ForecastCity_ME

πŸ’‘ Two buy opportunity in LTCUSD , Mid-Term & Short-Term

Long
BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (51. 40 ).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. LTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.

Take Profits:
TP1= @ 56.30
TP2= @ 60.00
TP3= @ 64.00
TP4= @ 68.80
TP5= @ 79.82

SL= Break below S2


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Second Chance Trade Setup summary:

Profit targets=945% = {TP2= 10% + TP3= 25% + TP4= 46% + TP5= 67% + TP6= 106% + TP7= 134% + TP8= 189% + TP9= 368%}
Stop Loss = 36%
Reward/Risk > 26 : 1

New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (50.65) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."

New Take Profits:
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

SL= Break below 48.75

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Current Status of First Buy:

Total Profit: 275%
Closed trade(s): 41% Profit
Open trade(s): 234% Profit

Trade Setup:
We opened 11 BUY trade(s) @ 43.75 based on 'previous Forecast' at 09.24.2020:

Closed Profit:
TP1 @ 50.65 touched at 10.11.2020 with 13% Profit.
TP2 @ 56.05 touched at 10.22.2020 with 28% Profit.
13% + 28% = 41%

Open Profit:
Open trade is 55.30 (current price) - 43.75 (open price) = 26%
9 trade(s) still open, therefore total profit for open trade(s) is 26% x 9 = 234%

Technical analysis:
. LTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.

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Comment: Mid-Term Forecast:

60922 pips profit...
Total Profit: 60922
Closed trade(s): 10255 + 5667 = 15922 Profit
Open trade(s): 25476 + 19524 = 45000 Profit

First Trade Details' Update:

Closed profit of the first trade :
TP1 @ 50.65 touched at 10.11.2020 with 536 Profit.
TP2 @ 56.05 touched at 10.22.2020 with 1076 Profit.
TP3 @ 63.35 touched at 11.06.2020 with 1806 Profit.
TP4 @ 74.35 touched at 11.16.2020 with 2906 Profit.
TP5 @ 84.60 touched at 11.20.2020 with 3931 Profit.
536 + 1076 + 1806 + 2906 + 3931 = 10255

Open Profit:
Profit for one trade is 87.75(current price) - 45.29(open price) = 4246
6 trade(s) still open, therefore total profit for open trade(s) is 4246 x 6 = 25476
All SLs moved to Break-even point.

Take Profit:
TP6 @104.45
TP7 @118.80
TP8 @146.55
TP9 @196.55
TP10 @237.40
TP11 Free

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Second Trade Details' Update:

Closed profit of the second trade :
TP3 @ 63.35 touched at 11.06.2020 with 1806 Profit.
TP4 @ 74.35 touched at 11.16.2020 with 2906 Profit.
TP5 @ 84.60 touched at 11.20.2020 with 3931 Profit.
814 + 1914 + 2939 = 5667

Open Profit:
Profit for one trade is 87.75(current price) - 55.21(open price) = 3254
6 trade(s) still open, therefore total profit for open trade(s) is 3254 x 6 = 19524
All SLs moved to Break-even point.

Take Profit:
TP6 @104.45
TP7 @118.80
TP8 @146.55
TP9 @196.55
TP10 @237.40
TP11 Free


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Short-Term Forecast:

6245 pips profit...
Total Profit: 6245
Closed trade(s): 6245 Profit
Open trade(s): 0 Profit

Update Details:

Closed Profit:
TP1 @ 56.30 touched at 11.05.2020 with 301 Profit.
TP2 @ 60.00 touched at 11.05.2020 with 671 Profit.
TP3 @ 64.00 touched at 11.06.2020 with 1071 Profit.
TP4 @ 68.80 touched at 11.16.2020 with 1551 Profit.
TP5 @ 79.80 touched at 11.19.2020 with 2651 Profit.
301 + 671+ 1071 + 1551 + 2651 = 6245
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Comments

thorough & elaborate analysis.
+2 Reply
ForecastCity_ME yusufipek1989
@yusufipek1989, Thank you. We hope you enjoy it.
+1 Reply
Thumbs up πŸ‘
+1 Reply
@Lizabet, Thanks!
Reply
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