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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

Download MT4 template file

Trade Setup
#LTCBTC
Total Profit: -882 pip
Closed trade(s): 63 pip Profit
Open trade(s): -945 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 0.00401(current price) - 0.00506(open price) = -105 pip
9 trade(s) still open, therefore total profit for open trade(s) is -105 x 9 = -945 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.
DateNovember 1, 2020 - 20:20
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 downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.00460 on 10/25/2020, so more losses to support(s) 0.00400, 0.00360 and minimum to Major Support (0.00300) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 40.

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) 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.