50.5% comes from what I'm guessing bitcoin to fall. 42 USD is current price of litecoin.
(I could be totally wrong)
The link below has another perspective of the same thing...
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I was sleepy during the calculation. The target for bitcoin should be $1170. Same calculation then yealds: 1170/2511 = 46.6% 66.8% * 46.6% = 31.1% 31.1% * $42 = $13.07
THAT IS EXTREMELY CLOSE TO $13 !!! WTF!?
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The ratio is actually going down... But not in the way I expected... I was right about this, but I seem to have no clue about cryptos... You should unsubscribe at this point, it's getting silly. I'll continue with the inaccurate analysis posts.
@FilipeValentim, The longer it takes, the less likely this is to happen since the drop of price has to be bigger.
Maybe it won't happen at all...
crzymoto
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@LogicalDeduction, when you finish the chart let us no what you come up with,,, it would take an armeggeddon for this to play out even with btc hitting the floor there is no sensible argument on the ltc chart that this could play out, quiet the opposite, of course ltc is still long awaiting the volume to rise, I do kinda c a spot between 1st and 4th of august where ltc could potentially enter a parabolic channel,, ltc is worth watching that's the only thing I know for sure
UncannyDeduction
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@crzymoto, @FilipeValentim Hey guys. The ratios are changing!
It's reacting to the pattern. Not in the way I thought.
I still stick to my belief that litecoin will eventually crash simultaneously with bitcoin, but more.
carsonsw
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@LogicalDeduction, Thanks for sharing. Are you saying that you LTC will crash and BTC will crash. If you expect BTC target price fall to USD 1170 , Then USD13.07 on LTC . Then it should be 0.1117 as you showed.
What is your suggestion now for guys who are trading LTCBTC? Will gain the % from 0.016 to 0.00111 = 33% earn but the lost on BTC will be more than 50%.
In this case, I assume that SHORT BTC/ SHORT LTC will be a reasonable action.