Dec 05, · Exactly - LTC to BTC valuation is extremely overlooked and possibly just not understood - the 'SATOSHI'. I will begin my conversion back into BTC @ - @ and I look for a valuation of about 10 LTC = 1 BTC. This is my play since LTC to BTC - And the outlook is tremendous. LTC . Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume. The LTC/BNB official rate from Binance for today is Some of the exchangers presented here have additional commissions that are included in the rates in case of calculating an exchange for the amount of 3 LTC. To calculate the best exchange for your amount, use the Calculator feature. About exchanging Litecoin to Binance Coin.
Ltc to btc binanceHow To Convert Litecoin (LTC) To Bitcoin (BTC)
Figure 7. In calculating the returns only business days were considered. Correlations between cryptocurrencies and conventional assets were noticeably stronger than the corresponding 2-day return correlation in Figure 6 above. Correlations in Returns Across Multiple Days. The correlation of cryptocurrencies like the ETH or XRP peaked for one-day returns and then, in the case of ETH, remained fairly constant red line but declined considerably in the case of XRP in blue for longer returns.
The correlation with Gold was also stronger for day returns or more. Thus, in designing a regression model to predict one cryptocurrency based on its correlation with another, it would be better to use daily returns for short term predictions and prices for longer-term. Figure 8. Another thing to consider in a correlation analysis is the variability of correlations over time.
Notice in the chart in Figure 9 that while early Bitcoin correlations fluctuated considerably over time, sometimes alternating from negative to positive, correlations started becoming more stable and reliable as Bitcoin matured. Since the beginning of , the correlation with stocks 2nd window pane in blue dipped briefly—only once going below zero—while the correlation with LTC 4th window pane in green remained positive from the middle of until today.
Figure 9. Leading-Lagging Correlations. The lag values in the first column indicate the duration in days by which Bitcoin leads or lags the other. A higher correlation with positive lags indicates that Bitcoin is leading, whereas higher correlation with negative lags indicates that Bitcoin is lagging the other asset.
The results were certainly a surprise. The relationship with gold was a little more complicated. Short and up to 5 day lags indicated a Bitcoin lead but this reversed for higher-order lags see Figure The weekly correlations with other cryptocurrencies tended to decrease exponentially after the first and until the 5th day see figure After that and for more than 7 day lags, the correlation reversed direction and started to increase.
To confirm these rather unexpected results, I identified four tops and bottoms in the composite chart of Bitcoin, SPX in blue , and ETH in black in the chart in Figure 9 above, and drew red and blue vertical lines at the tops and bottoms respectively.
As you can see the SPX lagged Bitcoin in 3 out of four tops and bottoms. The fourth top, in February of was coincident. In the case of Ether, the results were inconclusive. The ETH lagged Bitcoin only half the times at tops and was coincident at 2 out of 3 bottoms. The lag was, however, more apparent at important tops. Notice the 3 week ETH lag during the December top. Tops are indicated with vertical red lines and bottoms with blue lines.
Figure Higher correlations for negative lags indicate that Bitcoin lags the corresponding asset and higher correlations for positive lags indicate that Bitcoin leads. Correlation of day returns between Bitcoin and the symbols described in Figure 3 above, for the last two years until the end of April Correlations have strengthened considerably from the corresponding 2-day returns and especially the correlation with conventional assets like Gold and stocks SPX.
Higher correlations for negative values on the X-axis indicate that Bitcoin lags the other assets and higher correlations for positive values on the X-axis that indicate that Bitcoin leads. The correlations were calculated for the 2 year period from the end of April until the end of April Autocorrelations of Returns. In the table in Figure 13, you can see the autocorrelation of day Bitcoin returns over successive and up to day lags.
Autocorrelation is basically the study of the correlation between a time series and a lagged version of itself. But what good is it? Autocorrelations can be useful in choosing the appropriate strategy and selecting robust indicator parameters in a technical trading system. In this case, the autocorrelations were strong for 5-day returns or higher, suggesting strong trending tendencies which can be exploited by using trend indicators for example moving averages or a trend based method in a trading system.
The best indicator parameters and time horizon can be selected from the autocorrelation table. Bitcoin correlation with a lagged version of itself autocorrelation of day returns for the last two years until the end of April Autocorrelations are stronger than the corresponding autocorrelations of conventional assets not shown suggesting strong trends. Notice that the longer the return the stronger the correlation for higher-order lags.
A correlation peak appears around day returns after which correlations improve only marginally. In the bottom window, you can see the bar 2 trading day correlation.
Prelude to Trading Tips. Before divulging any strategies I should point out, for the benefit of traders that are not familiar with cryptocurrencies, that these are highly volatile assets, far more than the traditional stocks or forex that you are accustomed to trading.
You should therefore revise trading rules, such as stops or profit targets based on percentages. According to the statistics in Figure 15, cryptocurrencies are 1.
Another thing to consider is that Asian markets are a key driver of cryptocurrency prices, which means a lot of it happens after the US market closes. Daily absolute percent returns changes statistics for the last 7 year period from to In the second part of this article, I will present two trading strategies for trading cryptocurrencies. Within a developed simulation environment algorithms, the cryptos are put to the test, and conclusions are drawn regarding both the prediction accuracy and the test procedure as such.
A search bar should appear on your screen. The website will provide you with a deposit address for the cryptocurrency you selected. The address will be a string of numbers and letters both lowercase and uppercase. Copy the address in its entirety and go to your wallet of choice. Send the amount you wish to deposit to the address you copied.
It is quite common for the transaction to take up to half an hour to complete, so don't expect the funds to be available on your Binance account instantly. Once the small amount reaches your Binance account, you can proceed to deposit the amount you would actually like to use for trading.
Tip 3: Depositing funds from one exchange to another can sometimes be limited by restrictions. We strongly advise you to deposit directly from your wallet. If you would only like to see the coins which have a balance of over 0. If your deposit has already been processed, the coin and amount will appear on the list.
If you have multiple coins, you can use the search bar. For this step, we will assume you deposited BTC. You can deposit Litecoin on Huobi and convert it to Bitcoin anytime by registering on the exchange.
Note: You will be able to accomplish a BTC-to-LTC or vice-versa conversion swiftly only if you have a verified and registered accounts on the exchanges. Also, use these exchanges only to convert your LTC to BTC and never store any of the cryptos on them for a long term because centralized exchanges like this are susceptible to hacks. And if you are looking for a single recommendation for storing Bitcoins and Litecoins together in a wallet, look further than Ledger Nano.
Find this post helpful? Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He has a background in both finance and technology and holds professional qualifications in Information technology. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
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