Litecoin (LTC) price strategies
Litecoin (LTC) is a popular and widely used cryptocurrency that caused a significant cryptographic market. As altcoin with medium capitalization, it is necessary to understand how to use the price strategy for effective LTC trade. In this article,
Understanding the price of the price
Cryptocurrency market. These designs can be used for
key concepts
Before immersing the price strategies for LTC, let’s discuss some key concepts:
* Trend : Price movement in time.
* range : The difference between high and low prices in one candlestick.
* Pattern : Repeated pricing movement pattern that can be used to predict future movements.
* Breakout : price level at which the market breaks above or below, often indicating a strong trend.
price strategies for Litecoin
Here are some effective price strategies in the field of LTC trade:
- Trend after
* Identify the basic trend in the LTC chart (up or down).
* Use a stochastic oscillator to confirm the direction of the trend.
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* Sell long items when the price breaks below Bollinger Band.
- Medium movable crossover
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* Enter long positions when MA1 crosses over MA2.
* Sell long positions when MA1 goes below MA2.
- Relative force indicator (RSI) Crossover
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* Enter long positions when the RSI exceeds 70 and the price increases up.
* RSI is below 30 and the price flows down.
- Bollinger Bands (BB) Breakout
* Use BB to identify potential levels of breakthrough.
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* Sell short items when the price breaks below Bollinger Band.
- Parabolic SAR (STOP-ANSEST)
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additional tips
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- Risk management : Never risk more than 25% of commercial capital on any single trade.
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- Market conditions : Always consider market conditions before entering trade, such as economic indicators and information events.
Application
Strategies can be an effective way of effective Litecoin trade (LTC). Understanding key concepts such as trends, range, pattern and breakthrough, traders can use visual patterns to identify testable trade capabilities. Remember to carefully analyze the chart, set the appropriate risk management parameters and consider market conditions before entering trade. Strategies on this exciting cryptocurrency market.