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Weekly forecast Litecoin technical chart
Symbol LTCUSD

Download MT4 template file

Trade Setup
#LTCUSD
Total Profit: 9617 pip
Closed trade(s): 2497 pip Profit
Open trade(s): 7120 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 48.36 based on 'Valley' entry method at 2020.07.25.

Closed Profit:
TP1 @ 50.65 touched at 2020.07.26 with 229 pip Profit.
TP2 @ 56.05 touched at 2020.07.28 with 769 pip Profit.
TP3 @ 63.35 touched at 2020.08.02 with 1499 pip Profit.
229 + 769 + 1499 = 2497 pip

Open Profit:
Profit for one trade is 57.26(current price) - 48.36(open price) = 890 pip
8 trade(s) still open, therefore total profit for open trade(s) is 890 x 8 = 7120 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.

DateAugust 2, 2020 - 21:11
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 36.05 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 41.30 on 07/16/2020, so more gains to resistance(s) 63.35, 74.35, 84.60 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 67.

Take Profits:

  1. 50.65
  2. 56.05
  3. 63.35
  4. 74.35
  5. 84.60
  6. 104.45
  7. 118.80
  8. 146.55
  9. 196.55
  10. 237.40
Click on the level to view price action history.

Symbol Released Current Forecast
Litecoin (LTCUSD) free Fri, 22 Mar 2024
Litecoin (LTCUSD) free Sun, 17 Mar 2024
Litecoin (LTCUSD) Sun, 25 Feb 2024
Litecoin (LTCUSD) Mon, 19 Feb 2024
Litecoin (LTCUSD) Sun, 11 Feb 2024