Litecoin Crypto Trading System

The Litecoin trading system is a powerful trend following crypto system that allows you to buy low and sell high for good profit.

  • It uses a few simple to understand crypto trading indicators to accomplish this.
  • All indicators work in agreement to buy and sell at the best possible prices.

Feel free to experiment with other cryptocurrencies as well.

This crypto system should work on Bitcoin, currency pairs and any altcoin of your preference.

Trade Setup 

MT4 Indicators: pz-lopeztrend-indicator.ex4 (Colors Width Modified; #0=3, #1=3), 36 period Moving Average.ex4 (Parameters Modified; Period=36, Style= Medium Blue), pfe-indicator.ex4 (Inputs Variable Modified; PfePeriod=24)

Suitable for: Scalping, day trading, swing trading, investing

Trading Time: 24/7, Around the Clock

Cryptocurrency: Any (Bitcoin and Altcoins)

Timeframes: Any

Download

Download The Litecoin Trading system

Buy Trade Example: LTC/USD (Litecoin / US Dollar), H1 Chart

Fig. 1.0

Strategy Rules

Buy Signal

Open a buy trade if the following trading conditions appear on the crypto chart:

  • If the blue 36 SMA Metatrader 4 indicator line crosses below the dual colored pz-lopeztrend-indicator custom indicator line as shown on Fig. 1.0, Litecoin price is said to be pushed higher, thus a signal to go long on selected digital currency.
  • If the dodger blue line of the pfe-indicator breaks and hovers above the zero horizontal level as depicted on Fig. 1.0, the general market sentiment is said to be bullish, as such a trigger to go long is apt.

Suggested Stop Loss for Buy Trade: Place stop loss below support.

Suggested Exit Strategy/Take Profit for Buy Trade

Exit the buy trade if the following trading conditions appear on the chart:

  • If the blue 36 SMA indicator line intersects the tomato colored line segment of the pz-lopeztrend-indicator line while a bullish trend is ongoing, bulls power is said to be weaning i.e. a signal to exit or take profit forthwith.
  • If the dodger blue line of the pfe-indicator dips below the zero horizontal level while a bullish trend is running (see Fig. 1.0), a bearish reversal is said to be looming, therefore an exit or take profit stance is advised.

Sell Signal

Open a sell trade if the following trading conditions appear on the crypto chart:

  • If the blue 36 SMA indicator line crosses above the dual colored pz-lopeztrend-indicator line as illustrated on Fig. 1.1, Litecoin is said to be dragged lower, thus an alert to sell the stipulated cryptocurrency.
  • If the dodger blue line of the pfe-indicator dips and hovers below the zero horizontal level as exemplified on Fig. 1.1, the overall market sentiment is said to be bearish, as such a sell will do.

Suggested Stop Loss for Sell Trade: Place stop loss above resistance.

Suggested Exit Strategy/Take Profit for Sell Trade

Exit the sell trade if the following trading conditions appear on the chart:

  • If the blue 36 SMA indicator line intersects the deep sky blue colored line segment of the pz-lopeztrend-indicator line during a bearish trend, bears power is said to be diminishing i.e. an alert to exit or take profit at once.
  • If the dodger blue line of the pfe-indicator surges above the zero horizontal level while a bearish trend is ongoing (refer to Fig. 1.1), a bullish reversal is said to be on the horizon, therefore an exit or take profit stance is recommended.

Sell Trade Example: LTC/USD (Litecoin / US Dollar), H1 Chart

Fig. 1.1

Free Download

Download the Litecoin Trading System

About The Cryptocurrency Technical Indicators Used

The pz-lopeztrend-indicator is deployed to track trends on crypto charts using its dual colored line that’s flagged by dotted price bands, which sits above and below the dual colored line.

The 36 SMA (Simple Moving Average) is a technical analysis indicator that smoothens out digital currency price data by constantly creating an updated average price.

The pfe-indicator is a currency trading indicator that defines price efficiency over a specified time period.

Easy Installation

Start using this cryptocurrency system in just 5 minutes. Click here to get started now.

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