Litecoin [LTC], like most other currencies, had a hard time last month as it lost an important amount of its worth. In fact, if the new data is to be considered, then LTC might be in an 8-year cycle, which at foremost glance looked thinkable.
What’s going on with Litecoin?
CoinMarketCap’s data unveiled that Litecoin’s cost witnessed more than a 22% correction in the last 30 days alone. The decreasing trend didn’t finish in the past week, as it was down by 13%.
Though this was thinkable, the new analysis from Master, a famous crypto analyst, revealed a different image. As per the tweet, Litecoin is in its 8-year perfect cycle now.
If that is true, then investors will witness LTC arriving at a peak in October 2025. Recordly, during each 4-year process, LTC has reached a peak. To be notice, during the years 2014, 2018, and 2022.
If the record repeats itself, then LTC might range from $65k to over $100k during its upcoming peak.
The latest news was that, like many other cryptos, LTC also achieved bullish momentum in the last 24 hours as its cost surged by more than 3%.
At the time of writing, LTC was trading at $64.73 with a demand capitalization of over $4.8 billion, creating it the 21st biggest crypto.
Things can get even better soon, as the coin’s NVT ratio fell last week. A fall in the metric means that an asset is undervalued, hinting at a cost surge.
Investors’ confidence in the currency also seemed to have enhanced as its weighted sentiment went up. This clearly meant that bullish sentiment around the coin was important in the market.
Nonetheless, not every metric was optimistic. For instance, the MVRV divisible registered a fall. Its speed also dipped in the last few days, meaning that LTC was utilized less often in transactions within a set timeframe.
According to the data, its long/short ratio also fall, meaning that there were more short positions in the demand compared to long positions.
The coin’s MACD displayed a bearish upperhand in demand. Nonetheless, nothing can be said with utmost importance as the Chaikin Money Flow (CMF) registered an uptick, indicating a continued cost increase.