i.imgur.com/JFkJgMK.png
LTC rose from $6.12 to $8.15 in the past 24 hours with a volume of $21M USD on BTCe. Approx 10.5M on the USD market, 10.5M on the BTC market.
Historically, I remember the final euphoric 24h tops of LTC to be $100M in total volume. That means, given a final %price increase of 60% in 24h, the top should be at:
(VolumeNow/VolumeTop)*((%ChangeNow)/(%ChangeTop))*(CloseNow/CloseTop)=1
(VolumeNow/VolumeTop)*(/(%ChangeTop))*CloseNow=CloseTop
($100M/$21M)*(/(60%))*$8.15=$21.45
----The dollar top, predicted at $21.45
$21.45/$8.15*0.03097 = 0.0815
----The ratio top, predicted at 0.0815
In conclusion, 0.0851 as a final LTC/BTC ratio top is predicted by the historical:current volume ratio.
Stylized equations: i.imgur.com/JFkJgMK.png
LTC rose from $6.12 to $8.15 in the past 24 hours with a volume of $21M USD on BTCe. Approx 10.5M on the USD market, 10.5M on the BTC market.
Historically, I remember the final euphoric 24h tops of LTC to be $100M in total volume. That means, given a final %price increase of 60% in 24h, the top should be at:
(VolumeNow/VolumeTop)*((%ChangeNow)/(%ChangeTop))*(CloseNow/CloseTop)=1
(VolumeNow/VolumeTop)*(/(%ChangeTop))*CloseNow=CloseTop
($100M/$21M)*(/(60%))*$8.15=$21.45
----The dollar top, predicted at $21.45
$21.45/$8.15*0.03097 = 0.0815
----The ratio top, predicted at 0.0815
In conclusion, 0.0851 as a final LTC/BTC ratio top is predicted by the historical:current volume ratio.
Stylized equations: i.imgur.com/JFkJgMK.png
