Litecoin Market Value

LTC
 Crypto
  

USD 57.55  1.60  2.86%   

Litecoin's market value is the price at which a share of Litecoin stock trades on a public exchange. It measures the collective expectations of Litecoin investors about the entity's future performance. 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. Additionally, see Litecoin Correlation, Litecoin Volatility and Investing Opportunities module to complement your research on Litecoin.
Symbol


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.
0.00
07/27/2022
No Change 0.00  0.0 
In 2 months and 2 days
09/25/2022
0.00
If you would invest  0.00  in Litecoin on July 27, 2022 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 60 days. Litecoin is related to or competes with Bitcoin, Monero, Bitcoin Cash, Bitcoin SV, IOTA, ZCash, and Arweave. 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, frequently view 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. Please use the tools below to analyze the current value of Litecoin in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
53.3157.7562.19
Details
Intrinsic
Valuation
LowReal ValueHigh
43.1247.5663.31
Details
Naive
Forecast
LowNext ValueHigh
52.4156.8561.29
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
54.5557.5160.48
Details
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 towards taking a position in Litecoin.

Litecoin Backtested Returns

Litecoin appears to be very risky, given 3 months investment horizon. Litecoin has Sharpe Ratio of 0.0551, which conveys that digital coin had 0.0551% of return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a crypto is to use all available market data together with crypto-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Litecoin, which you can use to evaluate the future volatility of coin. Please exercise Litecoin's Risk Adjusted Performance of 0.106, mean deviation of 3.66, and Downside Deviation of 5.25 to check out if our risk estimates are consistent with your expectations.
The crypto secures a Beta (Market Risk) of -0.7671, which conveys possible diversification benefits within a given portfolio. Let's try to break down what Litecoin's beta means in this case. As returns on the market increase, returns on owning Litecoin are expected to decrease at a much lower rate. During the bear market, Litecoin is likely to outperform the market. Although it is important to respect Litecoin price patterns, it is better to be realistic regarding the information on the equity's historical price patterns. The philosophy towards estimating future performance of any crypto is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Litecoin technical indicators, you can presently evaluate if the expected return of 0.24% will be sustainable into the future.

Auto-correlation

    
  -0.08  

Very weak reverse predictability

Litecoin has very weak reverse predictability. Overlapping area represents the amount of predictability between Litecoin time series from 27th of July 2022 to 26th of August 2022 and 26th of August 2022 to 25th of September 2022. 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 -0.08 indicates that barely 8.0% of current Litecoin price fluctuation can be explain by its past prices.
Correlation Coefficient-0.08
Spearman Rank Test-0.01
Residual Average0.0
Price Variance8.58

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 crypto coin has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

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   
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       Timeline  

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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       Timeline  

Litecoin Investors Sentiment

The influence of Litecoin's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Litecoin. The overall investor sentiment generally increases the direction of a crypto movement in a one-year investment horizon. However, the impact of investor sentiment on the entire crypto markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Litecoin's public news can be used to forecast risks associated with investment in Litecoin. The trend in average sentiment can be used to explain how an investor holding Litecoin can time the market purely based on public headlines and social activities around Litecoin. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Litecoin's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Litecoin's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Litecoin's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Litecoin.
Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Litecoin in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Litecoin using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see Litecoin Correlation, Litecoin Volatility and Investing Opportunities module to complement your research on Litecoin. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Other Tools for Litecoin Crypto Coin

When running Litecoin price analysis, check to measure Litecoin's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Litecoin is operating at the current time. Most of Litecoin's value examination focuses on studying past and present price actions to predict the probability of Litecoin's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Litecoin's coin price. Additionally, you may evaluate how adding Litecoin to your portfolios can decrease your overall portfolio volatility.
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