Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.98161465 |
details, prediction |
Ethereum
ETH
|
0.96350795 |
details, prediction |
Cardano
ADA
|
0.9603296 |
details, prediction |
Bitcoin Cash
BCH
|
0.95117927 |
details, prediction |
ChainLink
LINK
|
0.9504158 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.96311754 |
details, prediction |
Bitcoin Gold
BTG
|
0.95746017 |
details, prediction |
Vechain
VET
|
0.957054 |
details, prediction |
0x
ZRX
|
0.9500774 |
details, prediction |
Theta Fuel
TFUEL
|
0.94390804 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.9410717 |
details, prediction |
Gas
GAS
|
0.9383644 |
details, prediction |
Hydro Protocol
HOT
|
0.91490453 |
details, prediction |
ARK
ARK
|
0.90940726 |
details, prediction |
Civic
CVC
|
0.9091081 |
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
|
Stellar
XLM
|
-0.57979304 |
details, prediction |
TRON
TRX
|
0.16768211 |
details, prediction |
ZCash
ZEC
|
0.20922084 |
details, prediction |
Binance Coin
BNB
|
0.7298394 |
details, prediction |
Dogecoin
DOGE
|
0.8484066 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8511928 |
details, prediction |
USD//Coin
USDC
|
-0.8427687 |
details, prediction |
True USD
TUSD
|
-0.46229938 |
details, prediction |
Telcoin
TEL
|
0.038317613 |
details, prediction |
OriginTrail
TRAC
|
0.18532594 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.03779112 |
details, prediction |
Propy
PRO
|
0.027069166 |
details, prediction |
V Systems
VSYS
|
0.082104415 |
details, prediction |
Phantasma
SOUL
|
0.32264438 |
details, prediction |
BABB
BAX
|
0.35594285 |
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)