LITECOIN Found support on 1W MA50. Will history repeat itself?

The title really says it all. LTC is trading around the 1W MA50 on a possible mid term support event for the current Bull Cycle, which is methodically repeating the 2015 sequence. This MA period previously held throughout 2015 – early 2017 up until Litecoin initiated its super strong rise to the mid $300s peak.

Notice how the Top-to-bottom and bottom-to-Halving bottom phases between the 2 cycles have been virtually identical.

There is no reason to expect something different this time. Unless we see a major divergence below the 1W MA50, I expect this level to attract buyers and give sporadic spikes on a lengthy consolidation until the next super strong parabolic rise.

Tradingview link:

https://www.tradingview.com/chart/LTCUSD/VRvjEDPY-LITECOIN-Found-support-on-1W-MA50-Will-history-repeat-itself