Litecoin is massively overbought right now, which is not good. People are buying LTC just so that they can get the 10 free Litecoin Cash. And unfortunately everyone wants to sell after the 20th. Litecoin might reach $260 just because of the fork hype...and inevitably fall down to $120 - $140. If anyone is planning to do the same, bare in mind that bots will beat you to it -plan ahead.
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Is that what happened to Bitcoin after the Bitcoin Trash fork?
Nope. The price of Bitcoin continued to rally. Much much higher.
But we are still consolidating right now throughout the market. Wouldn't it be too unrealistic to expect Litecoin to keep rallying, at least in the current market? Massively overbought on the Relative Strength Index without strong support.