June 20, 2025

How much can you earn on trading to a novice investor. Part 91. Trading (continued)

How much can you earn on trading to a novice investor. Part 91. Trading (continued)

We continue the series of publications about trading in order to understand in practice how much you can earnnovice investor using only forecastspublished on our website. To understand how useful they are, we decided to conduct an experiment and simulate a situation in which a person who knows about trading only what you need to “buy cheaper and sell more expensive”, tries to get additional income in his spare time by investing part of his money in cryptocurrency trading

На прошлой неделе снижение цены Litecoin continued. The pair easily broke through the support of 61.8% fibo (51.38 USDT). The 50% fibo level (45.82 USDT) also failed to resist the onslaught of bears. At the beginning of this week, the LTC price set the November low at 42.04 USDT, and only after that we saw good volumes of purchases, which restored the market to the 50% fibonacci level. 

How much can you earn on trading to a novice investor. Part 91. Trading (continued)

Judging by today's forecastsForkNews continuation of recovery from the 50% fib level (45.82 USDT) – unlikely. Most likely, sellers will push through this support level and roll back the price to the area around 43.00 USDT. 

Will buyers be able to stop the pullback in thisarea and start buying in large quantities, like on Monday – It's not clear yet. If the bears continue to dominate the market, then a rollback is possible towards the support of 38.2% fib (40.26 USDT). However, we may not see such a deep decline, so we should consider buying around 43.00 USDT if there is a signal for the pair to recover. 

Recovery can be expected in the area of ​​61.8% Fibo (51.38 USDT). In the meantime, we still remain outside the market and observe its decline.