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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup
#LTCBTC
Total Profit: 2107 pip
Closed trade(s): 422 pip Profit
Open trade(s): 1685 pip Profit

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

Closed Profit:
TP1 @ 0.01430 touched at 2019.06.07 with 54 pip Profit.
TP2 @ 0.01520 touched at 2019.06.10 with 144 pip Profit.
TP3 @ 0.01600 touched at 2019.06.10 with 224 pip Profit.
54 + 144 + 224 = 422 pip

Open Profit:
Profit for one trade is 0.01713(current price) - 0.01376(open price) = 337 pip
5 trade(s) still open, therefore total profit for open trade(s) is 337 x 5 = 1685 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.
  • If the Midterm level 0.013900 is broken, we will close open trades.
DateJune 11, 2019 - 17:59
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.013900, resumption of uptrend is expected.
  • We make sure when the resistance at 0.018900 breaks.
  • If the support at 0.013900 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.013900 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 0.01105 on 05/14/2019, so more gains to resistance(s) 0.01730 and maximum to Major Resistance (0.01890) 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 82.

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) 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.