ForecastCity_ME

Don't miss the great buy opportunity in LTCUSD

Long
BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Midterm forecast:
. While the price is above the support 22.50, beginning of uptrend is expected.
. We make sure when the resistance at 50.65 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.
. While the RSI uptrend #2 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 41.30 on 07/16/2020, so more gains maximum to Major Resistance (50.65) 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 67.

Total Profit: 22 pip
Closed trade(s): 0 pip Profit
Open trade(s): 22 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 47.49 based on 'Valley' entry method at 2020.07.25.

Open Profit:
Profit for one trade is 47.51(current price) - 47.49(open price) = 2 pip
11 trade(s) still open, therefore total profit for open trade(s) is 2 x 11 = 22 pip

Take Profits:
TP1= 50.65
TP2= 56. 05
TP3= 63.35
TP4= 74.35
TP5= 84.60
TP6= 104.45
TP7= 118.80
TP8= 146.55
TP9= 196.55
TP10= 237. 40
TP11= Free

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ForecastCity English Support Team ❤️
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Comments

Really amazing chart and explanation!! Can I enter taking 10x in futures right now? It's value is 56.20 currently. I am new and learning.
+1 Reply
@Taurus333, Thanks for your comment. To learn more about trading, please visit our website and read about our strategy and other useful information.

https://www.forecastcity.com/en/forecasts/introduction/weekly

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Reply
Thank you!
+1 Reply
ForecastCity_ME Shiva_forex
@Shiva_forex, You're truly welcome!
Reply
Excellent prediction
+1 Reply
ForecastCity_ME Mehmetozdemi
@Mehmetozdemi, Thanks! Hope you enjoy it.
Reply
Looks good!
+1 Reply
ForecastCity_ME tradingismypassion
Reply
Nice and simple
+1 Reply
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