Scott will most likely go with his already established title sequence where each letter is individually and gradually brought onto the screen to slowly reveal the title.
He did this with 'ALIEN'.
He did it with 'PROMETHEUS'.
I don't see him breaking his long standing traditional reveal of the title. He'll more likely retain his already well known individualistic style for the title rather than embrace someone else's. If anything, Scott isn't a plagiarist - and he was the first Director to do so. He's got his own ideas whether we like them or not.
His title reveal of his previous 2 films is a signature now. I don't see him wanting to deviate from it too far. I'm guessing we'll see a return of the original 'ALIEN' title being revealed to us in the manner we are accustomed to and then 'Covenant' will appear as a single word.
Scott has already demonstrated to us he's gone retro in his set design for this movie. We already know that. I can see the title sequence would follow suit and borrow similar design language from the first film rather than be inspired by the second.
-Windebieste.