Litecoin has been able to pare some of yesterday’s losses, following Bitcoin price’s bounce back to the $57,000 mark. Litecoin is loosely correlated with Bitcoin prices, and this seems to explain the losses of April 7 and the subsequent gains in the LTC/USD pair. Litecoin is presently posting gains of nearly 2% on the day after it shed some of the gains garnered earlier in the day. However, analysts expect Litecoin to add to today’s gains, as there is a fundamental backing to the breakout direction of this Bitcoin clone. Asset management firm Coinshares announced two days ago that it was launching a Litecoin ... (full story)