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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup
#LTCBTC
Total Profit: -279 pip (-59%)
Closed trade(s): 63 pip Profit (13%)
Open trade(s): -342 pip Profit (-72%)

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 0.00468(current price) - 0.00506(open price) = -38 pip (-8%)
9 trade(s) still open, therefore total profit for open trade(s) is -38 (-8%) x 9 = -342 pip (-72%)

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.

DateJanuary 5, 2021 - 22:08
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 0.005300 breaks.
  • If the support at 0.003000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.00400 on 01/02/2021, so more gains to resistance(s) 0.00505 and maximum to Major Resistance (0.00530) 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 54.

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