UnknownUnicorn788630

LTC to drop another 67% ratio-wise. LTC to hit $6,27 soon.

Short
BITFINEX:LTCBTC   Litecoin / Bitcoin
Litecoin is a dead project

LTCBTC ratio just broke critical support level. The next support level is 0.006811, which will most likely not hold either.

Peter Brandt expects sub $30 LTC soon, and Charlie Lee predicted $20 LTC a year ago. ETC was recently added to Coinbase, which means LTC is no longer the cheapest coin; this will have a tremendous (negative) effect on LTC adoption and the intensity of future pumps (if any).

Litecoin will most likely drop to 0.003135. We expect Bitcoin to drop to $2k. This ratio would then put LTC price at $6,27 per coin. We highly recommend all Litecoin holders to get rid off their coins. Any LTC above $10 is massively overvalued. Anyone who bought LTC above $80 will most likely never make his money back.
Comment:
I advised selling in May, when the ratio was around 0.016 BTC.
Litecoin true ratio is closer to 0.003 BTC. Litecoin has no purpose, it is a joke coin. Don't be a bagholder.

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