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Weekly forecast Litecoin technical chart
Symbol LTCUSD
Trade Setup

#LTCUSD
Total Profit: 28150 point (427%)
Closed trade(s): 6145 point Profit
Open trade(s): 22005 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%)
TP4 @ 96.00 touched at 2023-01-29 with 3045 point Profit. (46%)
375 (6%) + 780 (12%) + 1945 (30%) + 3045 (46%) = 6145 point (94%)

Open Profit:
Profit for one BUY trade is 90(current price) - 65.55(open price) = 2445 point (37%)
9 trade(s) still open, therefore total profit for open trade(s) is 2445 (37%) x 9 = 22005 point (333%)

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.
  • If the Midterm level 81.80 is broken, we will close open trades.
DateMarch 4, 2023 - 16:41
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 81.80 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 81.80 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 105.70 on 02/16/2023, so more losses to support(s) 85.00 and minimum to Major Support (81.80) 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 43.

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.