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Weekly forecast Litecoin technical chart
Symbol LTCUSD

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Trade Setup
#LTCUSD
Total Profit: 24022 pip (456%)
Closed trade(s): 6010 pip Profit (114%)
Open trade(s): 18012 pip Profit (342%)

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 (6%).
TP2 @ 63.35 touched at 2020.11.07 with 1035 pip Profit (20%).
TP3 @ 68.10 touched at 2020.11.16 with 1510 pip Profit (28%).
TP4 @ 84.60 touched at 2020.11.20 with 3160 pip Profit (60%).
305 (6%) + 1035 (20%) + 1510 (28%) + 3160 (60%) = 6010 pip (114%)

Open Profit:
Profit for one trade is 83.02(current price) - 53.00(open price) = 3002 pip (57%)
6 trade(s) still open, therefore total profit for open trade(s) is 3002 (57%) x 6 = 18012 pip (342%)

#LTCUSD
Total Profit: -7700 pip (-80%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -7700 pip Profit (-80%)

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 82.98(current price) - 90.68(open price) = -770 pip (-8%)
10 trade(s) still open, therefore total profit for open trade(s) is -770 (-8%) x 10 = -7700 pip (-80%)

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 63.35 is broken, we will close open trades.

DateNovember 25, 2020 - 22:19
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 63.35 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 63.35 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 93.60 on 11/24/2020, so more losses to support(s) 68.10 and minimum to Major Support (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 69.

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) Wed, 13 Jan 2021
Litecoin (LTCUSD) Wed, 6 Jan 2021
Litecoin (LTCUSD) free Mon, 21 Dec 2020
Litecoin (LTCUSD) free Tue, 8 Dec 2020
Litecoin (LTCUSD) Tue, 1 Dec 2020