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Weekly forecast Litecoin technical chart
Symbol LTCUSD
Trade Setup

#LTCUSDT
Total Profit: 408 pip (31%)
Closed trade(s): 111 pip Profit (9%)
Open trade(s): 297 pip Profit (22%)

Trade Setup:
We opened 12 BUY trade(s) @ 122.3 based on 'Valley & DownTrend Break Up' entry method at 2022.02.05.

Closed Profit:
TP1 @ 133.4 touched at 2022.02.07 with 111 pip Profit (9%).

Open Profit:
Profit for one trade is 125.0(current price) - 122.3(open price) = 27 pip (2%)
11 trade(s) still open, therefore total profit for open trade(s) is 27 (2%) x 11 = 297 pip (22%)

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.
DateMarch 26, 2022 - 23:00
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 89.70, beginning of uptrend is expected.
  • We make sure when the resistance at 171.10 breaks.
  • If the support at 89.70 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 96.0 on 03/07/2022, so more gains to resistance(s) 133.4, 151.3 and maximum to Major Resistance (171.1) 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 63.

Take Profits:

  1. 133.4
  2. 151.3
  3. 171.1
  4. 187.3
  5. 208.7
  6. 229.2
  7. 246.1
  8. 288.8
  9. 334.8
  10. 370.4
  11. 412.6
Click on the level to view price action history.
Symbol Released Current Forecast
Litecoin (LTCUSD) new 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.