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Weekly forecast Litecoin technical chart
Symbol LTCUSD

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Trade Setup
#LTCUSD
Total Profit: 60741 pip (1148%)
Closed trade(s): 27090 pip Profit (512%)
Open trade(s): 33651 pip Profit (636%)

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%).
TP7 @ 146.55 touched at 2021.01.03 with 9355 pip Profit (177%).
305 (6%) + 1035 (20%) + 1510 (28%) + 3160 (60%) + 5145 (97%) + 6580 (124%) + 9355 (177%) = 27090 pip (512%)

Open Profit:
Profit for one trade is 165.17(current price) - 53.00(open price) = 11217 pip (212%)
3 trade(s) still open, therefore total profit for open trade(s) is 11217 (212%) x 3 = 33651 pip (636%)

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 118.80 is broken, we will close open trades.

DateJanuary 6, 2021 - 21:31
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 118.80 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 118.80 is broken.

Technical analysis:

  • While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 96.26 on 12/24/2020, so more gains to resistance(s) 184.60, 196.55, 237.40 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 76.

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