BTC and LTC dips after hitting new Highs

I had been anticipating a drop or correction in the prices of these coins because over the last one week, they have been performing pretty well in the market.

BTC has been pumping massively, same with Litecoin and both have successfully hit new highs for 2020. BTC touched $12 and above while LTC touched $65.

From the above screenshot I took, we see that bitcoin attained $12,154.24 mark price. And this happens to be its 2020 all-time high. We also see that it dropped drastically and sharply to a support of $10,490. It can only mean that people started dumping when it did hit 12k dollars.

On the other hand, LTC achieved a $65 mark price and then dropped low to $51.

Should we expect a further dip?

This I can't say because no one can accurately predict the market. But I'm hopeful that BTC will drop a little further to maybe, $10000.

Posted Using LeoFinance