LTC Bullish cycle is still yet to start
Whilst cryptocurrencies look like they are recovering this week, using a wider chart we can gather a better picture on price. This analysis looks at LTC on the monthly time frame to gather a longer term view on price. Using fib retracement levels and the it is clear that price is still yet to decrease to . Once price reaches this level, I expect it to increase and break through the which then starts the next cycle for the year where we see new highs. I believe all main cryptocurrencies will follow this pattern, a large decrease is still to come. But once that’s over, we can expect new highs in the coming year for all coins.