Long term monthly Bitfinex LTC chart; I see a pattern

14 Jul 2020

End of LTC % # months Stage
May 2013 $2.72
Nov 2013 $39.50 1352% 6 Parabolic Top
Jan 2015 $1.44 - 96.4% 14 Bear Market
Jul 2015 $4.64 222% 6 Pre-halving pump
Feb 2017 $3.61 -22.2% 19 After halving consolidation
Dec 2017 $225.40 6144% 10 Parabolic Top
Dec 2018 $30.96 -86.3% 12 Bear Market
Jun 2019 $122.70 296% 6 Pre-halving pump
Jun 2020 $41.18 -66.4% 12 After halving consolidation

Notes:
1. Notice the stages are cyclical. 2013 was a parabolic move to a long term top. A 2014 bear market for just over a year followed. There was then a 6 month move up before the 2015 LTC halving. What followed was a drop in hash rate and a long 19 month after halving consolidation in price.
2. After the long consolidation into early 2017, LTC then went into a 2017 parabolic move to a long term top. Once again a bear market followed in 2018. Then another 6 month pump in price before the 2019 LTC halving. What has happened after the halving was a drop in hash rate (and has since recovered) with a 12 month consolidation in price.
3. This consolidation could continue into early 2021. What should follow is another parabolic move to at least the end of 2021.
4. Charlie Lee stated on the John Kim podcast last night that be believes LTC will reach a new ATH in the next 2 years. Charlie was right in Dec 2017 when LTC was about $300 when he predicted the price could drop to $20. It went to $22 in Dec 2018. Will he be right again? I think so.