Like many other cryptocurrencies, Litecoin’s value is largely linked to that of Bitcoin. If Bitcoin begins to rise or fall in value then you should expect Litecoin to follow suit shortly afterward. Cryptocurrency is a volatile commodity so you should expect to see these dramatic fluctuations in value on a regular basis. Litecoin is very similar to Bitcoin and it will generally be able to ride on Bitcoin’s coattails. The main thing traders should look out for is market adoption.