Score 7.1 (out of 10): LTC-USD sets up for +17.9% rally in 1 month

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What’s Going On Here?

Litecoin has earned a Bullish rating on the Sentiment Score, which measures the performance of Litecoin over the past five days by volume and price movement.

Why Now?

LTC-USD has reached a new shorter-term high. Previously, during similar occasions, LTC-USD shares had a median return of +17.9%, over the following 1 month – based on 10 historical occasions with 7 of those showing positive returns (70% hit ratio). This buy signal for LTC-USD received a high score of 7.1 (out of 10). This insight was generated on 2022-March-21 with last price of 114.974.

What’s This Company About?

LTC-USD is in the crypto business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: LTC-USD.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 135.53 (+17.9%) has been reached. Based on LTC-USD’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 104.87 (last price at 114.974), which is equivalent to a -8.8% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

22.1% (October-2021), 18.5% (July-2021), 21.8% (February-2021), 17.3% (October-2020), 10.2% (July-2020), -10.1% (April-2020), 58.2% (January-2020), -31.4% (September- 2019), 54.1% (May-2019), -1.8% (January-2019).

Historical Chart:

Summary:

NameLTC-USD
ViewUp
Star (1 to 10)7.1
Target+17.9%
Time1 month
Hit Rate70%

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