LITECOIN - LTC/USDT
LITECOIN - LTC/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: LTCUSDT
ISIN:

LITECOIN - LTC/USDT - Daily - Technical analysis published on 12/10/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 160.89 USDT
My targets
141.22 USDT (-9.11%)
119.53 USDT (-23.07%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LITECOIN - LTC/USDT as long as the price remains well below 160.89 USDT. The sellers' bearish objective is set at 141.22 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 119.53 USDT. In case of crossing, the next objective would be the support located at 82.20 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.8

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 finacian. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The LITECOIN - LTC/USDT price is 155.37 USDT. The price has increased by +2.62% since the last closing and was traded between 149.40 USDT and 156.88 USDT over the period. The price is currently at +4.00% from its lowest and -0.96% from its highest.

149.40
156.88
155.37

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this Daily chart of LITECOIN - LTC/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 82.20 119.53 141.22 155.37 160.89 177.18 194.77
Change (%) -47.09% -23.07% -9.11% - +3.55% +14.04% +25.36%
Change -73.17 -35.84 -14.15 - +5.52 +21.81 +39.40
Level Minor Minor Major - Intermediate Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard130.73141.06146.24156.57161.75172.08177.26
Camarilla147.15148.57149.99151.41152.83154.25155.68
Woodie128.15139.77143.66155.28159.17170.79174.68
Fibonacci141.06146.99150.65156.57162.50166.16172.08


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard44.9690.79126.82172.65208.68254.51290.54
Camarilla140.34147.84155.35162.85170.35177.86185.36
Woodie40.0688.34121.92170.20203.78252.06285.64
Fibonacci90.79122.06141.38172.65203.92223.24254.51


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard49.88116.34161.97228.43274.06340.52386.15
Camarilla176.79187.06197.34207.61217.89228.16238.44
Woodie39.48111.13151.57223.22263.66335.31375.75
Fibonacci116.34159.16185.61228.43271.25297.70340.52

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 34.92
MACD (12,26,9): -16.1500
Directional Movement: -18.84
AROON (14): -57.14
DEMA (21): 166.01
Parabolic SAR (0,02-0,02-0,2): 169.59
Elder Ray (13): -21.99
Super Trend (3,10): 205.96
Zig ZAG (10): 156.29
VORTEX (21): 0.8600
Stochastique (14,3,5): 23.82
TEMA (21): 151.42
Williams %R (14): -75.91
Chande Momentum Oscillator (20): -43.14
Repulse (5,40,3): -2.7200
ROCnROLL: 2
TRIX (15,9): -0.8000
Courbe Coppock: 44.41
MA7: 159.26
MA20: 190.05
MA50: 205.99
MA100: 191.58
MAexp7: 163.86
MAexp20: 184.55
MAexp50: 195.68
MAexp100: 192.26
Price / MA7: -2.44%
Price / MA20: -18.25%
Price / MA50: -24.57%
Price / MA100: -18.90%
Price / MAexp7: -5.16%
Price / MAexp20: -15.80%
Price / MAexp50: -20.58%
Price / MAexp100: -19.17%

Quotes : - Real time data - Cryptocompare

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

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