LTCBTC:Is the bearish cycle about to end? The trade of the year?

LTCBTC, as we can see on the charts have been on a massive downtrend for a couple years. Price tried to break above the resistance line (long term trendline) but failed to stay above. For many that could be a bad sign but in my experience that usually happens often when price is showing signs that the trend could reverse, in this case, could be for the long term because the analysis is based on the higher timeframes.

Important factors to mention regarding price action:
Price held nicely above the Monthly demand area. Price bounced creating a weekly demand, tried to break the trend but failed and returned to its original price point. Once again, this time price managed to bounce after creating a double bottom on top of the weekly demand previously created, which aligns with the monthly demand.

Price is currently sitting above a 4 hour demand area creating plenty of support.

With that being said, we are soon to be facing a daily supply area (marked in red) which could either make price push down again or keep price in a range between the daily and 4 hour levels. (I do believe the daily area will be broken, taking the liquidity of the sellers in that area).

The level that I will be looking the most is the Weekly supply (marked in violet) above the dynamic resistance (trendline). I do believe that that is the area that will challenge price the most.

A good sign would be for price to break the dynamic resistance and in the near future end up breaking the weekly supply zone, which will make price to rally and provide massive returns to the long traders. Failure to break the daily area or get above the dynamic resistance will invalidate the idea.