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LTCBTC

LTC / BTC Positional trading in the channel. Working on a coinI made an addition to the previous trading idea of ​​working / learning on this instrument as the price broke through the support of the inner channel and the downtrend developed. Entry # 2 into a short position after breaking the support of the inner channel was confirmed. Trading with the trend. I have shown potential reversal areas in an existing trend on the chart. The ideal long entry point would be a breakout or pullback after a downtrend line breakout. Please note that there is 1 month on the chart. The reversal will be more clearly visible on the weekly timeframe. I have shown a monthly chart so that it contains the entire trading history and shows the essence of the work. ______________________________ I chose the LTC / BTC pair as an example for positional trading. This coin works perfectly technically. To Bitcoin , the coin is held in a horizontal channel from the very beginning of trading. I think you understand that this is not an accident. In the crypto market of several thousand scam coins there are several such technical highly liquid reliable coins. Litecoin is one of them. It is the impressive profit for those who work in large sums. The ideal ratio of profit and risk. Clear trade. It is easy to predict further price movements. Positional trading is suitable for those who have already traded an impressive depot and are already tired of staring at the monitor and burning their time, spoiling their eyesight. For those who no longer get high from the excitement of management and so on. Because a large depot can in most cases be dispersed only by such methods. A person must have iron patience and an understanding of the market cycles. Because profits need to wait a long time. As you can see from the graph, for example, only one trend can last up to a year. Positional trading is the work on the trend on a long-term basis, on charts covering a large time scale. For its implementation, fundamental and technical analysis is often used. Position trading is suitable for all types of markets: cryptocurrencies, stocks, goods, Forex. In other words, position trading refers to a relatively long-term holding of a position in the direction of a global trend. Thus, position trading is an independent style, significantly different from others. Market participants can use this approach to hold short-term and long-term positions. Maintaining a position in the trend, and not work on small weekly fluctuations. This is the main difference from swing, which involves working on the basis of market cycles of several days. In positional trading, you can hold a trade for months or even a year or more (Dow Jones index), it all depends on the trend. Coins for positional trading are selected very carefully, they must be reliable, be closer to TOP or be this top as an example of Litecoin. There should be a real development of the project in the long term, with a strong team that really does something, and not only has a promise legend. It is very important that the coin you choose for positional trading be highly liquid. You can work (or rather need) as in long and short. In any direction the price you earn. If you are not working in short, then most of the position is HOLD on a WALLET! In such a trade where transactions are conducted 1-2 times a year, it makes no sense to risk a huge amount and keep coins on the exchange. Even if you are doing risk diversification through several liquid exchanges. Only the large time frame is important, we do not pay attention to small price fluctuations. The purchase / sale of an asset is made only upon confirmation of a change in trend. No hai and loy! Minimum prices and maximums will be left for hamsters. ______________________________ Position Trading Rules: 1) A signal to enter a position is the beginning of a trend on a large timeframe (with a timeframe of 1 day or 1 week). 2) Exit from the transaction is carried out only if there are sufficient grounds for the end of the trend (trend change). 3) No lows and highs of the price when trading! Let's leave this occupation to stupid hamsters! ______________________________ The advantages of positional trading. 1) Does not take into account small price changes, that is, does not require constant monitoring of the situation. 2) There is no need to be near the computer all the time. In positional strategy, the most important thing is a deep and thorough analysis, on the basis of which a further decision is made. 3) An open position simply needs to be monitored if there is a situation that can change the position or price. Positional trading strategy is an analysis of daily, weekly and monthly timeframes; holding an open position for at least a few days to several months. In simple terms, positional trading is a meaningful and balanced entry into a transaction based on holding a position in a trend. _______________________________ The disadvantages of positional trading. 1) a long expectation of results that can actually be measured only after months or years; 2) high responsibility for each forecast and analysis, since it can take many days and weeks to hold the wrong position; 3) slow progress in trading (holding positions is good if the trader already has experience, but you won’t be able to gain it quickly by opening deals once a year); 4) the need for significant investment (you can get a tangible income from position trading only if you have a decent amount of money in the account). As a result, holding a position in certain cases is a significant advantage for an experienced trader, but fatal for beginner speculators.
Education
by SpartaBTC
6
Lite Coin (LTC) - March 27Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a nice day. -------------------------------------------------- ----- We need to see if we can get support at 182.0 and move up along the uptrend line. We must see if we can ascend to the 203.72-214.94 section. --------------------------------------- (LTCBTC 1D chart) We have to see if we can quickly ascend to the 0.003410-0.003681 range. If it falls, you can touch the 0.002870 point, so you need to trade carefully. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto
1
Longing for Sats #2 - LTC/BTCBitcoin is king - so does that make Litecoin the 'prince of shitcoins'? One could argue Ethereum, but ETH is not from the same bloodline. Anyways...LTC/BTC chart looks so bad that it actually looks great. I'm betting on alts to outperform the king at some point this year, and if we have anything remotely close to last alt season then Litecoin will again attempt to steal the spotlight of his big brother, all while gaining the attention/hope from peasants (noobs).
Long
by ju7urna
1
LTCBTC downward wedge ending soonI have been writing a bit about the long term downward trend (orange line) which has some good potential to last a while (potentially into the summer) if it continues to hold, but the short term wedge (red line and green line) looks like it will culminate within the week. Once again LTC is near the bottom of this downward wedge, so it should be interesting to both see what direction it breaks as well as what effects that might have on both BTC and LTC. With BTC trending near the bottom of its current upward channel and LTC now breaking out downward out of a wedge, it makes me wonder if this might mean that BTC will trend downward and LTC will either not follow or follow drastically, or will BTC trend upward and LTC will follow more drastically? Either way, it should be an entertaining week for the pair.
Long
by crypto_trends
1
Lite Coin (LTC) - March 21Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- We have to see if we can ascend above 200.59 points. If it falls, you can touch below the 182.0 point, so you need a short Stop Loss. However, it may rise along the downtrend line, so you need to trade carefully. It is necessary to increase the trading volume. On the wRSI_SR indicator, it remains to be seen if the RS line rises by more than 20 and can turn into a short-term upward trend. If the CCI line falls from 100 on the CCI-RC indicator, volatility may occur, so careful trading is necessary. ----------------------------------------- (LTCBTC 1D chart) You should watch for any movement that deviates from the 0.003410-0.003681 segment. If you fall from the 0.003410 point, you can touch the 0.002870 point, so you need to trade carefully. If it rises above the 0.003681 point and gains support, it is expected that an attempt will be made to break the downtrend line. However, it should be observed that the current trend moves sideways in the 0.003410-0.003681 section. (1W chart) -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator published 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 explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto
2
LTC - think twice before sellingI know LTC seems slow compared to other DEFI and even majors that performed better up until now in the bullrun. But you gotta realise that LTC is the 2nd coin invented and the FIRST altcoin in the market. It was literally created to have 10 times more supply than BTC (210M coins max) and it was intended to be the current spending crypto while BTC is the real store of value (not to spend). Anyways, on the TA side, if you go back on LTC chart you will notice that LTC is often late to the bullrun party but it always catch up BTC on the upside (%) move. On this chart, we can see that LTC is heading between 2400$ and 3000$ by EOY.
BITFINEX:LTCUSDLong
by The_Father_of_Crypto
7
LTC Tests Bouncing Support Against BTCLTC is once again testing its support against BTC for the trend line that it has been bouncing off of since November (red line). So far each time it has come near this trend, a significant breakout has occurred for either Litecoin and/or Bitcoin (although sometimes it has been short-lived). There is of course the possibility that the trend line finally breaks and LTC loses the race and heads into a downward channel, but I suppose it is soon time once again to see if the fifth time is the charm for that bounce (or seventh time considering how close you consider the bounce), particularly as it is also once again approaching a wedge (against the green line) indicating a likely move one way or another in the next few days.
Long
by crypto_trends
8