Bitcoin litecoin correlation
WebSep 1, 2024 · In fact, it sank to a weak negative correlation of -0.2. However, the price relationship strengthened to 0.92 in July 2024 and 0.93 in April 2024. Currently, the … WebKnowledge of the correlation coefficient between assets gives a wide spectrum of advantages. Modern portfolio theory allows you to create and optimise a portfolio with uncorrelated assets. ... matrix. Top Market Capitalization Bitcoin [BTC] Ethereum [ETH] BNB [BNB] XRP [XRP] Cardano [ADA] Dogecoin [DOGE] Polygon [MATIC] Litecoin …
Bitcoin litecoin correlation
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WebAug 19, 2024 · Correlation is a market situation in which one asset repeats the movement of another asset. The dominant position now is Bitcoin. Coins such as Ethereum, Litecoin, Ripple and others are subject to fluctuations when the value of “digital gold” changes. The range of correlation changes is from -1 to +1. Three scenarios are possible: WebApr 10, 2024 · Bitcoin (BTC) has been on a remarkable run during the first quarter of 2024, with a year-to-date increase of 69%. Bitcoin is trying to break its consolidation level and surpass its nearest resistance to breach the long-awaited $30,000 psychological level, which will introduce a new normal to the market and the new fully formed bull run.. As of this …
WebApr 11, 2024 · BTC has a close correlation with LTC and other altcoins. Second, Litecoin price is rising as investors bet on the next actions of the Federal Reserve. Most analysts believe that the Fed will... WebJul 14, 2024 · 1) Bitcoin is Much More Popular. With a market cap roughly 22.5x the size of Litecoin’s, Bitcoin’s overwhelming popularity makes it the obvious choice for the crypto investment community. According to …
WebJan 26, 2024 · Its correlation with Bitcoin has moved from negative to 0.88. Litecoin price has had a remarkable bull run in the past few months. Starting from June last year, Litecoin has jumped by more than 90% while BTC has risen by just 1%. The spread between the prices of the two popular proof-of-work coins has continued widening. WebApr 13, 2024 · Convert Litecoin (LTC) to Ether (ETH). Coins: 10846 Exchanges: 711 Market Cap: $1,278,270,424,082 -0.3%. 24h Vol: $54,725,904,814 Dominance: BTC 45.5% ... Bitcoin and Litecoin, may have some things in common but features such as algorithm and transactions speed show how different they are. Diyana October 01, 2024 • 4.8 (5 …
WebDec 6, 2024 · BTC price reduction inevitably affects Ethereum, Ripple, Litecoin and other crypto. Let’s review the correlation as a phenomenon and consider it in terms of trading. …
Web2 days ago · Stacks Price Prediction as Bitcoin Secured Smart Contracts Spikes Stacks price has done well in the past few days. STX, the native token, has jumped in the past three straight days Stacks price has done well in the past few days. STX, the native token, has jumped in the past three straight days Compare Wallets Best Bitcoin Hardware Wallets ray white howick officeWebin Bitcoin Reading Time: 3 mins read As Q1 2024 comes to a close, the Bitcoin and Ethereum correlation stands at a staggering 97%, trackers indicate. The Bitcoin And Ethereum Price Correlation Bitcoin and Ethereum are the world’s most valuable coins by … ray white howick live auctionWebJun 16, 2024 · Litecoin looks like it should rebound quite significantly. Given its high performance and historical correlation with Bitcoin, this cryptocurrency should recover … ray white howick live auctionsWebOct 29, 2024 · Litecoin's algorithm is designed to produce about four times as many coins as Bitcoin does - producing one coin every 2.5 minutes (whereas Bitcoin produces one … ray white howlongWebSep 26, 2024 · During 2024 (from January to September), correlation to Bitcoin prices never fell under 0.85. Interestingly enough, Litecoin and Ethereum, which demonstrated … ray white hoxton parkWebLitecoin Bitcoin Cash Dogecoin Monero Bitcoin SV Dash Zcash Ethereum Classic Bitcoin Gold Reddcoin Vertcoin Feathercoin Blackcoin; Bitcoin: 1: 0.397: 0.612: 0.154: 0.101: … simply southern styleWebApr 11, 2024 · Bitcoin and LTC correlation. Litecoin price did well because of three main reasons. First, the bank earnings season will kick off on Friday, when leading banks like … simply southern sunflower keychain