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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup

#LTCBTC
Total Profit: -288 pip (-72%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -288 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 0.00347(current price) - 0.00371(open price) = -24 pip (-6%)
12 trade(s) still open, therefore total profit for open trade(s) is -24 (-6%) x 12 = -288 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.

DateJuly 31, 2021 - 23:12
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.00325, beginning of uptrend is expected.
  • We make sure when the resistance at 0.00440 breaks.
  • If the support at 0.00325 is broken, the short-term forecast -beginning 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 trough is formed in daily chart at 0.00335 on 07/28/2021, so more gains to resistance(s) 0.00360, 0.00380, 0.00390 and maximum to Major Resistance (0.00440) 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 31.

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, 13 Sep 2021
Litecoin / Bitcoin (LTCBTC) free Sat, 4 Sep 2021
Litecoin / Bitcoin (LTCBTC) Sat, 4 Sep 2021
Litecoin / Bitcoin (LTCBTC) free Sun, 29 Aug 2021
Litecoin / Bitcoin (LTCBTC) Sat, 21 Aug 2021