Don't miss the great buy opportunity in LTCUSD

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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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.

Trend Hunter Strategy
the beginning of the trend
Simple Entry Methods
Profit taking methods
The end of the trend
Stop Loss
Thank you!
+1 Reply
ForecastCity_ME Shiva_forex
@Shiva_forex, You're truly welcome!
Excellent prediction
+1 Reply
ForecastCity_ME Mehmetozdemi
@Mehmetozdemi, Thanks! Hope you enjoy it.
Looks good!
+1 Reply
ForecastCity_ME tradingismypassion
Nice and simple
+1 Reply
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