IvanLabrie
Short

LTCBTC soon to tumble and fall to new lows

BITFINEX:LTCBTC   Litecoin / Bitcoin
947 9 10
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.
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.
Reply
Dominant trendline:

snapshot
Reply
IvanLabrie PRO IvanLabrie
snapshot


Trendline still relevant.
Reply
Weekly trade working out beautifully...
Reply
Moving as forecasted, slow but sure decline.
Reply
Looks good. (not for LTC)
Reply
Target barely missed, 0.00586...it hit 0.00590.
Meh, what a fail! ;)
+1 Reply
I was 0.00003 off and 5 weeks early...
Reply
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...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out