We study downward deviations of the maximum local time of the discrete-time simple random walk on $\mathbb{Z}^d$, $d\ge 3$. In our previous paper \cite{li2026ldmaxlocal}, the corresponding upper bound was established, while the matching lower bound was left open. In the present paper, we prove this lower bound and hence obtain the sharp asymptotic formula for the downward-deviation probability. To provide a discrete-time analogue of the jump-chain/holding-time structure used in the continuous-time argument, we introduce a new random structure which we name as {\it loop-pruned random walk} and the associated loop-pruning decomposition, which is also of independent interest.