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
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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:
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:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 130.47 | 137.61 | 141.64 | 148.78 | 152.81 | 159.95 | 163.98 |
Camarilla | 142.61 | 143.63 | 144.66 | 145.68 | 146.70 | 147.73 | 148.75 |
Woodie | 128.93 | 136.83 | 140.10 | 148.00 | 151.27 | 159.17 | 162.44 |
Fibonacci | 137.61 | 141.87 | 144.51 | 148.78 | 153.04 | 155.68 | 159.95 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 125.07 | 135.21 | 146.44 | 156.58 | 167.81 | 177.95 | 189.18 |
Camarilla | 151.80 | 153.76 | 155.72 | 157.68 | 159.64 | 161.60 | 163.56 |
Woodie | 125.63 | 135.48 | 147.00 | 156.85 | 168.37 | 178.22 | 189.74 |
Fibonacci | 135.21 | 143.37 | 148.41 | 156.58 | 164.74 | 169.78 | 177.95 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 49.88 | 116.34 | 161.97 | 228.43 | 274.06 | 340.52 | 386.15 |
Camarilla | 176.79 | 187.06 | 197.34 | 207.61 | 217.89 | 228.16 | 238.44 |
Woodie | 39.48 | 111.13 | 151.57 | 223.22 | 263.66 | 335.31 | 375.75 |
Fibonacci | 116.34 | 159.16 | 185.61 | 228.43 | 271.25 | 297.70 | 340.52 |
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 :
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Real time data
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Cryptocompare
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