All About Litecoin's 8-Year Cycle and the Road to $100K

Litecoin price is up 3% in the last 24 hours.
Market sentiment around the currency remained bullish.

Litecoin [LTC]Like most other cryptocurrencies, LTC has had a tough time in the past month, losing a significant amount of its value. In fact, if the latest data is taken into account, LTC may be on an 8-year cycle, which at first glance seems alarming.

However, there is more to the story.

What’s going on with Litecoin?

Coin Market Cap Data It revealed that Litecoin price has seen a correction of more than 22% in the last 30 days alone. The downtrend did not end last week, as it dropped by 13%.

Although this was disturbing, it is the latest. analysis Master, a well-known cryptocurrency analyst, revealed a different picture. According to the tweet, Litecoin is currently in an 8-year cycle.

If this is true, investors will see LTC peak in October 2025. Historically, during every 4-year cycle, LTC has peaked. Specifically, during the years 2014, 2018 and 2022.

If history repeats itself, LTC price could range from $65K to over $100K during its next peak.

Source: X

This can be expected in the short term.

Since looking at a 2025 peak is still a bit early at the moment, AMBCrypto planned to check the current state of the coin to see what to expect in the near term.

The good news is that, like many other cryptocurrencies, LTC has also gained bullish momentum over the past 24 hours as its price has risen by more than 3%.

At the time of writing, LTC is trading at $64.73 with a market cap of over $4.8 billion, making it the 21st largest cryptocurrency.

Things could soon improve, as the coin’s NVT ratio fell last week. A drop in the metric means the asset is undervalued, suggesting a rise in prices.

Source: Glassnode

It also appears that investor confidence in the currency has improved with its weighted sentiment rising. This clearly means that bullish sentiment around the currency has been dominating the market.

However, not all metrics were optimistic. For example, the MVRV ratio recorded a decline. Its velocity has also decreased in the past few days, meaning that LTC is being used less in transactions within a given time frame.

Source: Feelings

Is your wallet green? Check the Litecoin Profit Calculator

Our analysis of Coinglass data revealed that the buy/sell ratio has also decreased, meaning there are more short positions in the market than long positions.

The MACD indicator for the coin has shown a bearish upper hand in the market. However, nothing can be said with absolute certainty as the Chaikin Money Flow (CMF) has registered a slight increase, indicating that the price will continue to rise.