Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9276729 |
details, prediction |
Cardano
ADA
|
0.91207516 |
details, prediction |
ChainLink
LINK
|
0.90544057 |
details, prediction |
Bitcoin Cash
BCH
|
0.8982042 |
details, prediction |
ZCash
ZEC
|
0.88671595 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.9502659 |
details, prediction |
NEO
NEO
|
0.94341457 |
details, prediction |
0x
ZRX
|
0.93683445 |
details, prediction |
IOTA
IOT
|
0.9359713 |
details, prediction |
Theta
THETA
|
0.93433553 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.9307232 |
details, prediction |
Electroneum
ETN
|
0.9292245 |
details, prediction |
Steem
STEEM
|
0.9208093 |
details, prediction |
Hydro Protocol
HOT
|
0.91442025 |
details, prediction |
QuarkChain
QKC
|
0.9091138 |
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
|
TRON
TRX
|
0.099940434 |
details, prediction |
KuCoin Shares
KCS
|
0.7272877 |
details, prediction |
XRP
XRP
|
0.81235087 |
details, prediction |
Monero
XMR
|
0.8131688 |
details, prediction |
Stellar
XLM
|
0.8175505 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.69003063 |
details, prediction |
USD//Coin
USDC
|
-0.33390024 |
details, prediction |
True USD
TUSD
|
-0.2979709 |
details, prediction |
aelf
ELF
|
0.21329236 |
details, prediction |
Telcoin
TEL
|
0.22424611 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.6708887 |
details, prediction |
OPEN Platform
OPEN
|
-0.6530352 |
details, prediction |
HEROcoin
PLAY
|
-0.5898497 |
details, prediction |
Storj
STORJ
|
-0.5786978 |
details, prediction |
Matrix AI Network
MAN
|
-0.55236113 |
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)