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Weekly forecast Litecoin / Euro technical chart
Symbol LTCEUR

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Trade Setup
#LTCEUR
Total Profit: 203954 pip (455%)
Closed trade(s): 64658 pip Profit (143%)
Open trade(s): 139296 pip Profit (312%)

Trade Setup:
We opened 10 BUY trade(s) @ 44.893 based on 'Valley' entry method at 2020.10.21.

Closed Profit:
TP1 @ 45.860 touched at 2020.10.22 with 967 pip Profit (2%).
TP2 @ 56.750 touched at 2020.11.16 with 11857 pip Profit (26%).
TP3 @ 65.550 touched at 2020.11.19 with 20657 pip Profit (46%).
TP4 @ 76.070 touched at 2020.11.24 with 31177 pip Profit (69%).
967 (2%) + 11857 (26%) + 20657 (46%) + 31177 (69%) = 64658 pip (143%)

Open Profit:
Profit for one trade is 68.109(current price) - 44.893(open price) = 23216 pip (52%)
6 trade(s) still open, therefore total profit for open trade(s) is 23216 (52%) x 6 = 139296 pip (312%)

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 45.86 is broken, we will close open trades.
DateNovember 26, 2020 - 01:14
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 45.86 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 45.86 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A peak is formed in daily chart at 78.23 on 11/24/2020, so more losses to support(s) 65.55, 56.75 and minimum to Major Support (45.86) 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 69.

Take Profits:

  1. 45.86
  2. 56.75
  3. 65.55
  4. 76.07
  5. 88.85
  6. 104.45
  7. 125.75
  8. 193.75
  9. 303.55
Click on the level to view price action history.
Symbol Released Current Forecast
Litecoin / Euro (LTCEUR) Sun, 14 Apr 2024
Litecoin / Euro (LTCEUR) Sun, 7 Apr 2024
Litecoin / Euro (LTCEUR) Sun, 31 Mar 2024
Litecoin / Euro (LTCEUR) Fri, 22 Mar 2024
Litecoin / Euro (LTCEUR) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on LTCEUR.