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
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.
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