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Weekly forecast Litecoin technical chart
Symbol LTCUSD

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Trade Setup
#LTCUSD
Total Profit: 5813 pip
Closed trade(s): 305 pip Profit
Open trade(s): 5508 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 53.00 based on 'Valley' entry method at 2020.10.21.

Closed Profit:
TP1 @ 56.05 touched at 2020.10.22 with 305 pip Profit.

Open Profit:
Profit for one trade is 59.12(current price) - 53.00(open price) = 612 pip
9 trade(s) still open, therefore total profit for open trade(s) is 612 x 9 = 5508 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.

DateOctober 25, 2020 - 16:50
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 22.50, beginning of uptrend is expected.
  • We make sure when the resistance at 63.35 breaks.
  • If the support at 22.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 45.50 on 10/16/2020, so more gains maximum to Major Resistance (63.35) 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 74.

Take Profits:

  1. 56.05
  2. 63.35
  3. 68.10
  4. 84.60
  5. 104.45
  6. 118.80
  7. 146.55
  8. 196.55
  9. 237.40
Click on the level to view price action history.

Symbol Released Current Forecast
Litecoin (LTCUSD) new Wed, 25 Nov 2020
Litecoin (LTCUSD) free Tue, 17 Nov 2020
Litecoin (LTCUSD) free Sun, 8 Nov 2020
Litecoin (LTCUSD) free Sun, 1 Nov 2020
Litecoin (LTCUSD) Sun, 25 Oct 2020