It’s been an exciting week for bitcoin and litecoin. At the time of writing, bitcoin was up 4.36% in one hour alone, topping off at $944.99 on Mt.Gox. In terms of growth over the past month, Litecoin is off the charts: surging from $4 at the beginning of November to a new high of $16.86.
In trading, this is what’s known as a ‘sympathy play’. This term is used when a stock, or in this case a digital currency, follows another stock’s path.
From Coindesk
