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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Litecoin technical chart
Symbol LTCUSD

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Trade Setup
#LTCUSD
Total Profit: 12488 pip
Closed trade(s): 2832 pip Profit
Open trade(s): 9656 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 77.79 based on 'Two-day reversal candle (Shooting Star)' entry method at 2019.05.10.

Closed Profit:
TP1 @ 84.60 touched at 2019.05.11 with 681 pip Profit.
TP2 @ 99.30 touched at 2019.05.15 with 2151 pip Profit.
681 + 2151 = 2832 pip

Open Profit:
Profit for one trade is 89.86(current price) - 77.79(open price) = 1207 pip
8 trade(s) still open, therefore total profit for open trade(s) is 1207 x 8 = 9656 pip

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.

DateWed, 05/22/2019 - 13:03
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 69.30, beginning of uptrend is expected.
  • We make sure when the resistance at 109.10 breaks.
  • If the support at 69.30 is broken, the short-term forecast -beginning 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 84.90 on 05/17/2019, so more gains to resistance(s) 99.30 and maximum to Major Resistance (109.10) 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. 84.60
  2. 99.30
  3. 109.10
  4. 130.95
  5. 165.05
  6. 196.55
  7. 237.40
  8. 295.80
  9. 370.35
Click on the level to view price action history.

Symbol Released Current Forecast
Litecoin (LTCUSD) Thu, 12 Sep 2019
Litecoin (LTCUSD) Mon, 26 Aug 2019
Litecoin (LTCUSD) Fri, 23 Aug 2019
Litecoin (LTCUSD) Wed, 7 Aug 2019
Litecoin (LTCUSD) Sun, 28 Jul 2019