Mathematical Volume Analysis of LTC Top: 0.0815

BTCE:LTCBTC   Litecoin / Bitcoin

LTC rose from $6.12 to $8.15 in the past 24 hours with a volume of $21M USD on BTCe. Approx 10.5M on the USD market, 10.5M on the BTC market.

Historically, I remember the final euphoric 24h tops of LTC to be $100M in total volume . That means, given a final %price increase of 60% in 24h, the top should be at:




----The dollar top, predicted at $21.45

$21.45/$8.15*0.03097 = 0.0815

----The ratio top, predicted at 0.0815

In conclusion, 0.0851 as a final LTC/BTC ratio top is predicted by the historical:current volume ratio.

Stylized equations:
this is fontas.. for those who haven't heard he was a legend in pump & dump schemes back in the days. this dude made loads of money for me but he just doesnt know it lol.. expect some bias in his analysis. trade with caution.
+2 Reply
And it s done, ltc is gone!
+2 Reply
Your line indicates an immediate run to said level, but the recent crash kind of contradicts that plan.
+1 Reply
btc_joe MoonTrader
Right, this looks like it might have topped out at least for the very short term, we finally saw the ratio drop as bitcoin pumped this time. The ltc halving is not for another 5-6 weeks or so, I could see some real nice pull back here or at least consolidation over the next few weeks, then another huge pump as we get closer to it.
+2 Reply
Much better this time!
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