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Weekly forecast Litecoin technical chart
Symbol LTCUSD

Download MT4 template file

Trade Setup
#LTCUSD
Total Profit: 12889 pip
Closed trade(s): 2209 pip Profit
Open trade(s): 10680 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 49.32 based on 'Valley' entry method at 2020.07.25.

Closed Profit:
TP1 @ 50.65 touched at 2020.07.26 with 133 pip Profit.
TP2 @ 56.05 touched at 2020.07.28 with 673 pip Profit.
TP3 @ 63.35 touched at 2020.08.02 with 1403 pip Profit.
133 + 673 + 1403 = 2209 pip

Open Profit:
Profit for one trade is 62.67(current price) - 49.32(open price) = 1335 pip
8 trade(s) still open, therefore total profit for open trade(s) is 1335 x 8 = 10680 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 50.65 is broken, we will close open trades.

DateAugust 24, 2020 - 16:50
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 50.65 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 50.65 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 57.85 on 08/23/2020, 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 58.

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