readCrypto

Lite Coin (LTC) - June 24

BITFINEX:LTCUSD   Litecoin
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(LTCUSD 1W Chart)
We need to see if we can continue the upward trend by rising more than 164.500 points.

If it falls from 93.716-122.700, there is a possibility of entering the mid- to long-term investment area, so careful trading is needed.


(1D Chart)
We have to wait and see if we can get support from section 119.462-149.307.

In order to shift to the upward trend, at least 149.307 points must be raised and supported.

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(LTCBTC 1W Chart)
If it rises above 0.008100, it is expected to create a new wave.

We need to see if it rises above 0.005486 to escape from the floor section.


(1D Chart)
Support at 0.003633 and see if it can rise above 0.004187.

In order to shift to the upward trend, at least 0.004187 points must be raised and supported.

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It's better to make a deal that matches your average unit price.
This is because if the price is below the average unit price, which has been on the rise and falling trend, there is a high possibility that the psychological burden will not make a big profit.

The center of all transactions starts with the average unit price at which you start trading.
If you ignore this, you can proceed with the transaction in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and control the portion of the investment, ultimately allowing the funds to generate revenue on their own.

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** All indicators are posterior indicators.
Therefore, you should be aware that the indicators move according to the price and volume of transactions.
I'm just talking upside down for an interpretation of the indicators for convenience.
** The wRSI_SR indicator is an indicator created by adding settings and options from an existing Stochastic RSI indicator.
Therefore, the analysis is the same as the existing Stochastic RSI indicator. (K, D wires -> R, S wires)
** The OBV indicator was re-created by applying the expression DepthHouse Tracking, which is an indicator released by oh92. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee gains or losses on investment.

Abbreviation description shown in chart
R: A point or section of resistance that requires a response to preserve revenue.
S-L : Stop Loss Point or Section
S: Points or intervals that can be purchased to generate revenue from support points or intervals

(Short-term Stop Loss is a point where a split transaction can preserve gains or losses or further entry. It's a short-term investment perspective.)

GAP refers to the difference in prices that occurred when closed because the stock market, CME, and BAKT exchanges do not trade 24 hours a day.
G1: Closing price when closed.
G2: Poetry at the opening.
(e.g.) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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