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Weekly forecast Litecoin technical chart
Symbol LTCUSD

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Trade Setup
#LTCUSD
Total Profit: 46359 pip (875%)
Closed trade(s): 17735 pip Profit (335%)
Open trade(s): 28624 pip Profit (540%)

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%).
TP5 @ 104.45 touched at 2020.12.17 with 5145 pip Profit (97%).
TP6 @ 118.80 touched at 2020.12.19 with 6580 pip Profit (124%).
305 (6%) + 1035 (20%) + 1510 (28%) + 3160 (60%) + 5145 (97%) + 6580 (124%) = 17735 pip (335%)

Open Profit:
Profit for one trade is 124.56(current price) - 53.00(open price) = 7156 pip (135%)
4 trade(s) still open, therefore total profit for open trade(s) is 7156 (135%) x 4 = 28624 pip (540%)

#LTCUSD
Total Profit: 28512 pip (313%)
Closed trade(s): 4901 pip Profit (54%)
Open trade(s): 23611 pip Profit (259%)

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

Closed Profit:
TP1 @ 96.30 touched at 2020.12.17 with 562 pip Profit (6%).
TP2 @ 105.95 touched at 2020.12.17 with 1527 pip Profit (17%).
TP3 @ 118.80 touched at 2020.12.19 with 2812 pip Profit (31%).
562 (6%) + 1527 (17%) + 2812 (31%) = 4901 pip (54%)

Open Profit:
Profit for one trade is 124.41(current price) - 90.68(open price) = 3373 pip (37%)
7 trade(s) still open, therefore total profit for open trade(s) is 3373 (37%) x 7 = 23611 pip (259%)

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 84.60 is broken, we will close open trades.

DateDecember 21, 2020 - 20:33
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 84.60 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 84.60 is broken.

Technical analysis:

  • While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 123.94 on 12/20/2020, so more losses to support(s) 93.80 and minimum to Major Support (84.60) 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 60.

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) 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