it has. Litecoin provides a secure and easy way for merchants to accept money as there are no fees to receive payments. Moving forward, were going to highlight a very easy scalping strategy that will help you pull consistent profits trading litecoin. Otherwise, a break below will invalidate our market view, and we better be out of the market than fighting a losing trade. The first rule of the Litecoin strategy is to wait until the OBV indicator enters into a prolonged period of consolidation.
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The OBV is a momentum indicator, making it a leading indicator! When the litecoin price breaks and closes below the 20-day Moving average, thats the most appropriate moment we want to take profits. In the figure below, you can see an actual sell trade example. Note* the above was an example of a BUY trade using the cryptocurrency work from home online survey jobs trading strategy. In other words, volume precedes price! For this article, were going to look at the buy side. Scalping the cryptocurrency market for consistent profits with our. Last but not least, we also need to define a take profit level for our scalping strategy which brings us to the last step of our Litecoin trading strategy.