DLavrov

Litecoin - How to Trade

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
The price reached the local support zone formed by SMA100 and 75.00 support level . The market can bounce from this zone and move upward. The downtrend line is the target for this upward movement and the price action at this resistance line will show us the further market movements.

If the price can break the downtrend line, it will confirm the continuation of the uptrend. The breakout can be used for buying with close profit target and stop orders below the local swing low.
If the price bounces from this line, we should be ready to see the continuation of the falling. It will be logical as based on the daily time frame the market still has some space for correcting the previous upward movement. The price will have to break SMA200 and 70.00 support level for confirmation the strength of sellers. The target levels for the downward movement should be 61.50 and 50.00 support where the market will be able to give us good buy opportunities.

The best level for buying should be at 50.00 which forms a support zone with SMA100, SMA200 and the main uptrend line.

P.S. If you want to become a professional trader and succeed in the financial markets, you should read these 3 articles:
They will help you to move in the right direction and protect your capital.
I will be grateful if you support my work by your LIKEs.


90% of Traders Lose Their Money! Do You Really Want to Succeed?

The Key Elements to Succeed in The Financial Markets

WHEN CAN YOU START TRADING FOR A LIVING?
Comment: The price bounced from SMA100 and reached the downtrend line. We have a price reversal in this zone which tells us about a possible downward movement. The breakout above the resistance zone formed by SMA50 and the local trend line will confirm the further upward movement.
The Special Crypto Trading Course! FREE for EVERYONE! Watch it here: http://bit.ly/2VS5EpC

GET trial package for Tradunity: copy trading, signals, courses for FREE? Pre-register here: http://bit.ly/2UJJutr
this guy's how to trade = put one arrow going up and put one arrow going down.

/DONE
+3 Reply
DLavrov tearliner
@tearliner, may be you should read the post before leaving the comment with 0 value? Or if you read but did not understand what I tried to explain you - may be it's time for learn the theory? I can help you.
+2 Reply
tearliner DLavrov
@DLavrov, help me out my brotha
Reply
DLavrov tearliner
@tearliner, are you ready to learn?
Reply
LTC is weaker than BCH / BAB today
A Real Trade Call on BCH BAB, which made 25% ROI within 12 hours, sweet profit:
Reply
LTC halving is happening in August 2019. So there will be a good opportunity make a good profit. So we better to wait till for a correction along with BTC movement and but it around $50. Thanks for sharing this post. LTC will be good for next few months.

https://www.coindesk.com/litecoins-halving-is-months-away-but-traders-may-already-be-pricing-it-in
Reply
DLavrov rkothwala
@rkothwala, thanks for the comment! I think it's good market for buying, but it does not look strong as it was in 2017. I mean for long run.
+2 Reply
rkothwala DLavrov
@DLavrov, Yeah. Defiantly not for a long term. Even LTC creator sold his bag during ATH. So i won't keep this coin for a long time. Just to make a profit and move to another one. But i have a hope on BTC and ETH.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out