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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup
#LTCBTC
Total Profit: -624 pip
Closed trade(s): 0 pip Profit
Open trade(s): -624 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.01376 based on 'Valley' entry method at 2019.04.30.

Open Profit:
Profit for one trade is 0.01298(current price) - 0.01376(open price) = -78 pip
8 trade(s) still open, therefore total profit for open trade(s) is -78 x 8 = -624 pip

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.

DateMay 6, 2019 - 14:34
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.011350, resumption of uptrend is expected.
  • We make sure when the resistance at 0.016000 breaks.
  • If the support at 0.011350 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • While the RSI support #2 at 33 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 0.01273 on 04/29/2019, so more gains to resistance(s) 0.01315, 0.01430, 0.01520 and maximum to Major Resistance (0.01600) 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 38.

Take Profits:

  1. 0.01430
  2. 0.01520
  3. 0.01600
  4. 0.01730
  5. 0.01890
  6. 0.02015
  7. 0.02380
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