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Tether (USDT) the eight largest cryptocurrencies in the world are located just behind Litecoin, a token that suffered a total loss of 5.09% against Tether, which lost only 2.17% today. The two tokens seem to drag for the first place, and recent data have shown that Tether is more likely to throw Litecoin on the bridge. The token is certainly not risking, as it overlooks the bear market while maintaining a supply of more than $ 1.81 billion.
But that's not all, Tether has overtaken Litecoin in both trading volume and daily earnings. Soon will a bullish run occur? Is Tether trying to stabilize and tear Litecoin apart? The next 24 hours will reveal the unknown, however, a quick look at the token's performance shows a rather interesting formation against Litecoin in the last week.
Throughout the month of November, and during the late October period, Tether remained stable with a trading price of $ 0.984348, but on more than one occasion, the token managed to break the nearest resistance level and since then he has sailed between $ 0.984348 and $ 1.00 level.
Towards the end of October, the Tether increased in price and rose to $ 0.99, on the same day the token exceeded this value to reach $ 1.01 for the first time in October. Although Tether lost that position on the same day, but to prove that the move was not an anomaly, Tether broke his current resistance mark on seven other occasions from his first.
Meanwhile, Litecoin had also tried to stabilize itself since October. The token went back and forth with a trading price of $ 40 and $ 50 respectively, but yesterday was the exception, the token had slightly decreased in volume and earnings, leading it to fall to $ 36.64. Litecoin is currently trading at $ 35.75, with a volume of $ 679.71 million, while its opponent Tether trades even higher at $ 6.71 billion.
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