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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup
#LTCBTC
Total Profit: -350 pip
Closed trade(s): 0 pip Profit
Open trade(s): -350 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.0093 based on 'Valley' entry method at 2019.07.17.

Open Profit:
Profit for one trade is 0.0058(current price) - 0.0093(open price) = -35 pip
10 trade(s) still open, therefore total profit for open trade(s) is -35 x 10 = -350 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.

DateDecember 30, 2019 - 14:12
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.005300, beginning of uptrend is expected.
  • We make sure when the resistance at 0.011000 breaks.
  • If the support at 0.005300 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.0061 on 2019-09-05 and the trough at 0.00595 on 2019-10-26, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.00545 on 12/25/2019, so more gains to resistance(s) 0.00685, 0.00840, 0.00940 and maximum to Major Resistance (0.01100) 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) Mon, 11 Mar 2024
Litecoin / Bitcoin (LTCBTC) Tue, 20 Feb 2024
Litecoin / Bitcoin (LTCBTC) Tue, 30 Jan 2024
Litecoin / Bitcoin (LTCBTC) Tue, 30 Jan 2024
Litecoin / Bitcoin (LTCBTC) Wed, 10 Jan 2024