Litecoin Backtesting Results: Athena V2

50% Profit in 5 years, in just 28 trades. HODL returns is -86%. Invest wisely with sypto.xyz

Ever since we updated the strategy Athena on Litecoin and other top coins in the market I wanted to share the detailed back-testing results with all our users so that they are aware of what to expect in future.

Here’s how the strategy has performed on Litecoin (LTC) between December 2017 and August 2022

Highlights

50%
Net Profit

75%
Max Runup

-86%
HODL return

28 Trades

50% Profitable

It may be difficult to comprehend the 5 years data at a glance, with no real understanding of what really happened. Thus below I have broken it down into 3 smaller time frames to make it more insightful. Let’s see

December 2017 – December 2019

Litecoin was launched around $300 mark after which it continued through a downhill journey for about an year to reach levels even below $30. Although it did went through a recovery phase & reached $140 mark but could not sustain and again fell to $40 levels.

During this 2 year period that largely remained bearish involving 1 major recovery let’s see how our strategy Athena performed on LTC.

8 Trades

37% Profitable

27% Max Drawdown

At the end of 2 years, a $1000 initial capital would have become $925

Here are the trades

TradeTypeDatePriceTypeDatePriceProfit %Run-up %Drawdown %
1Buy18/12/2017$330.0Sell22/12/2017$239.99-27.2811.227.28
2Buy17/07/2018$90.0Sell30/07/2018$80.79-10.234.911.67
3Buy06/01/2019$36.12Sell11/01/2019$30.62-15.2312.9615.23
4Buy08/02/2019$40.8Sell11/04/2019$76.2486.86141.421.2
5Buy15/05/2019$98.50Sell04/06/2019$102.43.9623.7514.45
6Buy10/06/2019$121.89Sell26/06/2019$128.05.0119.70
7Buy05/08/2019$105.88Sell07/08/2019$88.5-16.410.8416.41
8Buy26/10/2019$60.06Sell14/11/2019$58.93-1.8810.217.44

January 2020 – December 2020

Although started with mild recovery, LTC quickly came down to $40 levels. From hear it largely remained flat throughout until towards the end when it entered the bull run reaching up to $170 mark.

Let’s see how Athena performed on LTC during this 1 year period involving a bull run.

10 Trades

60% Profitable

11% Max Drawdown

At the end of this 1 year, a $1000 initial capital would have become $2133

Here are the trades

No.TypeDatePriceTypeDatePriceProfit %Run-Up %Drawdown
1Buy05/01/2020$44.18Sell23/01/2020$54.5023.3643.192.31
2Buy30/01/2020$63.26Sell16/02/2020$71.5313.0733.290
3Buy29/04/2020$47.64Sell07/05/2020$44.92-5.716.636.49
4Buy30/05/2020$46.59Sell11/06/2020$45.06-3.287.235.56
5Buy25/07/2020$45.87Sell11/08/2020$54.5118.8442.080
6Buy17/08/2020$65.17Sell25/08/2020$57.76-11.375.6911.37
7Buy10/10/2020$48.46Sell17/10/2020$46.59-3.866.275.9
8Buy21/10/2020$51.50Sell30/10/2020$52.972.8517.570
9Buy06/11/2020$60.55Sell26/11/2020$67.7711.9255.285.86
10Buy17/12/2020$94.02Sell11/01/2021$135.3043.9197.650

January 2021 – August 2022

This period started with a bull run taking LTC to $400 levels after which a sharp decline brought it down to $100 mark. A mild recovery followed but was short lived and soon changed into a bearish phase seeing LTC trading around $50 levels.

In this period involving 1 bull & a bear run each with intermittent recovery, Let’s see how Athena performed on LTC:

10 Trades

50% Profitable

26% Max Drawdown

At the end of this period, a $1000 initial capital would have become $760

Here are the trades

No.TypeDatePriceTypeDatePriceProfit %Run-up %Drawdown %
1Buy08/02/2021$166.02Sell22/02/2021$185.3111.6248.81.08
2Buy06/04/2021$230.23Sell23/04/2021$231.100.3845.818.45
3Buy05/05/2021$335.69Sell13/05/2021$300.52-10.4823.1810.48
4Buy01/08/2021$149.18Sell07/09/2021$165.6011.0155.899.14
5Buy13/09/2021$232.56Sell20/09/2021$170.70-26.63.226.6
6Buy08/11/2021$214.7Sell17/11/2021$226.505.537.730
7Buy19/03/2022$116.0Sell01/04/2022$120.003.4515.64.05
8Buy16/07/2022$55.07Sell25/07/2022$54.33-1.3412.091.34
9Buy28/07/2022$61.73Sell19/08/2022$59.64-3.396.668.26
10Buy10/09/2022$62.74Sell16/09/2022$56.06-10.657.5511.01

Conclusion

Athena is one of the top strategies if they want to avoid the high volatility of Litecoin and choose a more smoother road to their crypto investments.
Athena is LONG ONLY, doesn’t use leverage. Works on SPOT Market thus relatively lower risk.

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