Revision limit or Data Retention Days
365 days revision limit is supported.You do not need to create the Lifecycles manually, WPTC does it automatically for you from version 1.17.0.
Please check and ensure that you have updated your WPTC plugin to version 1.17.0 or above.
By default, Dropbox allows 30 days history limit. You need to buy other plans to increase the version history limits.
Unfortunately, Google Drive does not support history limits for more than 30 days.
Note: Once you have enabled 120 days restore points, WPTC plugin will automatically change the default number of restore points to 120 days.