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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup
#LTCBTC
Total Profit: -531 pip (-104%)
Closed trade(s): 63 pip Profit (13%)
Open trade(s): -594 pip Profit (-117%)

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 (5%).
TP2 @ 0.00545 touched at 2020.08.17 with 39 pip Profit (8%).
24 (5%) + 39 (8%) = 63 pip (13%)

Open Profit:
Profit for one trade is 0.00440(current price) - 0.00506(open price) = -66 pip (-13%)
9 trade(s) still open, therefore total profit for open trade(s) is -66 (-13%) x 9 = -594 pip (-117%)

#LTCBTC
Total Profit: -4940 pip (-530%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -4940 pip Profit (-530%)

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 0.00440(current price) - 0.00934(open price) = -494 pip (-53%)
10 trade(s) still open, therefore total profit for open trade(s) is -494 (-53%) x 10 = -4940 pip (-530%)

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 25, 2020 - 22:16
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.00300, beginning of uptrend is expected.
  • We make sure when the resistance at 0.00505 breaks.
  • If the support at 0.00300 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.
  • A peak is formed in daily chart at 0.00504 on 11/24/2020, so more losses to support(s) 0.00415, 0.00400, 0.00360 and minimum to Major Support (0.00300) 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 55.

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) Wed, 13 Jan 2021
Litecoin / Bitcoin (LTCBTC) Tue, 5 Jan 2021
Litecoin / Bitcoin (LTCBTC) free Mon, 21 Dec 2020
Litecoin / Bitcoin (LTCBTC) Tue, 8 Dec 2020
Litecoin / Bitcoin (LTCBTC) Tue, 1 Dec 2020