3 Simple Profitable LITECOIN Strategies | Crypto

Welcome to our video on Litecoin trading strategies! In this video, we'll be sharing three powerful swing trading strategies that have been backtested and proven to be successful.

Before we dive into the strategies, let's briefly discuss Litecoin. It's a decentralized cryptocurrency that was inspired by Bitcoin and launched in 2011. It's used for peer-to-peer transactions and has gained popularity over the years.

Now, let's move on to the trading strategies. The first strategy is a short-term trend following strategy that has outperformed buy and hold by a wide margin. The rules are simple: buy when the close breaks above the 20-day simple moving average and sell when the close breaks below it. This strategy has resulted in an annual return of 114%, compared to buy and hold's 40%.

The second strategy is a long-term trend following strategy. It involves constructing two simple moving averages, a short average of 100 days and a long average of 250 days. Buy when the short moving average crosses above the long moving average and sell when the short moving average closes below it. This strategy has resulted in an annual return of 66%, slightly more than buy and hold.

The third strategy is a momentum strategy that has also fared well. Buy when the close is higher than the close 25 days ago and sell when the close is lower than the close 25 days ago. This strategy has resulted in an annual return of 70%.

We hope you found these Litecoin trading strategies helpful! If you're interested in more strategies for various asset classes, be sure to visit our website. Don't forget to like and subscribe for more trading tips and strategies. Good luck trading!

#LitecoinTrading #litecoin #altcoin # trading #CryptoTrading #TradingStrategies #SwingTrading #TechnicalAnalysis #Cryptocurrency #Investing #Finance #Money #ProfitableTrading

You can read more about it here:
https://www.quantifiedstrategies.com/litecoin-trading-strategy

TWITTER
https://bit.ly/Twitter_QS

INSTAGRAM
https://bit.ly/Instagram_QS

NEWSLETTER - QUANTIFIED STRATEGIES
30 000+ Traders read our free newsletter about trading strategies.
Sign up: https://bit.ly/substack_QS