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Weekly forecast Litecoin / Bitcoin technical chart
Symbol LTCBTC

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Trade Setup
#LTCBTC
Total Profit: -918 pip (-185%)
Closed trade(s): 63 pip Profit (13%)
Open trade(s): -981 pip Profit (-198%)

Trade Setup:
We opened 11 BUY trade(s) @ 0.00506 based on 'Valley' entry method at 2020.07.25.

Closed Profit:
TP1 @ 0.00530 touched at 2020.08.02 with 24 pip Profit (5%).
TP2 @ 0.00545 touched at 2020.08.17 with 39 pip Profit (8%).
24 (5%) + 39 (8%) = 63 pip (13%)

Open Profit:
Profit for one trade is 0.00397(current price) - 0.00506(open price) = -109 pip (-22%)
9 trade(s) still open, therefore total profit for open trade(s) is -109 (-22%) x 9 = -981 pip (-198%)

#LTCBTC
Total Profit: -5370 pip (-570%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -5370 pip Profit (-570%)

Trade Setup:
We opened 10 BUY trade(s) @ 0.00934 based on 'Valley' entry method at 2019.07.17.

Open Profit:
Profit for one trade is 0.00397(current price) - 0.00934(open price) = -537 pip (-57%)
10 trade(s) still open, therefore total profit for open trade(s) is -537 (-57%) x 10 = -5370 pip (-570%)

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.

DateFebruary 21, 2021 - 19:50
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.003600, beginning of uptrend is expected.
  • We make sure when the resistance at 0.005300 breaks.
  • If the support at 0.003600 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.00485 on 02/13/2021, so more losses minimum to Major Support (0.00360) 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 45.

Take Profits:

  1. 0.00530
  2. 0.00545
  3. 0.00580
  4. 0.00640
  5. 0.00685
  6. 0.00805
  7. 0.00925
  8. 0.01225
  9. 0.01470
  10. 0.01710
Click on the level to view price action history.

Symbol Released Current Forecast
Litecoin / Bitcoin (LTCBTC) Mon, 11 Mar 2024
Litecoin / Bitcoin (LTCBTC) Tue, 20 Feb 2024
Litecoin / Bitcoin (LTCBTC) Tue, 30 Jan 2024
Litecoin / Bitcoin (LTCBTC) Tue, 30 Jan 2024
Litecoin / Bitcoin (LTCBTC) Wed, 10 Jan 2024