Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.87557673 |
details, prediction |
Binance Coin
BNB
|
0.750999 |
details, prediction |
Monero
XMR
|
0.7415662 |
details, prediction |
Bitcoin
BTC
|
0.72274643 |
details, prediction |
Ethereum Classic
ETC
|
0.6686398 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.7097997 |
details, prediction |
0x
ZRX
|
0.6427842 |
details, prediction |
NEO
NEO
|
0.6371468 |
details, prediction |
aelf
ELF
|
0.61355674 |
details, prediction |
Nexo
NEXO
|
0.6041333 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.79105276 |
details, prediction |
Kambria
KAT
|
0.68127775 |
details, prediction |
Chronobank
TIME
|
0.6329173 |
details, prediction |
Bancor
BNT
|
0.6052198 |
details, prediction |
Stox
STX
|
0.60148835 |
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
|
Bitcoin Cash
BCH
|
-0.37997252 |
details, prediction |
TRON
TRX
|
0.265823 |
details, prediction |
Cardano
ADA
|
0.31658512 |
details, prediction |
Stellar
XLM
|
0.35399598 |
details, prediction |
KuCoin Shares
KCS
|
0.43018106 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6730081 |
details, prediction |
USD//Coin
USDC
|
-0.5910361 |
details, prediction |
Verge
XVG
|
-0.37496856 |
details, prediction |
Waves
WAVES
|
-0.29546 |
details, prediction |
Ardor
ARDR
|
-0.23418587 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
-0.46170187 |
details, prediction |
PIVX
PIVX
|
-0.3905632 |
details, prediction |
SysCoin
SYS
|
-0.38981706 |
details, prediction |
NKN
NKN
|
-0.37962088 |
details, prediction |
Loopring
LRC
|
-0.30873483 |
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)