Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9849432 |
details, prediction |
Cardano
ADA
|
0.97136474 |
details, prediction |
ZCash
ZEC
|
0.95975226 |
details, prediction |
KuCoin Shares
KCS
|
0.93980247 |
details, prediction |
Monero
XMR
|
0.91073287 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.99420565 |
details, prediction |
IOTA
IOT
|
0.9562922 |
details, prediction |
NEO
NEO
|
0.952185 |
details, prediction |
Tezos
XTZ
|
0.9311477 |
details, prediction |
Loopring
LRC
|
0.9010554 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9765354 |
details, prediction |
Phantasma
SOUL
|
0.9424104 |
details, prediction |
Matrix AI Network
MAN
|
0.92762625 |
details, prediction |
Bancor
BNT
|
0.9176808 |
details, prediction |
Kyber Network
KNC
|
0.91254216 |
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
|
Bitcoin
BTC
|
0.28379202 |
details, prediction |
Ethereum
ETH
|
0.2878305 |
details, prediction |
Stellar
XLM
|
0.39386246 |
details, prediction |
XRP
XRP
|
0.4280321 |
details, prediction |
Binance Coin
BNB
|
0.4361843 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5847216 |
details, prediction |
True USD
TUSD
|
-0.249627 |
details, prediction |
Decred
DCR
|
-0.10368492 |
details, prediction |
Zilliqa
ZIL
|
0.10077856 |
details, prediction |
Verge
XVG
|
0.11262675 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.74949837 |
details, prediction |
HEROcoin
PLAY
|
-0.6476794 |
details, prediction |
BOScoin
BOS
|
-0.35333323 |
details, prediction |
Dero
DERO
|
-0.22521907 |
details, prediction |
Elastos
ELA
|
0.5068428 |
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)