Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.74478483 |
details, prediction |
Ethereum
ETH
|
0.68026954 |
details, prediction |
ChainLink
LINK
|
0.675615 |
details, prediction |
Crypto.com Chain
CRO
|
0.65780914 |
details, prediction |
Bitcoin
BTC
|
0.52645373 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.83743674 |
details, prediction |
HoloToken
HOT
|
0.8251755 |
details, prediction |
Nexo
NEXO
|
0.8209644 |
details, prediction |
aelf
ELF
|
0.8074489 |
details, prediction |
0x
ZRX
|
0.71836436 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.8625844 |
details, prediction |
LAToken
LA
|
0.78743964 |
details, prediction |
SwftCoin
SWFTC
|
0.7391745 |
details, prediction |
Kambria
KAT
|
0.6960764 |
details, prediction |
Chronobank
TIME
|
0.6645365 |
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
|
UNUS SED LEO
LEO
|
-0.3114648 |
details, prediction |
TRON
TRX
|
-0.16754 |
details, prediction |
ZCash
ZEC
|
0.04278228 |
details, prediction |
Stellar
XLM
|
0.11754496 |
details, prediction |
Bitcoin Cash
BCH
|
0.21273516 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7546133 |
details, prediction |
USD//Coin
USDC
|
-0.65130794 |
details, prediction |
OriginTrail
TRAC
|
-0.53357536 |
details, prediction |
Telcoin
TEL
|
-0.39113465 |
details, prediction |
True USD
TUSD
|
-0.12139551 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.4897788 |
details, prediction |
Constellation
DAG
|
-0.38722655 |
details, prediction |
Komodo
KMD
|
-0.26984188 |
details, prediction |
Elastos
ELA
|
-0.23000245 |
details, prediction |
FunFair
FUN
|
-0.17746973 |
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)