I sold all my LiteCoins (managed to sell 50% at $12.90  ).


Why?

The SegWit activation rate keeps dropping. In the last 24 hours it has been of 64.06%

Source: http://litecoinblockhalf.com/segwit.php


I looked at the LTC Hashrate distribution today and compared it to 1 week ago (April 10).

I saw that LTCTop went from nearly nothing to 11.6%, which is the third biggest LiteCoin pool at the moment.
And guess what? They don't signal for SegWit


Hashrate on April 10
http://img4.hostingpics.net/pics/142667LTCHashrate201704APR10.png

AntPool (7.2%) + LTC1BTC (12.2%) = 19.4%
Jian power on hashrate was pretty low back then.


Hashrate on April 10
http://img4.hostingpics.net/pics/817463LTCHashrate201704APR17.png

AntPool (3.6%) + LTC1BTC (18.8%) + LTCTOP (11.6%) = 34%
100% - 34% = 66%

I guess Jian made a deal with them and is sending his hashrate power to that pool.
So unless the Pro-SegWit pools add a lot of hashrate, I think the SegWit camp will lose this round.
That's why I expect LTC price to drop a lot in the next days.

We'll see how it goes.