Linde plc (LIN) vs Litecoin (LTC)
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Correlation Analysis
Insight
Bitcoin and Litecoin have shown a high correlation, with a coefficient of 0.6697 over a specific period, indicating similar market movements.
Historical Triggers
- 2022:Study reveals high correlation between Bitcoin and Litecoin prices.
Notes
- The strong correlation between Bitcoin and Litecoin suggests that factors affecting Bitcoin often similarly impact Litecoin.