Litecoin vs Tether (Weekly & Daily)

15 июл. 2022 г.

By the request of one of our great followers, I am doing Litecoin vs Tether (LTCUSDT) today.

Here we go...

Weekly, we look first at the harmonic pattern:

On this same peridiocity, we have two reversal candles:


These reversal candles come after a -8 on the TD Sequential, giving more strength to the signal as a reversal signal.

These are strong signals and both are pointing to a pullback.

The weekly RSI is also at its lowest ever.

The daily timeframe is the main chart above and some of the signals we see on the other major altcoins charts are present here.

The "same pattern".
Prices moving above EMA10 while challenging EMA21.
And a strong increase in trading volume after June 13.

These signals are not very strong but the Altcoins market tend to move together and many Altcoins from this same group are already trading above EMA50 and EMA100.

While Litecoin doesn't necessarily needs to follow, this is the most likely scenario.

Conclusion?

Litecoin is more likely than not to grow vs tether in the weeks to come.

Namaste.