Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.98277396 |
details, prediction |
XRP
XRP
|
0.9727956 |
details, prediction |
Crypto.com Chain
CRO
|
0.95666075 |
details, prediction |
Bitcoin Cash
BCH
|
0.9541403 |
details, prediction |
Ethereum
ETH
|
0.9507232 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9819303 |
details, prediction |
Tezos
XTZ
|
0.9788535 |
details, prediction |
Theta Fuel
TFUEL
|
0.97374594 |
details, prediction |
Ravencoin
RVN
|
0.97299784 |
details, prediction |
Zilliqa
ZIL
|
0.9722224 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9825284 |
details, prediction |
ARK
ARK
|
0.9767631 |
details, prediction |
Internet of Services
IOST
|
0.9729613 |
details, prediction |
Lisk
LSK
|
0.9669133 |
details, prediction |
IoTeX
IOTX
|
0.965591 |
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
|
-0.6407896 |
details, prediction |
ZCash
ZEC
|
-0.12645105 |
details, prediction |
TRON
TRX
|
0.009094303 |
details, prediction |
Binance Coin
BNB
|
0.5107144 |
details, prediction |
Monero
XMR
|
0.5840006 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.65196186 |
details, prediction |
USD//Coin
USDC
|
-0.64668953 |
details, prediction |
OriginTrail
TRAC
|
-0.40617338 |
details, prediction |
Telcoin
TEL
|
-0.3365206 |
details, prediction |
True USD
TUSD
|
-0.24682315 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.52835274 |
details, prediction |
Komodo
KMD
|
-0.06600322 |
details, prediction |
OPEN Platform
OPEN
|
-0.04320974 |
details, prediction |
V Systems
VSYS
|
0.07271841 |
details, prediction |
Matrix AI Network
MAN
|
0.30067357 |
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)