This is the biggest push I've seen LTC have ever. I've always been a fan of LTC because it tends to stay pretty stable, but this recent push is also concerning me, do you believe that LTC is overvalued?
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I don't know if Bitcoin is overvalued (probably is - but will stay that way until everyone relaxes: as long as everyone is nervously waiting for correction, correction will not come~!_) but LTC is not hugely overvalued in BTC terms right now.
Look at 5-17July price history, it fluctuated several times bouncing back off a strong resistance at >20mBTC!
And it only reached 17.1mBTC today (admittedly, fast this time).
The previous cycle was roughly 1 month between peaks and dips.