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Weekly forecast Litecoin / Euro technical chart
Symbol LTCEUR

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Trade Setup
#LTCEUR
Total Profit: 5745 pip
Closed trade(s): 2013 pip Profit
Open trade(s): 3732 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 59.51 based on 'Valley' entry method at 2020.01.30.

Closed Profit:
TP1 @ 65.55 touched at 2020.02.06 with 604 pip Profit.
TP2 @ 73.60 touched at 2020.02.12 with 1409 pip Profit.
604 + 1409 = 2013 pip

Open Profit:
Profit for one trade is 65.73(current price) - 59.51(open price) = 622 pip
6 trade(s) still open, therefore total profit for open trade(s) is 622 x 6 = 3732 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.

DateFebruary 23, 2020 - 17:15
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 56.75 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 43.35 on 01/24/2020, so more gains to resistance(s) 73.60, 88.85, 104.45 and more heights 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 58.

Take Profits:

  1. 65.55
  2. 73.60
  3. 88.85
  4. 104.45
  5. 125.75
  6. 193.75
  7. 303.55
Click on the level to view price action history.

Symbol Released Current Forecast
Litecoin / Euro (LTCEUR) Sun, 14 Apr 2024
Litecoin / Euro (LTCEUR) Sun, 7 Apr 2024
Litecoin / Euro (LTCEUR) Sun, 31 Mar 2024
Litecoin / Euro (LTCEUR) Fri, 22 Mar 2024
Litecoin / Euro (LTCEUR) Sun, 17 Mar 2024