Cryptocurrency price action strategies for the Litecoin (LTC)
As an operator, he is on the way for Okout for effective forms of his smart investment decisions. Cryptocurrencies have become more and more alamos in recent Yers, with many merchants to go to the returns of the path. One of the coldest cryptocurrencies is Litecoin (LTC), it is significant growth and volatility. In this article, we will explore it on the pricing strategies for the trade of technical analysis techniques of Litecoin.
Understand the action of the price of Litecoin *
Before immersing yourself in action strategies, it is essential to understand what a cryptocurrency is. Litecoin is an open -origin Electronic Electronic Cash system that allows you to send and receive transactions. The network operates in a consensus mechanism, where the miners verify the transactions and add the block chain.
Key price action indicators *
When analyzing the price of Litecoin, the areeres of several KY indicators, which merchants can, trade and trade images:
- Trendlines : Merchants of the following lines to identify support and resistance areas. An Alcista de Loy’s alignment will rise up, it is a listingline
- Volume crossovers : Volume is an essential indicator that helps merchants confirm the price. When the VOLME crosses above its average 20 per Peraga (MA), it can indicate a potential purchase signal.
- RSI oscillator : The relative renex index (RSI) measures the market and volatility. A RSI less than 30 indicates overcompra conditions, a RSI above 70 suggests overall.
Price action strategies to trade litecoin *
Price Strategies Gere Areo to trade Litecoin:
- Trend following strategies
* Next long term term: Identify the long -term trine and follow it. In this case, the long term is ascending.
* Short follow -up: identify a shotrend or a low and follow. However, be careful with the false signals of the short -term price action.
- Rupture strategies
* Identify possible outbreaks: look for areas in which they have fun from the previous support or resistance levels.
* Set a stop -los: establish a stop-thess below
- Support and resistance identification
* Identify key and resistance levels: Use technicians indicators such as trend lines, RSI and MACD to identify areas and resistance.
* Adjust the falls accordingly: according to the years outside the above, adjust your detention stop to avoid losses.
Example graph
Here is an example chart that demonstrates a long -term transmission that follows the strategy:
| Date | High | Bass | Open | Close |
| — | — | — | — | — |
| 2020-01-03 | $ 45.00 | $ 43.50 | $ 44.00 | $ 46.20 |
In this table, the high price of $ 46.20 represents a strong upward trend, indicates the law of $ 43.50.
Conclusion*
Cryptocurrency trade is a high -risk activation that requires careful analysis and RSK management strategies. Litecoin’s volatile primary action is presented for merchants so that merchants make depths when informed decision making. By understanding the key activators of prices and applying these strategies, merchants can increase CRPTOSCornia in CRTICORNCY.
Discharge of responsibility
*
This story of the article is a guarantee of action. Cryptocurrency trade implies significant risks, and it is essential to make yourself-wfor-select any operation. Always establish the stop stages, limited its exposure to high -risk assets and never invests more than the luxury of Los Angeles.
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