Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.8769275 |
details, prediction |
Ethereum
ETH
|
0.8167462 |
details, prediction |
Cardano
ADA
|
0.8056771 |
details, prediction |
XRP
XRP
|
0.7989485 |
details, prediction |
Bitcoin Cash
BCH
|
0.7901563 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.82873935 |
details, prediction |
QTUM
QTUM
|
0.80848545 |
details, prediction |
0x
ZRX
|
0.7705581 |
details, prediction |
HoloToken
HOT
|
0.7578331 |
details, prediction |
Horizen
ZEN
|
0.7547336 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.9099594 |
details, prediction |
SysCoin
SYS
|
0.8372653 |
details, prediction |
Hydro Protocol
HOT
|
0.7284684 |
details, prediction |
Achain
ACT
|
0.6807942 |
details, prediction |
Gas
GAS
|
0.653888 |
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
|
0.26156807 |
details, prediction |
Dogecoin
DOGE
|
0.52260387 |
details, prediction |
Ethereum Classic
ETC
|
0.60671103 |
details, prediction |
Monero
XMR
|
0.6071134 |
details, prediction |
KuCoin Shares
KCS
|
0.61622745 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.72637504 |
details, prediction |
USD//Coin
USDC
|
-0.20300262 |
details, prediction |
True USD
TUSD
|
-0.1999007 |
details, prediction |
Telcoin
TEL
|
-0.15672499 |
details, prediction |
Waves
WAVES
|
-0.10017416 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.48380992 |
details, prediction |
OPEN Platform
OPEN
|
-0.34052807 |
details, prediction |
ICON
ICX
|
-0.30553374 |
details, prediction |
Electroneum
ETN
|
-0.25182343 |
details, prediction |
BABB
BAX
|
-0.1819508 |
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)