WATCH: Can Litecoin Lead A Crypto Recovery (Again?) | Daily TA August 29, 2022

In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at Litecoin, the LTCBTC and LTCETH trading pairs, and how the cryptocurrency could lead the crypto rally and outperform both Bitcoin and Ethereum. Take a look at the video below. VIDEO: Litecoin Price Analysis (LTCUSD): August 29, 2022 Litecoin went from an enthusiast favorite during the 2017 bull run to one of the most hated coins due to its laggard tendencies and limited design. Although naysayers do have a point, the cryptocurrency works a lot like Bitcoin but faster. It also enjoys regulatory acceptance allowing to on the list of major brands like PayPal – in which it is the cheapest coin on the list. Related Reading: WATCH: Powell Versus Bitcoin Price Log Curve | Daily TA August 26, 2022 Litecoin Weekly Could Trigger RSI Buy Signal Looking at the weekly Relative Strength Index and LMACD, things look a lot more healthy for Litecoin than other top cryptocurrencies. With a little push, Litecoin could set a higher high on the RSI. This is a buy signal according to the tool’s creator, J. Welles Wilder Jr. and in the past it started off major bull runs in LTC, especially when combined with a breakout of RSI downtrend resistance line. Using time cycles, we can see that the RSI, LMACD, and price bottoms at similar points. Hurst cycle theory allows for cycles to be up to 10% out of phase in either direction. The slight discrepancy in th...