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Weekly forecast Litecoin technical chart
Symbol LTCUSD

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (65.60 to 63.20). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (65.60)
  • Ending of entry zone (63.20)

DateDecember 3, 2023 - 09:54
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 59.70, continuation of uptrend is expected.
  • We make sure when the resistance at 76.80 breaks.
  • If the support at 59.70 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 65.10 on 11/21/2023, so more gains to resistance(s) 75.20 and maximum to Major Resistance (76.80) 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 55.

Take Profits:

  1. 70.75
  2. 75.20
  3. 85.00
  4. 103.45
  5. 115.00
  6. 133.99
  7. 167.24
  8. 232.63
  9. 281.63
  10. 334.75
  11. 388.93
  12. 413.50
Click on the level to view price action history.

Symbol Released Current Forecast
Litecoin (LTCUSD) new Mon, 19 Feb 2024
Litecoin (LTCUSD) Sun, 11 Feb 2024
Litecoin (LTCUSD) Sun, 4 Feb 2024
Litecoin (LTCUSD) Sun, 28 Jan 2024
Litecoin (LTCUSD) Sun, 21 Jan 2024