Most of the cryptocurrencies were correlated with Bitcoin during most of 2018 and the beginning of 2019, there were following the moves up until April 2019, that’s when Bitcoin started to increase in price and left many of the Alts behind reaching a high of over 73% dominance on the first week of September 2019, according to coinmarketcap.com.

LTC/USDT 4-hour Timeframe

Last week, and starting this week we started to see many names like EOS, LTC, ETH, BNB breaking up the correlation with BTC, increasing in price relative to Fiat pairings like USDT while Bitcoin was going down in price, this means that the BTC pairings are going up even more as well.

Bitcoin is still holding Weekly support on the 12-Day EMA, while most altcoins broke that support many weeks ago, and now we reach a point where Bitcoin could break and consolidate below support while ‘alts’ maintain their price, or could maintain their correlation and follow the price of BTC, this scenario is very important as we enter the last quarter of this year.