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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup

#LTCBTC
Total Profit: 663 pip (181%)
Closed trade(s): 113 pip Profit (31%)
Open trade(s): 550 pip Profit (150%)

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

Closed Profit:
TP1 @ 0.00415 touched at 2021.09.03 with 44 pip Profit (12%).
TP2 @ 0.00440 touched at 2021.09.04 with 69 pip Profit (19%).
44 (12%) + 69 (19%) = 113 pip (31%)

Open Profit:
Profit for one trade is 0.00426(current price) - 0.00371(open price) = 55 pip (15%)
10 trade(s) still open, therefore total profit for open trade(s) is 55 (15%) x 10 = 550 pip (150%)

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.
DateSeptember 4, 2021 - 21:47
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 resistance #1 at 64 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.00352 on 08/30/2021, so more gains maximum to Major Resistance (0.00440) 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 75.

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.