Litecoin decouples from the rest of the market, should you go long on it?

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Litecoin [LTC] decouples from the rest of the market, should you go long on it?

Still, on its rally, LTC exchanged hands at $62.21 at the time of writing. According toWithin the same period, its trading volume surged astronomically by 398%. In the last 24 hours, over $2 billion worth of LTC tokens have been traded.

Buying pressure gained momentum at the time of writing as key indicators were spotted in uptrends. LTC’s Relative Strength Index rested in the overbought region at 71.45, while its Money Flow Index made its way to the same zone at 69.99.

 

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