Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.91732365 |
details, prediction |
XRP
XRP
|
0.8997683 |
details, prediction |
KuCoin Shares
KCS
|
0.88410616 |
details, prediction |
ChainLink
LINK
|
0.88094234 |
details, prediction |
Ethereum Classic
ETC
|
0.86127967 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.8904046 |
details, prediction |
aelf
ELF
|
0.8750779 |
details, prediction |
Status
SNT
|
0.8297556 |
details, prediction |
Telcoin
TEL
|
0.81289256 |
details, prediction |
Bitcoin Gold
BTG
|
0.80394363 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.8790449 |
details, prediction |
SwftCoin
SWFTC
|
0.8261764 |
details, prediction |
Lisk
LSK
|
0.76964045 |
details, prediction |
Stox
STX
|
0.7358389 |
details, prediction |
Chronobank
TIME
|
0.7287081 |
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
|
-0.2253037 |
details, prediction |
ZCash
ZEC
|
0.18424182 |
details, prediction |
Bitcoin Cash
BCH
|
0.29506803 |
details, prediction |
UNUS SED LEO
LEO
|
0.57019293 |
details, prediction |
Dogecoin
DOGE
|
0.643709 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.14659956 |
details, prediction |
Decred
DCR
|
0.019388653 |
details, prediction |
Dai
DAI
|
0.07713277 |
details, prediction |
USD//Coin
USDC
|
0.14948075 |
details, prediction |
Algorand
ALGO
|
0.17047074 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.2845093 |
details, prediction |
OPEN Platform
OPEN
|
-0.23096403 |
details, prediction |
NKN
NKN
|
-0.034286562 |
details, prediction |
Propy
PRO
|
-0.008580813 |
details, prediction |
Dent
DENT
|
4.2196887E-4 |
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)