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XRP/USD by TradingView Moving forward

Willy Woo, an on-chain analyst and partner at Adaptive Capital, recently stated that Litecoin’s price action could be used as a “confirmation signal” of where Bitcoin is heading next. From a low time frame, the analyst determined that LTC was leading the crypto-market.

Under this premise, a look at LTC’s 1-day chart could indicate the fate of the market. The TD sequential indicator presented a sell signal in the form of a green nine. This technical index estimates that Litecoin could retrace for a one to four candlesticks. This could allow it to look for support around the middle Bollinger band (21-day moving average).