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Litecoin (LTC) – December 3 for BITFINEX:LTCUSD by readCrypto

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( LTCUSD 1W Chart) – Mid-Long-Term Perspective

93.716-118.5 or more: Expected to create a new wave.

(1D chart)

First resistance zone: near 300.270 point

Second resistance section: 367.856-390.385

First support section: near point 165.098

Second support section: 97.512-120.641

You need to check if you can climb to the section 210.155-232.684.

If it goes down, you should check to see if it finds support at the 177.410-188.200 zone.

The 210.155-232.684 section is an important section that determines the trend, so if it rises in this section, the uptrend is expected to continue.

However, in order to accelerate the upward trend, it must rise above the 252.430-261.990 section.

If it declines in the second support zone , it is possible to enter the mid- to long-term investment zone, so careful trading is required.

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( LTCBTC 1W chart)

Above the 0.005486 point: Expect an uptrend reversal

Above 0.008100 point: Expected to create a new wave.

A breakout of all downtrend lines is expected to result in an uptrend.

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We recommend that you trade with your average unit price.

This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which 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, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .

However, for convenience, we are talking in reverse for the interpretation of the indicator.

** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.

(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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