Litecoin Market Value

LTC Crypto  USD 81.18  3.91  4.60%   
Litecoin's market value is the price at which a share of Litecoin trades on a public exchange. It measures the collective expectations of Litecoin investors about its performance. Litecoin is trading at 81.18 as of the 21st of April 2024, a -4.6% down since the beginning of the trading day. With this module, you can estimate the performance of a buy and hold strategy of Litecoin and determine expected loss or profit from investing in Litecoin over a given investment horizon. Check out Litecoin Correlation, Litecoin Volatility and Investing Opportunities module to complement your research on Litecoin.

Please note, there is a significant difference between Litecoin's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Litecoin value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Litecoin's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

Litecoin 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Litecoin's crypto coin what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Litecoin.
No Change 0.00  0.0 
In 30 days
If you would invest  0.00  in Litecoin on March 22, 2024 and sell it all today you would earn a total of 0.00 from holding Litecoin or generate 0.0% return on investment in Litecoin over 30 days. Litecoin is related to or competes with Bitcoin, Dogecoin, Bitcoin Cash, Ethereum Classic, Monero, Arweave, and Conflux Network. Litecoin is peer-to-peer digital currency powered by the Blockchain technology.

Litecoin Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Litecoin's crypto coin current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Litecoin upside and downside potential and time the market with a certain degree of confidence.

Litecoin Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Litecoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Litecoin's standard deviation. In reality, there are many statistical measures that can use Litecoin historical prices to predict the future Litecoin's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Litecoin's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Band Projection (param)
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Litecoin. Your research has to be compared to or analyzed against Litecoin's peers to derive any actionable benefits. When done correctly, Litecoin's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Litecoin.

Litecoin Backtested Returns

Litecoin appears to be very risky, given 3 months investment horizon. Litecoin has Sharpe Ratio of 0.0901, which conveys that digital coin had a 0.0901% return per unit of risk over the last 3 months. We have found thirty technical indicators for Litecoin, which you can use to evaluate the volatility of coin. Please exercise Litecoin's Downside Deviation of 5.52, mean deviation of 3.29, and Risk Adjusted Performance of 0.0481 to check out if our risk estimates are consistent with your expectations. The crypto secures a Beta (Market Risk) of 1.42, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Litecoin will likely underperform.



Excellent reverse predictability

Litecoin has excellent reverse predictability. Overlapping area represents the amount of predictability between Litecoin time series from 22nd of March 2024 to 6th of April 2024 and 6th of April 2024 to 21st of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Litecoin price movement. The serial correlation of -0.81 indicates that around 81.0% of current Litecoin price fluctuation can be explain by its past prices.
Correlation Coefficient-0.81
Spearman Rank Test0.15
Residual Average0.0
Price Variance57.22

Litecoin lagged returns against current returns

Autocorrelation, which is Litecoin crypto coin's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Litecoin's crypto coin expected returns. We can calculate the autocorrelation of Litecoin returns to help us make a trade decision. For example, suppose you find that Litecoin has exhibited high autocorrelation historically, and you observe that the crypto coin is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   

Litecoin regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Litecoin crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Litecoin crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Litecoin crypto coin over time.
   Current vs Lagged Prices   

Litecoin Lagged Returns

When evaluating Litecoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Litecoin crypto coin have on its future price. Litecoin autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Litecoin autocorrelation shows the relationship between Litecoin crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Litecoin.
   Regressed Prices   

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When determining whether Litecoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Litecoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Litecoin Crypto.
Check out Litecoin Correlation, Litecoin Volatility and Investing Opportunities module to complement your research on Litecoin.
Note that the Litecoin information on this page should be used as a complementary analysis to other Litecoin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Litecoin technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.
A focus of Litecoin technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Litecoin trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...