Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9920609 |
details, prediction |
Ethereum Classic
ETC
|
0.9746136 |
details, prediction |
ZCash
ZEC
|
0.96192044 |
details, prediction |
KuCoin Shares
KCS
|
0.93980247 |
details, prediction |
TRON
TRX
|
0.9159252 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.94356674 |
details, prediction |
Basic Attention Token
BAT
|
0.94075394 |
details, prediction |
NEO
NEO
|
0.9146073 |
details, prediction |
Telcoin
TEL
|
0.8935883 |
details, prediction |
0x
ZRX
|
0.8873107 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.9424104 |
details, prediction |
Matrix AI Network
MAN
|
0.92762625 |
details, prediction |
Kyber Network
KNC
|
0.9217176 |
details, prediction |
Bancor
BNT
|
0.915111 |
details, prediction |
IoTeX
IOTX
|
0.8977088 |
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
|
Binance Coin
BNB
|
0.011170197 |
details, prediction |
Bitcoin
BTC
|
0.20357743 |
details, prediction |
Ethereum
ETH
|
0.20914376 |
details, prediction |
Dogecoin
DOGE
|
0.26988894 |
details, prediction |
Stellar
XLM
|
0.34743273 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6816204 |
details, prediction |
True USD
TUSD
|
-0.56581813 |
details, prediction |
Zilliqa
ZIL
|
-0.0074628782 |
details, prediction |
Decred
DCR
|
0.06317907 |
details, prediction |
Verge
XVG
|
0.12882462 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.74949837 |
details, prediction |
HEROcoin
PLAY
|
-0.6476794 |
details, prediction |
Dero
DERO
|
-0.38299808 |
details, prediction |
BOScoin
BOS
|
-0.35333323 |
details, prediction |
Elastos
ELA
|
0.18365313 |
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)