Looking at the 1h chart we can see that LTC is a somewhat overbought area.
After bitcoin broke ATH, LTC followed the growth and broke resistance that has been in place since the beginning of December.
As the current price is quite far away from the 200 EMA, my prediction is that price will drop towards the 200 EMA too around 71e and then bounce back to follow the upward trend from December 11th.
I am a beginner trader, just starting out. Any advice or critique is welcome.
After bitcoin broke ATH, LTC followed the growth and broke resistance that has been in place since the beginning of December.
As the current price is quite far away from the 200 EMA, my prediction is that price will drop towards the 200 EMA too around 71e and then bounce back to follow the upward trend from December 11th.
I am a beginner trader, just starting out. Any advice or critique is welcome.