I want to Buy some litecoin but price seems inflated.
How can I Know when the price is low enough to buy? I think it's called the dip.
I am such a noob lol
Please point me to resources to learn about this
Thanks

Look at the charts, man... look back to 24 hours, 1 day, and probably 1 month - then you decide for yourself if the price is high or low.
On youtube, you may want to watch videos about trading analysis, EMAs, Candlesticks, etcetera... Sign up with twitter and follow Charlie Lee. I guess he is the best source of LTC news.