Save Limewire Files On External Drive Storing My Music But Keeping It On Itunes?

Storing my music but keeping it on itunes? - save limewire files on external drive

I have an iPod, iTunes, LimeWire, laptop (with too little memory, that is) the question, and an external hard drive. I know that I record songs on my external hard drive, but there is a possibility that the songs that I limewire preserved for iTunes and iPod, moving files from my computer to my external hard drive and still be able to tell iTunes how I would be if the songs are still on my computer (obviously connected with the drive) is used to slow down but without them, using all the memory and