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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup
#LTCBTC
Total Profit: 297 pip
Closed trade(s): 63 pip Profit
Open trade(s): 234 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 0.00506 based on 'Valley' entry method at 2020.07.25.

Closed Profit:
TP1 @ 0.00530 touched at 2020.08.02 with 24 pip Profit.
TP2 @ 0.00545 touched at 2020.08.17 with 39 pip Profit.
24 + 39 = 63 pip

Open Profit:
Profit for one trade is 0.00532(current price) - 0.00506(open price) = 26 pip
9 trade(s) still open, therefore total profit for open trade(s) is 26 x 9 = 234 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.

DateAugust 24, 2020 - 16:42
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.003000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.005450 breaks.
  • If the support at 0.003000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 42 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 0.00502 on 08/23/2020, so more gains maximum to Major Resistance (0.00545) 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 59.

Take Profits:

  1. 0.00530
  2. 0.00545
  3. 0.00580
  4. 0.00640
  5. 0.00685
  6. 0.00805
  7. 0.00925
  8. 0.01225
  9. 0.01470
  10. 0.01710
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