Litecoin Price Charts | What is a price chart in trading?
A price chart is a graphical representation of theof an for and decision-making support.
The most common type of chart used in trading is the. Other types of charts include:
all of them can be used as Litecoin Price Charts. But while they are all based on the same information theprovides, the way information is presented to the is different.
A chart with candlesticks, for example, will provide you with more information than a simple line chart. Which chart you use depends on your preferences and theyou use.
You can see in the image above that the line chart on the left is a very simple way of showing price movement. The Japanese candlestick chart on the right shows more information: each candle shows the open, high, low and close prices () for the period.
Most traders use candlestick charts, as they provide a multitude of information and give a good picture of what is going on. Manyin are based on the information the candles represent.
Charts can be displayed in different, comprising the data of a certain period of time. This is especially important for candlestick and other OHLC charts, as the potentially very volatile action inside of periods of time is partly hidden on a longer time frame.