LTC Has Entered Overbought Territory

Will the price rise further? Most likely yes, in anticipation of the launch of the LitePay, because more people will see LTC as a valuable asset to own. If we go to LTC chart on 4h and 1d tf, we realise that the RSI has flashed a bearish divergence signal at its overbought region. However, the MACD shows us bullish trend and the LTC price can move higher in the next few weeks. The resulting rise above the 50-Day EMA provided a form of dynamic support, further confirming the continuation of the bullish trend too.

So, to summarize. If you bought at the price of 0.0235, then you should be patient, as in the coming days the price may drop to 0.019-0.02. Also, in the future I expect the continuation of updating the new price highs.