Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.96848506 |
details, prediction |
Monero
XMR
|
0.9499006 |
details, prediction |
KuCoin Shares
KCS
|
0.9486974 |
details, prediction |
Cardano
ADA
|
0.9334708 |
details, prediction |
Crypto.com Chain
CRO
|
0.8920133 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.9835337 |
details, prediction |
Synthetix Network Token
SNX
|
0.9544488 |
details, prediction |
Telcoin
TEL
|
0.95338696 |
details, prediction |
Status
SNT
|
0.9337155 |
details, prediction |
NEO
NEO
|
0.92487746 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9764856 |
details, prediction |
SingularityNET
AGI
|
0.93597555 |
details, prediction |
SwftCoin
SWFTC
|
0.9265094 |
details, prediction |
Lisk
LSK
|
0.9215702 |
details, prediction |
Bancor
BNT
|
0.9152174 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Litecoin price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Litecoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.48389158 |
details, prediction |
Stellar
XLM
|
0.449113 |
details, prediction |
Ethereum
ETH
|
0.47899067 |
details, prediction |
Bitcoin
BTC
|
0.48717645 |
details, prediction |
XRP
XRP
|
0.4897274 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.50046337 |
details, prediction |
Decred
DCR
|
-0.10828285 |
details, prediction |
True USD
TUSD
|
0.06491799 |
details, prediction |
Verge
XVG
|
0.36325327 |
details, prediction |
Zilliqa
ZIL
|
0.45518738 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.26093575 |
details, prediction |
OPEN Platform
OPEN
|
-0.05688808 |
details, prediction |
HEROcoin
PLAY
|
-0.020311719 |
details, prediction |
Enjin Coin
ENJ
|
0.057584874 |
details, prediction |
Dent
DENT
|
0.19712776 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)