I said it in my private groups, I believe we have bottomed and the long term bull trend is intact. We have seen a full retracement back to previous resistance, as we have done so many times before. It was just so painful because once we crossed the 7.5k -8k resistance point on the way up, there was virtually no resistance all the way up to 20k.
For litecoin that resistance point was $100, and once we had blown past that, $145 offered a bit of resistance (as it did support down) but then we blasted off to $420. This was a painful retracement for a lot of people, but it was no different than any other time we have gone back to test support on previous resistance.
I think the markets are looking strong, with a close of bitcoin above 8k we're looking good, strong above 8.5k, really strong above 9k. I'm highly confident we have found the bottom and will resume going up, even if it's a slow and choppy recovery up. A lot of resistance has been built that wasn't there before.