LITECOIN - LTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LTCUSDT
ISIN:

LITECOIN - LTC/USDT - Weekly - Technical analysis published on 01/09/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 142.34 USDT

My targets

180.45 USDT (+2.71%)

221.59 USDT (+26.13%)

My analysis

The bullish trend is currently very strong on LITECOIN - LTC/USDT. As long as the price remains above the support at 142.34 USDT, you could try to benefit from the boom. The first bullish objective is located at 180.45 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 221.59 USDT as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by teodorassenov69. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

LITECOIN - LTC/USDT rating 175.69 USDT. The price is up +9.04% over 5 days and has been traded over the last 5 days between 146.73 USDT and 180.93 USDT. This implies that the 5 day price is +19.74% from its lowest point and -2.90% from its highest point.

146.73

180.93

175.69

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on LITECOIN - LTC/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Weekly of this LITECOIN - LTC/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	67.29	83.10	142.34	175.69	178.99
Change (%)	-61.70%	-52.70%	-18.98%	-	+1.88%
Change	-108.40	-92.59	-33.35	-	+3.30
Level	Intermediate	Minor	Major	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	126.59	139.47	155.83	168.71	185.07	197.95	214.31
Camarilla	164.14	166.82	169.50	172.18	174.86	177.54	180.22
Woodie	128.32	140.34	157.56	169.58	186.80	198.82	216.04
Fibonacci	139.47	150.64	157.54	168.71	179.88	186.78	197.95

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.66	112.57	124.75	132.66	144.84	152.75	164.93
Camarilla	131.40	133.24	135.08	136.92	138.76	140.60	142.45
Woodie	106.79	113.64	126.88	133.73	146.97	153.82	167.06
Fibonacci	112.57	120.25	124.99	132.66	140.34	145.08	152.75

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.81	41.93	83.07	111.19	152.33	180.45	221.59
Camarilla	105.16	111.51	117.86	124.21	130.56	136.91	143.26
Woodie	20.32	45.19	89.58	114.45	158.84	183.71	228.10
Fibonacci	41.93	68.39	84.73	111.19	137.65	153.99	180.45

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	83.12
MACD (12,26,9):	22.8500
Directional Movement:	40.98
AROON (14):	100.00
DEMA (21):	113.27
Parabolic SAR (0,02-0,02-0,2):	81.61
Elder Ray (13):	56.78
Super Trend (3,10):	92.71
Zig ZAG (10):	175.45
VORTEX (21):	1.2300
Stochastique (14,3,5):	95.43
TEMA (21):	132.78
Williams %R (14):	-3.86
Chande Momentum Oscillator (20):	129.36
Repulse (5,40,3):	57.4200
ROCnROLL:	1
TRIX (15,9):	2.9600
Courbe Coppock:	274.52

MA7:	165.91
MA20:	137.69
MA50:	106.34
MA100:	81.17
MAexp7:	123.28
MAexp20:	88.39
MAexp50:	70.24
MAexp100:	66.85
Price / MA7:	+5.89%
Price / MA20:	+27.60%
Price / MA50:	+65.22%
Price / MA100:	+116.45%
Price / MAexp7:	+42.51%
Price / MAexp20:	+98.77%
Price / MAexp50:	+150.13%
Price / MAexp100:	+162.81%

Quotes : 2021-01-09 21:21:38 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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