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Weekly forecast Litecoin technical chart
Symbol LTCUSD

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Trade Setup

#LTCUSD
Total Profit: 31923 pip (271%)
Closed trade(s): 4713 pip Profit (41%)
Open trade(s): 27210 pip Profit (230%)

Trade Setup:
We opened 12 BUY trade(s) @ 116.41 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 133.40 touched at 2021.07.26 with 1699 pip Profit (15%).
TP2 @ 146.55 touched at 2021.07.31 with 3014 pip Profit (26%).
1699 (15%) + 3014 (26%) = 4713 pip (41%)

Open Profit:
Profit for one trade is 143.62(current price) - 116.41(open price) = 2721 pip (23%)
10 trade(s) still open, therefore total profit for open trade(s) is 2721 (23%) x 10 = 27210 pip (230%)

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.

DateJuly 31, 2021 - 09:54
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 105.40, beginning of uptrend is expected.
  • We make sure when the resistance at 208.70 breaks.
  • If the support at 105.40 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 118.45 on 2021-05-23 and the trough at 105.65 on 2021-06-22, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 103.90 on 07/20/2021, so more gains to resistance(s) 146.55, 167.50, 186.00 and maximum to Major Resistance (208.70) 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 62.

Take Profits:

  1. 133.40
  2. 146.55
  3. 167.50
  4. 186.00
  5. 208.70
  6. 229.20
  7. 246.10
  8. 288.75
  9. 334.75
  10. 370.35
  11. 412.60
Click on the level to view price action history.

Symbol Released Current Forecast
Litecoin (LTCUSD) new free Sun, 17 Mar 2024
Litecoin (LTCUSD) Sun, 25 Feb 2024
Litecoin (LTCUSD) Mon, 19 Feb 2024
Litecoin (LTCUSD) Sun, 11 Feb 2024
Litecoin (LTCUSD) Sun, 4 Feb 2024