We had a correction as predicted previously. This was a bit bigger than I expected, but it's already looking extremely overbought and will probably correct soon.
Litecoin continues its downward trend to create a new bottom of 39 CNY, lower than the previous bottom. I continue to believe my previous assessment that Litecoins fundamentals are no longer enough to keep it in the position as the second place coin. Unless something very extraordinary(i.e, Litecoin on Coinbase) happens to Litecoin at this point, it's bound to...
Time scale is hard to estimate.
LTC is currently at risk of no longer being the #2 coin. Whether it survives depends on significant developments in the Litecoin space, for example LTC on Coinbase which requires reliable LTC exchanges.
I believe the price will decay to a minimum of 0.012, especially with the BTC price increases we've been seeing lately. If the...
