MAGIC / LTC ratio and spread
1 MAGIC = 0.001663 LTC. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.945 and the correlation between the legs is 0.53.
If you hold MAGIC · If you hold LTC
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Key numbers
over 1399 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs move together only moderately — correlation of daily log returns is 0.53, with a hedge ratio of 1.94. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at 2.24 standard deviations above its rolling mean — MAGIC is expensive relative to LTC by the standards of this window.
Reversion is slow: the spread needs roughly 284 days to cover half the way back to its mean. A position would have to be held for a long time.
The current ratio sits near the bottom of its range — only 4% of the way from the low to the high of the last 1399 daily candles.
Frequently asked
How many LTC is 1 MAGIC?
1 MAGIC is worth 0.00166301 LTC at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the MAGIC/LTC range?
Over the last 1399 daily candles the ratio traded between 0.000694155 (25.09.2026) and 0.0247329 (21.03.2023).
Are MAGIC and LTC correlated?
The correlation of daily log returns between MAGIC and LTC is 0.53, which counts as a moderate link. Log returns are used rather than prices: two rising assets correlate almost by default, joint day-to-day movement is what matters.
What is the MAGIC/LTC spread z-score now?
The z-score is 2.24 — the spread is stretched beyond two standard deviations. It measures how far the regression residual log(A) − β·log(B) sits from its rolling mean, in standard deviations.
Is MAGIC/LTC suitable for a pair trade?
The mechanics hold up: correlation is 0.53 and the spread historically covers half the way back to its mean in about 284 days. That is a description of past behaviour, not a forecast or a recommendation.
Related pairs
Other pairs sharing a leg with this one.
All figures are computed from exchange data and describe past behaviour. Nothing here is investment advice.