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
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
| Trade | Type | Date | Price | Type | Date | Price | Profit % | Run-up % | Drawdown % |
| 1 | Buy | 18/12/2017 | $330.0 | Sell | 22/12/2017 | $239.99 | -27.28 | 11.2 | 27.28 |
| 2 | Buy | 17/07/2018 | $90.0 | Sell | 30/07/2018 | $80.79 | -10.23 | 4.9 | 11.67 |
| 3 | Buy | 06/01/2019 | $36.12 | Sell | 11/01/2019 | $30.62 | -15.23 | 12.96 | 15.23 |
| 4 | Buy | 08/02/2019 | $40.8 | Sell | 11/04/2019 | $76.24 | 86.86 | 141.42 | 1.2 |
| 5 | Buy | 15/05/2019 | $98.50 | Sell | 04/06/2019 | $102.4 | 3.96 | 23.75 | 14.45 |
| 6 | Buy | 10/06/2019 | $121.89 | Sell | 26/06/2019 | $128.0 | 5.01 | 19.7 | 0 |
| 7 | Buy | 05/08/2019 | $105.88 | Sell | 07/08/2019 | $88.5 | -16.41 | 0.84 | 16.41 |
| 8 | Buy | 26/10/2019 | $60.06 | Sell | 14/11/2019 | $58.93 | -1.88 | 10.21 | 7.44 |
January 2020 – December 2020
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. | Type | Date | Price | Type | Date | Price | Profit % | Run-Up % | Drawdown |
| 1 | Buy | 05/01/2020 | $44.18 | Sell | 23/01/2020 | $54.50 | 23.36 | 43.19 | 2.31 |
| 2 | Buy | 30/01/2020 | $63.26 | Sell | 16/02/2020 | $71.53 | 13.07 | 33.29 | 0 |
| 3 | Buy | 29/04/2020 | $47.64 | Sell | 07/05/2020 | $44.92 | -5.71 | 6.63 | 6.49 |
| 4 | Buy | 30/05/2020 | $46.59 | Sell | 11/06/2020 | $45.06 | -3.28 | 7.23 | 5.56 |
| 5 | Buy | 25/07/2020 | $45.87 | Sell | 11/08/2020 | $54.51 | 18.84 | 42.08 | 0 |
| 6 | Buy | 17/08/2020 | $65.17 | Sell | 25/08/2020 | $57.76 | -11.37 | 5.69 | 11.37 |
| 7 | Buy | 10/10/2020 | $48.46 | Sell | 17/10/2020 | $46.59 | -3.86 | 6.27 | 5.9 |
| 8 | Buy | 21/10/2020 | $51.50 | Sell | 30/10/2020 | $52.97 | 2.85 | 17.57 | 0 |
| 9 | Buy | 06/11/2020 | $60.55 | Sell | 26/11/2020 | $67.77 | 11.92 | 55.28 | 5.86 |
| 10 | Buy | 17/12/2020 | $94.02 | Sell | 11/01/2021 | $135.30 | 43.91 | 97.65 | 0 |
January 2021 – August 2022
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. | Type | Date | Price | Type | Date | Price | Profit % | Run-up % | Drawdown % |
| 1 | Buy | 08/02/2021 | $166.02 | Sell | 22/02/2021 | $185.31 | 11.62 | 48.8 | 1.08 |
| 2 | Buy | 06/04/2021 | $230.23 | Sell | 23/04/2021 | $231.10 | 0.38 | 45.81 | 8.45 |
| 3 | Buy | 05/05/2021 | $335.69 | Sell | 13/05/2021 | $300.52 | -10.48 | 23.18 | 10.48 |
| 4 | Buy | 01/08/2021 | $149.18 | Sell | 07/09/2021 | $165.60 | 11.01 | 55.89 | 9.14 |
| 5 | Buy | 13/09/2021 | $232.56 | Sell | 20/09/2021 | $170.70 | -26.6 | 3.2 | 26.6 |
| 6 | Buy | 08/11/2021 | $214.7 | Sell | 17/11/2021 | $226.50 | 5.5 | 37.73 | 0 |
| 7 | Buy | 19/03/2022 | $116.0 | Sell | 01/04/2022 | $120.00 | 3.45 | 15.6 | 4.05 |
| 8 | Buy | 16/07/2022 | $55.07 | Sell | 25/07/2022 | $54.33 | -1.34 | 12.09 | 1.34 |
| 9 | Buy | 28/07/2022 | $61.73 | Sell | 19/08/2022 | $59.64 | -3.39 | 6.66 | 8.26 |
| 10 | Buy | 10/09/2022 | $62.74 | Sell | 16/09/2022 | $56.06 | -10.65 | 7.55 | 11.01 |
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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