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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup

#LTCBTC
Total Profit: -60 pip (-12%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -60 pip Profit (-12%)

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 0.00366(current price) - 0.00371(open price) = -5 pip (-1%)
12 trade(s) still open, therefore total profit for open trade(s) is -5 (-1%) x 12 = -60 pip (-12%)

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.
DateAugust 29, 2021 - 05:52
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.003250, beginning of uptrend is expected.
  • We make sure when the resistance at 0.004400 breaks.
  • If the support at 0.003250 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 0.00395 on 08/16/2021, so more losses to support(s) 0.00360, 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 49.

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) Tue, 2 Apr 2024
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
History
Daily-Trading-Opportunities on LTCBTC.