Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows
Cointelegraph By Tiago Vidal's original article for cointelegraph.com reduced by 78%
Does the latest data support the argument that Litecoin is the silver of cryptocurrencies? Could Bitcoin instead of Litecoin be closer to silver than to gold? Bitcoin is correlated at 0.05 with silver and Litecoin is correlated at 0.09.Whereas in 2019, Bitcoin and Litecoin had opposite correlations to silver with Bitcoin and silver correlation being 0.03 and the Litecoin and silver correlation being negative at -0.02. Is silver a useful predictor of Litecoin and Bitcoin returns?The data suggests that silver returns may work as a predictor for future Litecoin returns.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.