IvanLabrie
Short

LTCBTC soon to tumble and fall to new lows

BITFINEX:LTCBTC   Litecoin / Bitcoin
933 9 8
We are witneseeing longer term long position inventory liquidations by the holders who opened at or around August 18.

Based on the move away from fair value that LTC             is displaying and the weakness manifested in BTCUSD             as well, I conclude that this pair will take a beating and reach new lows.

My forecast is a halving of the previous accepted value, so targetting 0.005865 BTC per LTC             in the coming weeks.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
IvanLabrie PRO
2 years ago
BTC-E:
snapshot

As you can see levels are similar, if not equal.
I expect this forecast to materialize soon, even in less time than expected.
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IvanLabrie PRO
2 years ago
Dominant trendline:

snapshot
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IvanLabrie PRO IvanLabrie
2 years ago
snapshot


Trendline still relevant.
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IvanLabrie PRO
2 years ago
Weekly trade working out beautifully...
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IvanLabrie PRO
2 years ago
Moving as forecasted, slow but sure decline.
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IvanLabrie PRO
2 years ago
Looks good. (not for LTC)
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IvanLabrie PRO
2 years ago
Target barely missed, 0.00586...it hit 0.00590.
Meh, what a fail! ;)
+1 Reply
IvanLabrie PRO
2 years ago
I was 0.00003 off and 5 weeks early...
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blackswan
2 years ago
excellent analysis and looks like you were spot on... i also expect price to hit somewhere 0.0058 range sometime soon before commencing further to 0.004xx levels... i think at this stage ltc has nothing to offer and a lot of bagholders are going to exit this market in near future...
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