Looking for Candle Modes in Litecoin (LTC) Evaluation

Cryptocurrests has been a high and volatile activity class in recent years, many investors who have sought to utilize growth potential. These cryptocurrencies include Litecoin (LTC), cryptocurrency with an open source, a peer -to -peer network that has gained popularity among merchants and investors. In this article, we investigate the use of candlestick models to assess Litecoin’s performance and make expert trade decisions.

What are the candlesticks?

Candlesticks are a technical analysis and encryption analysis used in the stock market to identify potential trends or translation of price changes. These models consist of a series of vertical lines that represent high, low, open and close prices for each day of trading. By identifying certain candlelife models, merchants can get information about the trend and power of the trend.

Litecoin (LTC) candle patterns

Litecoin has occurred in recent years, with the price of cryptocurrency ranging from $ 40 to more than $ 300 per currency. To evaluate LTC performance with candlefoot models, we focus on four key models:

• Hammer model

• Reverse hammer model

• Model of Photography

• Head model and reverse shoulders (IHS)

Hammer pattern: bear detector

The Hammer model consists of a lower lower level followed by a small top. This model is considered a rising indicator because it suggests that the price has turned the trend, which indicates a possible rise in prices.

Applying the Hammer pattern to the Litecoin chart:

• Identify the new low level of the chart.

• Draw the lower lower level below the low level.

• If the next candle closes above this low new level, the model will be reinforced.

Reverse hammer pattern: Bear indicator

The reverse hammer model is similar to the traditional hammer model, but has the opposite direction. It consists of two small short maximums followed by a lower lower level. This model is considered ugly because it suggests that the price has turned the trend, which indicates a possible decrease in prices.

Applying the reverse hammer pattern to the Litecoin chart:

• Identify two new low points in the chart.

• Draw a higher level above the previous low level.

• If the next candle closes below this high level, the model will be reinforced.

** Star model

The model of shooting residues consists of three lower minimums followed by a high supervisor. This model is considered ugly because it suggests that the price has turned the trend, which indicates a possible decrease in prices.

Applying the Tir Star model to the Litecoin chart:

• Identify three new low points in the chart.

• Draw over the previous area from 10 to 20 low points after each smaller bill.

• If the next candle closes under this high upper, the model strengthens the bear.

Head and shoulders reverse pattern (IHS): Bear indicator

The IHS model consists of a higher maximum value followed by a low level. This model is considered ugly because it suggests that the price has turned the trend, which indicates a possible decrease in prices.

Applying the IHS model to Litecoin chart:

• Identify the new lower level of the chart.

• Draw higher than this 10-20 candle spacing shallow point after each front high.

• If the next candle closes below this higher level, the bear confirms the model.

conclusion

Cryptic currencies, such as Litecoin, are exposed to significant price fluctuations, and understanding candlestick models can help merchants and investors to make information.

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