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Weekly forecast Litecoin technical chart
Symbol LTCUSD
Trade Setup

#LTCUSD
Total Profit: 1130 point (20%)
Closed trade(s): 1130 point Profit

Trade Setup:
We opened 14 BUY trades @ 56.6 based on 'Valley' entry method at 2022-10-29.

Closed Profit:
TP1 @ 58.65 touched at 2022-11-02 with 205 point Profit. (4%)
TP2 @ 65.85 touched at 2022-11-04 with 925 point Profit. (16%)
12 other break-even trades closed at entry price, therefore no profit no loss.
205 (4%) + 925 (16%) = 1130 point (20%)

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateNovember 21, 2022 - 14:35
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 40.30, beginning of uptrend is expected.
  • We make sure when the resistance at 73.35 breaks.
  • If the support at 40.30 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 38 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 73.35 on 11/07/2022, so more losses to support(s) 58.65, 50.18 and minimum to Major Support (40.30) 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 57.

Symbol Released Current Forecast
Litecoin (LTCUSD) free Sun, 22 Jan 2023
Litecoin (LTCUSD) Sat, 14 Jan 2023
Litecoin (LTCUSD) free Sun, 8 Jan 2023
Litecoin (LTCUSD) Mon, 2 Jan 2023
Litecoin (LTCUSD) Sun, 25 Dec 2022