Screenshot from IQoption.com Timeframe 1Minute Litecoin
R1-R3 = Resistance lines
S1-S3 = Support lines
Graph analysis
How you all can see now is a trend in price channel. So you could better wait till the price goes through R2 or S1. Also if you are swing trader now is price between R3 and S3. And I think the price will go through the S3 line. Now how to make money on Litecoin.
Short position
You could go into short positioning if the price goes through one of support lines.
Long position
You could go into long positioning if price go through one of resistance lines.
Summary
When you could take profit? You could take profit if there will be another support or resistance depends on in which position you are in!
You don't know how to start trading?
If you look down below there is Advertise for one of best brokers IQoption where you can make a trade with bitcoin and also with forex and everything so why don't you try?
I'm Warning you !!
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
If you look down below there is Advertise for one of best brokers IQoption where you can make a trade with bitcoin and also with forex and everything so why don't you try?
I'm Warning you !!
I'm not responsible for your money loses !! I'm here just for make estimates ! The trade depends on you You can just inspire from me !! But if you lose money I will not give you money back and no one will! Stocks exchange is very hazardous have that in mind ! I'm not guarantees accuracy of any content and hence using information on this website is solely your responsibility. The article is only for an informational character(nature) and should not be take(taken) as investment advice for the purchase or sale of stocks(shares) or other instruments. The reader agrees that the purchase or sale of stocks(shares) and other instruments based on the content of this article is at his own risk and liability.
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
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