LTCBTC soon to tumble and fall to new lows

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.