In order to get an understanding of where crypto prices are going, especially the “currency crypto coins” (like LTC, Dash, BTC, etc.), it is important to do intermarket analysis.
Intermarket analysis is looking at how a particular sector or good (such as crypto currencies) perform in relation to other relevant goods or sectors, instead of just looking at the good (such as cryptos) in isolation.
When looking for a sector or good related and relevant to cryptos, there is almost nothing more appropriate than the US dollar.
Now, I have been following the US dollars for years, knowing that eventually there will come a big US dollar collapse. However, it is not easy to find a good way to benefit from such a collapse, but then came Bitcoin and the altcoins.
In my opinion, investing in Bitcoin and (especially) altcoins is the ideal way to short the US dollar or benefit (or shield) from its collapse. Hopefully you will see why, below.
Below, is a long-term chart of the US Dollar Index (it measures US dollar against a basket of major traditional currencies):
The US dollar appears to be in the process of a typical 5-wave correction, since the early 80s. I believe that the 5th and final wave started at the beginning of 2017. The last wave can often be the most brutal, and I think it will be the case here.
Below, is a comparison of the US Dollar Index and three cryptocurrencies (Dash, Litecoin and Bitshares (the EOS older brother):
Look what happened to the crypto prices after the start of wave 5 (the blue line or point 4). They started to rise and then went parabolic. I believe this to be only the first phase, and when the US dollar continues its collapse, these cryptos will start the second phase to new all-time highs.