching as high as $1,141 on Bitstamp, it is joined in<br \/>\ngrowth by a number of alternative digital currencies. The most visible<br \/>\nhas been litecoin, which has returned to what might be considered a<br \/>\nnormal trading range relative to bitcoin. <a href=\"https:\/\/holytransaction.com\/page\/what-is-litecoin\">Litecoin<\/a> is not alone in its<br \/>\ngains, with others like <a href=\"https:\/\/holytransaction.com\/page\/what-is-peercoin\">Peercoin<\/a> and Namecoin making similar gains.<\/div>\n<\/div>\n<div dir=\"ltr\">\n<div style=\"text-align: justify;\"><\/div>\n<\/div>\n<div dir=\"ltr\">\n<div style=\"text-align: justify;\">The rise of <a href=\"https:\/\/litecoin.com\/\">Litecoin<\/a> has made <a href=\"http:\/\/www.forbes.com\/sites\/reuvencohen\/2013\/11\/28\/cryto-currency-bubble-continues-litecoin-surpasses-a-billion-dollar-market-capitalization\/\" target=\"_blank\" rel=\"noopener\">numerous headlines<\/a><br \/>\nover the past week, surprising many with its meteoric gains and<br \/>\ncrossing of one billion dollars of market capitalization. Yet, the<br \/>\ndynamics in which it is actually traded are often overlooked,<br \/>\nparticularly its relationship to bitcoin. On BTC-e, the leading litecoin<br \/>\nexchange by volume, the bitcoin-litecoin currency pair is traded with<br \/>\nas much or more volume as litecoin-dollar. It also regularly dictates<br \/>\nmovement as visible through a series of technical factors.<\/div>\n<\/div>\n<div dir=\"ltr\">\n<div style=\"text-align: justify;\"><\/div>\n<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div><\/div>\n<div dir=\"ltr\">\n<div style=\"text-align: justify;\">As <a href=\"http:\/\/thegenesisblock.com\/understanding-the-gold-silver-ratio-and-how-it-may-apply-to-bitcoin-and-litecoin\/\">we noted in August<\/a>,<br \/>\nlitecoin and bitcoin are beginning to show signs of trading in a manner<br \/>\nsimilar to gold and silver. In particular, maintenance of a banded<br \/>\nprice ratio is a dynamic well known to the precious metals and once<br \/>\nagain proving its potential applicability to digital currencies. While<br \/>\nthe original research on the matter explains in more detail, those<br \/>\nwatching the ratio may well consider the latest litecoin-dollar gains to<br \/>\nbe an expected correction. Having fallen out of range amid bitcoin\u2019s<br \/>\n800% climb in the past month, it has since normalized.<\/div>\n<\/div>\n<div dir=\"ltr\">\n<div style=\"text-align: justify;\"><\/div>\n<\/div>\n<div style=\"text-align: justify;\">Not to be overlooked is <a href=\"http:\/\/peercoin.net\/\">Peercoin<\/a> (<a href=\"https:\/\/holytransaction.com\/page\/Portefeuille-Peercoin-porte-monnaie-cr%C3%A9er-en-ligne-change-enregistrer-franc%C3%A9s\">PPC<\/a>), an altcoin that utilizes an<br \/>\nalternative mining implementation based not only on bitcoin\u2019s<br \/>\nproof-of-work scheme, but also a proof-of-stake. \u00a0The proof-of-stake<br \/>\nsystem distributes new coins based on holdings rather than just finding<br \/>\ncorrect hashes. While PPC \/ BTC remains the dominant currency pair for<br \/>\nthe altcoin so far, PPC \/ USD was recently added on BTC-e, leading to a<br \/>\nmassive jump in its exchange rate.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div class=\"flare-horizontal flare-position-bottom-left flare-backgroundcolor-light enablecounters countloaded countloadfinished\" data-humbleflarecount=\"20\"><\/div>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>(TheGenesisBlock) As bitcoin continues to climb to record highs, reaching as high as $1,141 on Bitstamp, it is joined in growth by a number of alternative digital currencies. The most visible has been litecoin, which has returned to what might be considered a normal trading range relative to bitcoin. Litecoin is not alone in its [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,76,191,192,405,468,500],"tags":[764,871,872,1065,1126,1159],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin-Litecoin ratio returns to historic norm, Peercoin climbs 200% -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2013\/12\/bitcoin-litecoin-ratio-returns-to.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin-Litecoin ratio returns to historic norm, Peercoin climbs 200%\" \/>\n<meta property=\"og:description\" content=\"(TheGenesisBlock) As bitcoin continues to climb to record highs, reaching as high as $1,141 on Bitstamp, it is joined in growth by a number of alternative digital currencies. 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