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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup

#LTCBTC
Total Profit: 424 pip (124%)
Closed trade(s): 112 pip Profit (32%)
Open trade(s): 312 pip Profit (92%)

Trade Setup:
We opened 7 BUY trade(s) @ 0.00341 based on 'Valley' entry method at 2021.04.01.

Closed Profit:
TP1 @ 0.00365 touched at 2021.04.03 with 24 pip Profit (7%).
TP2 @ 0.00380 touched at 2021.04.06 with 39 pip Profit (11%).
TP3 @ 0.00390 touched at 2021.04.06 with 49 pip Profit (14%).
24 (7%) + 39 (11%) + 49 (14%) = 112 pip (32%)

Open Profit:
Profit for one trade is 0.00419(current price) - 0.00341(open price) = 78 pip (23%)
4 trade(s) still open, therefore total profit for open trade(s) is 78 (23%) x 4 = 312 pip (92%)

#LTCBTC
Total Profit: -5150 pip (-550%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -5150 pip Profit (-550%)

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 0.00419(current price) - 0.00934(open price) = -515 pip (-55%)
10 trade(s) still open, therefore total profit for open trade(s) is -515 (-55%) x 10 = -5150 pip (-550%)

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.

DateApril 11, 2021 - 00:45
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.00325, beginning of uptrend is expected.
  • We make sure when the resistance at 0.00530 breaks.
  • If the support at 0.00325 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 trough is formed in daily chart at 0.00323 on 03/30/2021, so more gains to resistance(s) 0.00440, 0.00465, 0.00485 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 66.

Take Profits:

  1. 0.00365
  2. 0.00380
  3. 0.00390
  4. 0.00440
  5. 0.00465
  6. 0.00485
Click on the level to view price action history.

Symbol Released Current Forecast
Litecoin / Bitcoin (LTCBTC) Tue, 4 May 2021
Litecoin / Bitcoin (LTCBTC) Mon, 26 Apr 2021
Litecoin / Bitcoin (LTCBTC) Sat, 17 Apr 2021
Litecoin / Bitcoin (LTCBTC) free Sun, 11 Apr 2021
Litecoin / Bitcoin (LTCBTC) free Sun, 4 Apr 2021