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Weekly forecast Litecoin technical chart
Symbol LTCUSD
Trade Setup

#LTCUSD
Total Profit: 25410 point (388%)
Closed trade(s): 3100 point Profit
Open trade(s): 22310 point Profit

Trade Setup:
We opened 13 BUY trades @ 65.55 based on 'Valley' entry method at 2022-12-20.

Closed Profit:
TP1 @ 69.30 touched at 2022-12-25 with 375 point Profit. (6%)
TP2 @ 73.35 touched at 2023-01-02 with 780 point Profit. (12%)
TP3 @ 85.00 touched at 2023-01-11 with 1945 point Profit. (30%)
375 (6%) + 780 (12%) + 1945 (30%) = 3100 point (48%)

Open Profit:
Profit for one BUY trade is 87.86(current price) - 65.55(open price) = 2231 point (34%)
10 trade(s) still open, therefore total profit for open trade(s) is 2231 (34%) x 10 = 22310 point (340%)

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.
DateJanuary 14, 2023 - 14:10
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 59.20, beginning of uptrend is expected.
  • We make sure when the resistance at 96.00 breaks.
  • If the support at 59.20 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 61.05 on 12/19/2022, so more gains maximum to Major Resistance (96.00) 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 77.

Take Profits:

  1. 69.30
  2. 73.35
  3. 85.00
  4. 96.00
  5. 133.99
  6. 167.24
  7. 189.79
  8. 232.63
  9. 281.63
  10. 333.08
  11. 388.93
  12. 413.50
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.