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Weekly forecast Litecoin technical chart
Symbol LTCUSD

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Trade Setup
#LTCUSD
Total Profit: 5813 pip
Closed trade(s): 305 pip Profit
Open trade(s): 5508 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 53.00 based on 'Valley' entry method at 2020.10.21.

Closed Profit:
TP1 @ 56.05 touched at 2020.10.22 with 305 pip Profit.

Open Profit:
Profit for one trade is 59.12(current price) - 53.00(open price) = 612 pip
9 trade(s) still open, therefore total profit for open trade(s) is 612 x 9 = 5508 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.
DateOctober 25, 2020 - 16:50
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 22.50, beginning of uptrend is expected.
  • We make sure when the resistance at 63.35 breaks.
  • If the support at 22.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 45.50 on 10/16/2020, so more gains maximum to Major Resistance (63.35) 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 74.

Take Profits:

  1. 56.05
  2. 63.35
  3. 68.10
  4. 84.60
  5. 104.45
  6. 118.80
  7. 146.55
  8. 196.55
  9. 237.40
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.