There's no denial that the fundamentals as well as the general trend is favorable for Litecoin.
In the short-term, however, there're signs that it has been overbought. The bearish crab pattern may be confirmed today, and increased volatility may ensue next week.
There's strong support as in the chart. It'll be a good idea to long when price retraces close to that area.
Meanwhile, if BTC decides to shoot up to $20k, LTC would also double without remorse. So an entry at this price point would be a judgement on the likelihood of BTC bubble continuation.
In the short-term, however, there're signs that it has been overbought. The bearish crab pattern may be confirmed today, and increased volatility may ensue next week.
There's strong support as in the chart. It'll be a good idea to long when price retraces close to that area.
Meanwhile, if BTC decides to shoot up to $20k, LTC would also double without remorse. So an entry at this price point would be a judgement on the likelihood of BTC bubble continuation.
Btc: 13x3f7ZZNWNsxQvCCfFjJaokUQaWyQsAuf
Bch: 18Z7pkKHMmzrS9Jac2JVvX4WfCYodv9TRZ
Dash: XcZvuSBgJJwsXRR9xTCBxT2tUbaBSwP87V
Eos: 0x1739a91033ab90b497dD6C05489a10B7611DF750
Eth: 0x1739a91033ab90b497dD6C05489a10B7611DF750
Ltc: LhbyMWfiFkZpqJ3uJ7ja95YrTug22fjzJu