LITECOIN - LTC/USDT - 1H - Technical analysis published on 09/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 54.31 USDT
My targets
55.91 USDT (+1.65%)
61.50 USDT (+11.81%)
My analysis
LITECOIN - LTC/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 54.31 USDT. The next resistance located at 55.91 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 61.50 USDT. After this resistance, buyers could then target 63.59 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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Additional analysis
Quotes
LITECOIN - LTC/USDT rating 55.00 USDT. The price has increased by +2.88% since the last closing with the lowest point at 53.31 USDT and the highest point at 55.38 USDT. The deviation from the price is +3.17% for the low point and -0.69% for the high point.53.31
55.38
55.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USDT:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this LITECOIN - LTC/USDT chart shows a strongly bullish trend. 85.71% 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 market scanner currently does not detect any result that concerns moving averages.
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 : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 53.74 | 54.31 | 54.75 | 55.00 | 55.91 | 63.59 | 107.23 |
| Change (%) | -2.29% | -1.25% | -0.45% | - | +1.65% | +15.62% | +94.96% |
| Change | -1.26 | -0.69 | -0.25 | - | +0.91 | +8.59 | +52.23 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 50.53 | 51.22 | 52.34 | 53.03 | 54.15 | 54.84 | 55.96 |
| Camarilla | 52.96 | 53.13 | 53.29 | 53.46 | 53.63 | 53.79 | 53.96 |
| Woodie | 50.75 | 51.33 | 52.56 | 53.14 | 54.37 | 54.95 | 56.18 |
| Fibonacci | 51.22 | 51.91 | 52.34 | 53.03 | 53.72 | 54.15 | 54.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.06 | 46.10 | 49.76 | 53.80 | 57.46 | 61.50 | 65.16 |
| Camarilla | 51.31 | 52.02 | 52.72 | 53.43 | 54.14 | 54.84 | 55.55 |
| Woodie | 41.88 | 46.01 | 49.58 | 53.71 | 57.28 | 61.41 | 64.98 |
| Fibonacci | 46.10 | 49.04 | 50.86 | 53.80 | 56.74 | 58.56 | 61.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.87 | 43.35 | 48.59 | 57.07 | 62.31 | 70.79 | 76.03 |
| Camarilla | 50.06 | 51.32 | 52.57 | 53.83 | 55.09 | 56.35 | 57.60 |
| Woodie | 33.25 | 42.54 | 46.97 | 56.26 | 60.69 | 69.98 | 74.41 |
| Fibonacci | 43.35 | 48.59 | 51.83 | 57.07 | 62.31 | 65.55 | 70.79 |
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): | 66.75 | |
| MACD (12,26,9): | 0.5000 | |
| Directional Movement: | 17.90 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 54.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.94 | |
| Elder Ray (13): | 0.64 | |
| Super Trend (3,10): | 53.49 | |
| Zig ZAG (10): | 55.06 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 87.48 | |
| TEMA (21): | 55.12 | |
| Williams %R (14): | -12.79 | |
| Chande Momentum Oscillator (20): | 1.91 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 6.63 |
| MA7: | 53.47 | |
| MA20: | 56.38 | |
| MA50: | 57.30 | |
| MA100: | 56.36 | |
| MAexp7: | 54.77 | |
| MAexp20: | 54.09 | |
| MAexp50: | 53.75 | |
| MAexp100: | 53.71 | |
| Price / MA7: | +2.86% | |
| Price / MA20: | -2.45% | |
| Price / MA50: | -4.01% | |
| Price / MA100: | -2.41% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +1.68% | |
| Price / MAexp50: | +2.33% | |
| Price / MAexp100: | +2.40% |
Quotes :
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Real time data
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