Able to open litecoin account using bitcoin account

[ghost]

I'm able to open and view my Litecoin transactions (with electrum-litecoin) while the bitcoin app is open...
I stumbled upon this 'bug' because I wanted to view my litecoin , but I didn't have the app installed on my legder nano.
Low and behold , I was able to open and view my Litecoin wallet with the Bitcoin app.
This was on a fresh install ...
Anyways here's my assumption : the Bitcoin and Litecoin apps use the same private keys, or hash , and the electrum app de-hashes this to open the wallet .... So , really , unless you're using the ledger live application ... You only need one segwit app to open all other segwit , or bitcoin fork type coins...
Probably a different schema for ethr based coins.

If theres a bug bounty , I would be happy to be rewarded for finding this , as some work went into this bugs assessment.
This could be seen as a security flaw as well.... :)