Technical Charts Week of 7/2/21

Litecoin to Bitcoin Ratio

Litecoin is nearing historic lows in its ratio to Bitcoin on the weekly chart. Historically, when Litecoin nears this range it often prepares itself for bullish movement in its ratio to BTC, so over the next few weeks, it will be interesting to watch Litecoin's price action in its ratio to BTC and USD.

Cardano to Bitcoin Ratio

With the Alonzo update being rolled out this month and likely to be fully rolled out by the end of August, Cardano's price action is likely to be influenced by the new update. Currently, it's forming a pennant on its ratio to Bitcoin.

Stellar Lumens

XLM is forming a descending wedge after its dip from earlier in May. In the shorter term, XLM has also been achieving higher lows. Depending on the influence of overall market movement, XLM may be preparing for a bullish breakout.