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Weekly forecast Litecoin technical chart
Symbol LTCUSD

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Trade Setup
#LTCUSD
Total Profit: 53595 pip (1013%)
Closed trade(s): 27090 pip Profit (512%)
Open trade(s): 26505 pip Profit (501%)

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 141.35(current price) - 53.00(open price) = 8835 pip (167%)
3 trade(s) still open, therefore total profit for open trade(s) is 8835 (167%) x 3 = 26505 pip (501%)

#LTCUSD
Total Profit: 43205 pip (478%)
Closed trade(s): 17925 pip Profit (198%)
Open trade(s): 25280 pip Profit (280%)

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%).
TP4 @ 146.55 touched at 2021.01.03 with 5587 pip Profit (62%).
TP5 @ 165.05 touched at 2021.01.04 with 7437 pip Profit (82%).
562 (6%) + 1527 (17%) + 2812 (31%) + 5587 (62%) + 7437 (82%) = 17925 pip (198%)

Open Profit:
Profit for one trade is 141.24(current price) - 90.68(open price) = 5056 pip (56%)
5 trade(s) still open, therefore total profit for open trade(s) is 5056 (56%) x 5 = 25280 pip (280%)

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 13, 2021 - 20:09
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

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 peak is formed in daily chart at 185.51 on 01/10/2021, so more losses minimum to Major Support (118.80) 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 53.

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 Thu, 4 Mar 2021
Litecoin (LTCUSD) Sun, 21 Feb 2021
Litecoin (LTCUSD) free Sun, 7 Feb 2021
Litecoin (LTCUSD) Sun, 31 Jan 2021
Litecoin (LTCUSD) Wed, 13 Jan 2021