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Weekly forecast Litecoin technical chart
Symbol LTCUSD

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Trade Setup

#LTCUSD
Total Profit: 74396 pip (1405%)
Closed trade(s): 74396 pip Profit (1405%)
Open trade(s): 0 pip Profit (0%)

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%).
TP8 @ 196.55 touched at 2021.02.12 with 14355 pip Profit (271%).
TP9 @ 237.40 touched at 2021.02.18 with 18440 pip Profit (348%).
305 (6%) + 1035 (20%) + 1510 (28%) + 3160 (60%) + 5145 (97%) + 6580 (124%) + 9355 (177%) + 14355 (271%) + 18440 (348%) = 59885 pip (1131%)

Closed Profit:
Profit for one trade is 198.11(current price) - 53.00(open price) = 14511 pip (274%)
1 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 14511 (274%) x 1 = 14511 pip (274%)

#LTCUSD
Total Profit: 102406 pip (1129%)
Closed trade(s): 102406 pip Profit (1129%)
Open trade(s): 0 pip Profit (0%)

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%).
TP6 @ 196.55 touched at 2021.02.12 with 10587 pip Profit (117%).
TP7 @ 237.40 touched at 2021.02.18 with 14672 pip Profit (162%).
TP8 @ 295.80 touched at 2021.04.16 with 20512 pip Profit (226%).
TP9 @ 370.35 touched at 2021.05.07 with 27967 pip Profit (308%).
562 (6%) + 1527 (17%) + 2812 (31%) + 5587 (62%) + 7437 (82%) + 10587 (117%) + 14672 (162%) + 20512 (226%) + 27967 (308%) = 91663 pip (1011%)

Closed Profit:
Profit for one trade is 198.11(current price) - 90.68(open price) = 10743 pip (118%)
1 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 10743 (118%) x 1 = 10743 pip (118%)

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateMay 25, 2021 - 12:24
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 118.45, resumption of uptrend is expected.
  • We make sure when the resistance at 246.10 breaks.
  • If the support at 118.45 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
  • A peak is formed in daily chart at 412.60 on 05/10/2021, so more losses to support(s) 167.50, 146.55 and minimum to Major Support (118.45) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 36.

Supports and Resistances:

  1. 196.55
  2. 146.55
  3. 104.45
  4. 84.60
  5. 68.10
  6. 63.35
  7. 56.05
Click on the level to view price action history.
Symbol Released Current Forecast
Litecoin (LTCUSD) Sun, 14 Apr 2024
Litecoin (LTCUSD) free Sun, 7 Apr 2024
Litecoin (LTCUSD) free Sun, 31 Mar 2024
Litecoin (LTCUSD) free Fri, 22 Mar 2024
Litecoin (LTCUSD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on LTCUSD.