Technical analysis by spilkerBTC about Symbol LTC: Buy recommendation (10/2/2023)

Litecoin recently underwent its halving event on August 2nd. If we look at how the price reacted to each halving, it typically trends downward for about 1 year before it sees its bull run.Litecoin is no different than BTC when it comes to its cyclicality. Here's a chart I published early this year:You can see how BTC tends to move in very distinct cycles and often follow predetermined time intervals. Will the pattern continue? I'd say so. Even if not identical, the cyclical nature of cryptocurrencies is a very appealing investment.