Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9680266 |
details, prediction |
KuCoin Shares
KCS
|
0.953797 |
details, prediction |
Monero
XMR
|
0.9473841 |
details, prediction |
Cardano
ADA
|
0.9437931 |
details, prediction |
ZCash
ZEC
|
0.9183459 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.9835337 |
details, prediction |
Synthetix Network Token
SNX
|
0.9492021 |
details, prediction |
Telcoin
TEL
|
0.94824946 |
details, prediction |
NEO
NEO
|
0.9250538 |
details, prediction |
Status
SNT
|
0.9231761 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9764856 |
details, prediction |
Lisk
LSK
|
0.91378945 |
details, prediction |
SwftCoin
SWFTC
|
0.9127895 |
details, prediction |
Bancor
BNT
|
0.90952307 |
details, prediction |
Phantasma
SOUL
|
0.8989173 |
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
BTC
|
0.39898717 |
details, prediction |
Ethereum
ETH
|
0.40016532 |
details, prediction |
Stellar
XLM
|
0.47263372 |
details, prediction |
XRP
XRP
|
0.49699315 |
details, prediction |
Bitcoin Cash
BCH
|
0.512958 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.52347505 |
details, prediction |
Decred
DCR
|
-0.15337482 |
details, prediction |
True USD
TUSD
|
0.03074353 |
details, prediction |
Verge
XVG
|
0.30147314 |
details, prediction |
Zilliqa
ZIL
|
0.3727193 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.093505144 |
details, prediction |
Dent
DENT
|
0.09934587 |
details, prediction |
HEROcoin
PLAY
|
0.121007696 |
details, prediction |
Dero
DERO
|
0.15770225 |
details, prediction |
Propy
PRO
|
0.21079583 |
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)