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Lite Coin (LTC) – May 3 for BITFINEX:LTCUSD by readCrypto

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( LTCUSD 1M chart)

(1W chart)

(1D chart)
It remains to be seen if it can rise along the uptrend line and rise to the 275.766-288.058 section.

If it falls, you need to make sure you get support at 252.430.

If you fall from the 252.430 point, you need a short stop loss.

However, you need to trade carefully as you can touch the 214.306-226.598 range and go up.

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( LTCBTC 1W chart)

It remains to be seen if it can rise above the 5788 Satoshi point and break off the downtrend line.

(1D chart)

4675 Satoshi-4870 Satoshi should be watched for any movement that deviates from the section.

If there is a movement above the downtrend line, it is expected to continue the uptrend.

If you fall from the 4492 Satoshi branch, you can touch the 3681 Satoshi branch, so you need a Stop Loss to preserve profit and loss.

However, you need to trade carefully as you can touch and climb the 4145 Satoshi-4292 Satoshi section.

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It is advisable to trade at your average unit price.

This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.

The center of every trade starts with the average unit price you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.

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** 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 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)

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