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Weekly forecast Litecoin technical chart
Symbol LTCUSD
Trade Setup

#LTCUSD
Total Profit: 1130 point (20%)
Closed trade(s): 1130 point Profit

Trade Setup:
We opened 14 BUY trades @ 56.6 based on 'Valley' entry method at 2022-10-29.

Closed Profit:
TP1 @ 58.65 touched at 2022-11-02 with 205 point Profit. (4%)
TP2 @ 65.85 touched at 2022-11-04 with 925 point Profit. (16%)
12 other break-even trades closed at entry price, therefore no profit no loss.
205 (4%) + 925 (16%) = 1130 point (20%)

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateNovember 21, 2022 - 14:35
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 40.30, beginning of uptrend is expected.
  • We make sure when the resistance at 73.35 breaks.
  • If the support at 40.30 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 38 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 73.35 on 11/07/2022, so more losses to support(s) 58.65, 50.18 and minimum to Major Support (40.30) 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 57.

Symbol Released Current Forecast
Litecoin (LTCUSD) free Fri, 22 Mar 2024
Litecoin (LTCUSD) free Sun, 17 Mar 2024
Litecoin (LTCUSD) Sun, 25 Feb 2024
Litecoin (LTCUSD) Mon, 19 Feb 2024
Litecoin (LTCUSD) Sun, 11 Feb 2024