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Weekly forecast Litecoin technical chart

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Trade Setup
Total Profit: -43190 pip
Closed trade(s): 0 pip Profit
Open trade(s): -43190 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 90.68 based on 'Valley' entry method at 2019.08.11.

Open Profit:
Profit for one trade is 47.49(current price) - 90.68(open price) = -4319 pip
10 trade(s) still open, therefore total profit for open trade(s) is -4319 x 10 = -43190 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.

DateDecember 1, 2019 - 19:50
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 22.50, beginning of uptrend is expected.
  • We make sure when the resistance at 69.30 breaks.
  • If the support at 22.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
  • A peak is formed in daily chart at 66.50 on 11/10/2019, so more losses to support(s) 42.20, 30.05 and minimum to Major Support (22.50) 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 36.

Take Profits:

  1. 96.30
  2. 105.95
  3. 118.80
  4. 146.55
  5. 165.05
  6. 196.55
  7. 237.40
  8. 295.80
  9. 370.35
Click on the level to view price action history.

Symbol Released Current Forecast
Litecoin (LTCUSD) Sun, 13 Sep 2020
Litecoin (LTCUSD) Mon, 31 Aug 2020
Litecoin (LTCUSD) Mon, 24 Aug 2020
Litecoin (LTCUSD) Sun, 16 Aug 2020
Litecoin (LTCUSD) Mon, 10 Aug 2020