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Weekly forecast Litecoin / Euro technical chart
Symbol LTCEUR

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Trade Setup
#LTCEUR
Total Profit: 103948 pip
Closed trade(s): 26100 pip Profit
Open trade(s): 77848 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 38.255 based on 'Valley' entry method at 2020.07.24.

Closed Profit:
TP1 @ 45.860 touched at 2020.07.27 with 7605 pip Profit.
TP2 @ 56.750 touched at 2020.08.17 with 18495 pip Profit.
7605 + 18495 = 26100 pip

Open Profit:
Profit for one trade is 47.986(current price) - 38.255(open price) = 9731 pip
8 trade(s) still open, therefore total profit for open trade(s) is 9731 x 8 = 77848 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 39.86 is broken, we will close open trades.
DateSeptember 2, 2020 - 15:29
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 39.86 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 39.86 is broken.

Technical analysis:

  • The RSI bounced from the support #1 at 40 and it prevented price from more losses.
  • The RSI resistance #2 at 58 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 44.65 on 08/27/2020, so more gains to resistance(s) 56.75, 65.55, 76.07 and more heights 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. 45.86
  2. 56.75
  3. 65.55
  4. 76.07
  5. 88.85
  6. 104.45
  7. 125.75
  8. 193.75
  9. 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
History
Daily-Trading-Opportunities on LTCEUR.