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.

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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.

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this guy's how to trade = put one arrow going up and put one arrow going down.

+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
DLavrov tearliner
@tearliner, are you ready to learn?
@DLavrov, This guy just left a very nasty comment on one of our threads today so we reported him - not even worth replying to about your work - which is excellent by the way.
DLavrov london55555
@london55555, I also know such guys who like to post useless comments without any arguments. It's the part of this community.
Thank you!
LTC is weaker than BCH / BAB today
A Real Trade Call on BCH BAB, which made 25% ROI within 12 hours, sweet profit:
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.

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.
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