Litecoin: Hurst Cycles - 5th April 2022

A familiar troughing pattern for the 40 week component, outlook for the rest of 2022 and the immediate trading strategy

Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend

Phasing Analysis

Long Term

Components greater than and including the 18 month nominal cycle

Medium Term

Components less than and including the 18 month nominal cycle

Short Term

Components around the 80 day nominal cycle

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Analysis Summary

The 40 week nominal low in general has been tricky to pinpoint in this instance, although the 40 week component is visually dominant across all instruments in cryptocurrency. The main reason is the falloff in amplitude of the 40 day component coming into the low.