Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.90325147 |
details, prediction |
ZCash
ZEC
|
0.9008302 |
details, prediction |
ChainLink
LINK
|
0.8937308 |
details, prediction |
Cardano
ADA
|
0.87553084 |
details, prediction |
Bitcoin Cash
BCH
|
0.8748491 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.92520636 |
details, prediction |
Theta
THETA
|
0.92273206 |
details, prediction |
NEO
NEO
|
0.9196174 |
details, prediction |
0x
ZRX
|
0.918011 |
details, prediction |
Algorand
ALGO
|
0.9169971 |
details, prediction |
|
Third tier
|
QuarkChain
QKC
|
0.8885487 |
details, prediction |
Steem
STEEM
|
0.8860651 |
details, prediction |
Electroneum
ETN
|
0.88289696 |
details, prediction |
ARK
ARK
|
0.8806547 |
details, prediction |
Bancor
BNT
|
0.8776624 |
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
|
0.25529283 |
details, prediction |
KuCoin Shares
KCS
|
0.5262542 |
details, prediction |
Stellar
XLM
|
0.6813808 |
details, prediction |
Monero
XMR
|
0.8012168 |
details, prediction |
XRP
XRP
|
0.8277495 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.67671436 |
details, prediction |
USD//Coin
USDC
|
-0.42940277 |
details, prediction |
True USD
TUSD
|
-0.41458577 |
details, prediction |
Telcoin
TEL
|
-0.1101005 |
details, prediction |
aelf
ELF
|
-0.07203765 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.6700989 |
details, prediction |
Matrix AI Network
MAN
|
-0.5971596 |
details, prediction |
Storj
STORJ
|
-0.57334477 |
details, prediction |
OPEN Platform
OPEN
|
-0.55836254 |
details, prediction |
NKN
NKN
|
-0.47504336 |
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)