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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

Download MT4 template file

Trade Setup
#LTCBTC
Total Profit: -2450 pip
Closed trade(s): 0 pip Profit
Open trade(s): -2450 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.00934 based on 'Valley' entry method at 2019.07.17.

Open Profit:
Profit for one trade is 0.00689(current price) - 0.00934(open price) = -245 pip
10 trade(s) still open, therefore total profit for open trade(s) is -245 x 10 = -2450 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateSeptember 16, 2019 - 15:24
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.006100, beginning of uptrend is expected.
  • We make sure when the resistance at 0.012000 breaks.
  • If the support at 0.006100 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI resistance #2 at 50 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.00610 on 09/05/2019, so more gains to resistance(s) 0.00840, 0.00940, 0.01005 and maximum to Major Resistance (0.01200) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 49.

Take Profits:

  1. 0.01005
  2. 0.01100
  3. 0.01200
  4. 0.01390
  5. 0.01520
  6. 0.01730
  7. 0.01890
  8. 0.02015
  9. 0.02380
Click on the level to view price action history.
Symbol Released Current Forecast
Litecoin / Bitcoin (LTCBTC) new Mon, 22 Apr 2024
Litecoin / Bitcoin (LTCBTC) Tue, 2 Apr 2024
Litecoin / Bitcoin (LTCBTC) Mon, 11 Mar 2024
Litecoin / Bitcoin (LTCBTC) Tue, 20 Feb 2024
Litecoin / Bitcoin (LTCBTC) Tue, 30 Jan 2024
History
Daily-Trading-Opportunities on LTCBTC.