Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.97539604 |
details, prediction |
XRP
XRP
|
0.95901173 |
details, prediction |
Bitcoin Cash
BCH
|
0.943622 |
details, prediction |
Ethereum
ETH
|
0.9331963 |
details, prediction |
KuCoin Shares
KCS
|
0.9278711 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.97730076 |
details, prediction |
Decentraland
MANA
|
0.9641961 |
details, prediction |
Waves
WAVES
|
0.96190757 |
details, prediction |
Vechain
VET
|
0.9615478 |
details, prediction |
Zilliqa
ZIL
|
0.96098965 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.97913677 |
details, prediction |
ARK
ARK
|
0.9717027 |
details, prediction |
Internet of Services
IOST
|
0.9667051 |
details, prediction |
Lisk
LSK
|
0.9600689 |
details, prediction |
QuarkChain
QKC
|
0.9582441 |
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
|
-0.7864225 |
details, prediction |
Stellar
XLM
|
-0.6383748 |
details, prediction |
ZCash
ZEC
|
-0.19591677 |
details, prediction |
TRON
TRX
|
-0.13449548 |
details, prediction |
Binance Coin
BNB
|
0.39808702 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6398049 |
details, prediction |
USD//Coin
USDC
|
-0.60595405 |
details, prediction |
OriginTrail
TRAC
|
-0.5379907 |
details, prediction |
Telcoin
TEL
|
-0.27395892 |
details, prediction |
True USD
TUSD
|
-0.2684727 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.24180625 |
details, prediction |
FunFair
FUN
|
-0.1322491 |
details, prediction |
V Systems
VSYS
|
-0.014366481 |
details, prediction |
HEROcoin
PLAY
|
0.23404716 |
details, prediction |
Enjin Coin
ENJ
|
0.30235985 |
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)