![image.png](https://cdn.steemitimages.com/DQmYGEarCDcWR1aZEyVAbPz8YqWx3KH2V5LDxEgYquaVCTV/image.png) [Source](https://pixabay.com/es/photos/difuminar-gr%C3%A1fico-equipo-de-datos-1853262/)

Introduction

Before making a small and large investment in cryptocurrencies, we must investigate about the bull and bear markets that we face, because of this we will know in advance the range of a possible entry and exit from the game, we must pay great attention to know the market well. the currency, its history in it, investigate the possible new projects that the currency has and most importantly, we must pay close attention to the official news about the investment of that currency, we must pay attention to what news to believe since there are many false news for destabilize the market and make you think otherwise, I have read your lecture and I loved how understandable you made your topic, I congratulate you.

What Is Price Forecasting?

![image.png](https://cdn.steemitimages.com/DQmdh2RewqmGSFB4tcJG5HHMspDuBvPGDNVs4rNYAY77w4q/image.png) [Source]( https://metamask.io)

Predicting the value of a currency is extremely difficult, even having many variants in our favor, the market can play a very different and unforeseen play on us. The price forecast is to know a range that a currency will have in a certain time, this allows us to be attentive to a situation similar to our anticipation and to be able to buy or sell an asset, the markets are divided between bullish and bearish, that is why we must know through a Previous research in which market we are, we can make the price forecast through statistical methods that allows us to have a notion of the possible future of a currency.

Discuss on why Price Forecasting is needed?

It is essential to know what we are facing when we invest in a market that is variable, at any time it can fall and at any time it can rise, so it is extremely important to apply the correct method to be benefited by our entry and exit at any given time Since the fraction of our money invested in that currency depends on it, let us remember that it is not advisable to invest everything in a single currency, we must make multiple investments and we must apply methods to forecast its future values and see benefits on that.

What Methods are best you feel for Price Prediction/Forecasting.

There are 3 methods that are very important to know or take into account for the price forecast of a currency, these methods are used by people manually and also by platforms that use it at the computer level that generate it automatically, so they know when to buy and When selling, people who perform methods manually have to be governed by the market that occurs in the currency diagrams. The 3 methods that are used are below.

Technical analysis.

To carry out this analysis we must have a little basic knowledge about candlestick diagrams and their components, this type of analysis is analyzed through a candlestick diagram that each Exchange has, we must go to the diagram and see what we are dealing with, know the differences. of support, entry and exit of whales, these whales can buy or sell, we must carry out a very detailed follow-up about the currency to be invested, this analysis is only performed technically by means of a diagram.

Fundamental analysis.

It is related based on the constitution of a platform in relation to the market, the implements that it is based to enter the market, to invest through technical analysis we must pay attention directly to companies that will make an investment in the future or wish to withdraw an investment In a currency that we have invested or want to invest, I can say that these implements are the mechanisms that the platforms perform in the internal environment of it.

Sentimental analysis.

This analysis means the use of the domain of the internet and the media that various platforms implement to make believe a true or false information at their convenience, remember that the platforms always work to win and their large amounts of money are at stake and Through that they will implement many market strategies so that their objective is conceived. We must be very careful in which news to believe, I recommend reading and being Attentive to official news and not believing any news that appears on a social network.

Take any Crypto Asset Chart graph and explain how to do Price Forecasting? OR Take any Crypto Assets Chart graph & as per its current price tell us what will be its future price for next 1 week or 1 month? You can predict for any direction up or down but explain it properly on what basis you have predicted the price.

Today I will demonstrate through technical analysis on the binance platform, the inclination and the possible price prediction of litecoin (LTC).

We can see at its base a slight resistance to go up continuously until today, today it is still in its bullish range

![image.png](https://cdn.steemitimages.com/DQmQeWghweAkihCEs93xADu1Rv754iBeGZjp8qddVnaZVe7/image.png) [Source](https://www.binance.com/es/trade/LTC_USDT?type=spot)

These red circles reflect the fight between supply and demand exercised by the LTC, here we can know where there are platforms that buy and others that sell. So we can know the bullish and bearish resistances that exist, if we want to invest we must do it between the lowest level of the two parallel lines.

![image.png](https://cdn.steemitimages.com/DQmXhiHnDtD7ZspxBEZZY6iq6ZHcoWoaaFBQQsSZmwDf7Ye/image.png) [Source](https://www.binance.com/es/trade/LTC_USDT?type=spot)

Analyzing the LTC, through technical analysis we can see that it is at its lowest point of resistance, which means that if it breaks this resistance downwards it can reach approximately $ 200 which is where the other buy resistances are, and If it were to go up, it could reach $ 275, which is where the sell orders are found.

![image.png](https://cdn.steemitimages.com/DQmRbphGNXajhMRkcGAJN31yN1JVdMCH6pxnNs31yp4sR4E/image.png) [Source](https://www.binance.com/es/trade/LTC_USDT?type=spot)

Conclusión

I recommend the use of such price forecasting tools as they help us to study a currency that we want to invest and we know a little more about its price variation in the market, it is common to take forecasts about the value of an asset before investing in him, and not later, since we must carry out not only the fundamental analysis but we must apply the 3 analyzes for a correct investment and thus be more calm when investing.

CC @stream4u @steemcurator01 @steemcurator02 @steemitblog