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

LITECOIN - LTC/USDT - Daily - Technical analysis published on 12/29/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 161.97 USDT
My targets
141.22 USDT (-5.15%)
116.34 USDT (-21.86%)
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 161.97 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 116.34 USDT. In case of crossing, the next objective would be the support located at 107.27 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7

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 rating is 148.88 USDT. The price registered an increase of +2.20% on the session with the lowest point at 145.25 USDT and the highest point at 150.35 USDT. The deviation from the price is +2.50% for the low point and -0.98% for the high point.

145.25
150.35
148.88

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

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 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily



In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 4 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

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 82.20 107.27 141.22 148.88 177.18 207.50 232.20
Change (%) -44.79% -27.95% -5.15% - +19.01% +39.37% +55.96%
Change -66.68 -41.61 -7.66 - +28.30 +58.62 +83.32
Level Minor Minor Major - Intermediate Minor 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
Standard130.47137.61141.64148.78152.81159.95163.98
Camarilla142.61143.63144.66145.68146.70147.73148.75
Woodie128.93136.83140.10148.00151.27159.17162.44
Fibonacci137.61141.87144.51148.78153.04155.68159.95


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard125.07135.21146.44156.58167.81177.95189.18
Camarilla151.80153.76155.72157.68159.64161.60163.56
Woodie125.63135.48147.00156.85168.37178.22189.74
Fibonacci135.21143.37148.41156.58164.74169.78177.95


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

Technical indicators
Moving averages

RSI (14): 40.54
MACD (12,26,9): -7.5400
Directional Movement: -11.56
AROON (14): 50.00
DEMA (21): 146.49
Parabolic SAR (0,02-0,02-0,2): 166.27
Elder Ray (13): -6.73
Super Trend (3,10): 176.65
Zig ZAG (10): 149.57
VORTEX (21): 0.9400
Stochastique (14,3,5): 34.96
TEMA (21): 148.78
Williams %R (14): -68.67
Chande Momentum Oscillator (20): 5.37
Repulse (5,40,3): -4.2200
ROCnROLL: 2
TRIX (15,9): -0.8400
Courbe Coppock: 3.76
MA7: 155.64
MA20: 153.05
MA50: 187.76
MA100: 184.97
MAexp7: 152.83
MAexp20: 158.03
MAexp50: 173.03
MAexp100: 180.15
Price / MA7: -4.34%
Price / MA20: -2.72%
Price / MA50: -20.71%
Price / MA100: -19.51%
Price / MAexp7: -2.58%
Price / MAexp20: -5.79%
Price / MAexp50: -13.96%
Price / MAexp100: -17.36%

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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