Action Strategy Litecoin (LTC) Trading Price
Litecoin (LTC) is a popular and widely used cryptocurrency currency, which has paid great attention to the cryptocurrency market. As an altcoin on medium drops, it is very important to understand how to successfully use price price strategies successfully LTC trading. In this article, we will examine some effective methods of Litecoin trading prices.
Action price understanding
The act of price means visual patterns and trends resulting from the price movement in the cryptocurrency market. These models can be used to make reasonable trading decisions, to provide future price changes and to set possible input and output points.
Basic Conditions
Before we dive into LTC price strategies, we take a look at some of the key concepts:
* Trend
: Price movement direction over time.
* Range : The difference between high and low prices in one candlestick.
* Example : Repeated price setting model that can be used to anticipate future prices.
* Breaking : The price level that causes the market to break or below often indicates a strong trend.
Action strategy Litecoin Price
Here are some effective TRDING LTC price strategies:
- Trend follows
* Specify the original LTC chart trend (up or down).
* Use a stochastic generator to confirm trend direction.
* Enter long positions when RSI is more than 70 and Bollinger strips are tense.
* Sell long positions when the price is damaged under the lower bollinger gang.
- Average mobile crossover
* Use two sliding averages (MA1 and MA2) with different time spaces to determine examples of crossing.
* Enter long positions when MA1 exceeds MA2.
* Sell long positions when MA1 YELP under MA2.
- Relative Strength Index (RSI) Crossover
* Use RSI to evaluate LTC price movement power.
* Enter long positions when RSI is more than 70 while the price moves up.
* Sell long positions when RSI is less than 30 and the price decreases.
- BONS BOLLINGER (BB) breakdown
* Use BB to recognize a possible piercing level.
* Enter long positions when the price is damaged above the upper bollinger belt or below.
* Sell short positions when the price breaks under the lower bollinger gang.
- Parabolic SAR (stop and focalist)
* Use a parabolic SAR to stop level and loss and profit, depending on the shape of the chart.
* Enter long positions when the price is above the parable and sells short positions when the price is lower.
Additional tips
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- Patience : Action strategy LTC price requires patience as you will need a few candlesticks to confirm the trend.
- Market Terms : Always consider market conditions such as economic indicators and news before entering the store.
Conclusion
The cost of action strategies can be effective in the Litecoin (LTC) store method. Understanding basic concepts such as trends, range, example and piercing, traders can use visual patterns to recognize profitable trading capabilities. Remember to thoroughly analyze the chart, set the appropriate risk management parameters and consider market conditions before entering the store. With practice and patience, you will become an experienced LTC price strategy and increase your chances of success in this exciting cryptocurrency market.