Everybody will remember 2017 as the year when cryptocurrencies skyrocketed in value, especially Bitcoin. While Bitcoin was slowly rising since its creation, 2017 was the year when its value went from around $1.000 to almost $20.000, making some of the skeptics rethink their stance on cryptocurrencies.
Some believe that cryptocurrencies will once replace regular money. On the other hand, some believe that the cryptocurrencies will gradually disappear. Opinions are different. At this time, nobody can safely determine its future. And maybe it does not even matter at all.
This is the first time that LTC is under $100 this year. We consider numbers $1, $10, $100, $1000, $10000 as a magical limit for which strong support and resistance are created. When they are repeatedly penetrated, then another growth or fall occurs, depending on which side they come from.
We have the quietest period since the beginning of the year on the crypto market. It is a natural reaction to the previous period. We have had 6 months of bear market, a chaos period and very significant changes in the course. It was a challenging period.