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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup

#LTCBTC
Total Profit: -264 pip (-72%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -264 pip Profit (-72%)

Trade Setup:
We opened 12 BUY trade(s) @ 0.00371 based on 'Valley' entry method at 2021.07.22.

Open Profit:
Profit for one trade is 0.00349(current price) - 0.00371(open price) = -22 pip (-6%)
12 trade(s) still open, therefore total profit for open trade(s) is -22 (-6%) x 12 = -264 pip (-72%)

#LTCBTC
Total Profit: -5850 pip (-630%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -5850 pip Profit (-630%)

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 0.00349(current price) - 0.00934(open price) = -585 pip (-63%)
10 trade(s) still open, therefore total profit for open trade(s) is -585 (-63%) x 10 = -5850 pip (-630%)

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.

DateJuly 26, 2021 - 20:50
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.003250, resumption of uptrend is expected.
  • We make sure when the resistance at 0.005600 breaks.
  • If the support at 0.003250 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
  • While the RSI resistance #1 at 47 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.00375 on 07/24/2021, so more losses to support(s) 0.00335 and minimum to Major Support (0.00325) 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 25.

Take Profits:

  1. 0.00415
  2. 0.00440
  3. 0.00465
  4. 0.00485
  5. 0.00505
  6. 0.00530
  7. 0.00560
  8. 0.00640
  9. 0.00695
  10. 0.00745
  11. 0.00805
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