LITECOIN - LTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LTCUSDT
ISIN:

LITECOIN - LTC/USDT - Daily - Technical analysis published on 09/30/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

50%

44%

My opinion

Bearish under 57.07 USDT

My targets

51.20 USDT (-5.83%)

42.70 USDT (-21.46%)

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 57.07 USDT. The sellers' bearish objective is set at 51.20 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 42.70 USDT.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

3.2

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The LITECOIN - LTC/USDT price is 54.37 USDT. On the day, this instrument gained +0.76% with the lowest point at 53.11 USDT and the highest point at 55.08 USDT. The deviation from the price is +2.37% for the low point and -1.29% for the high point.

53.11

55.08

54.37

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Daily of this LITECOIN - LTC/USDT chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	42.70	51.20	54.37	63.59	95.83	107.23
Change (%)	-21.46%	-5.83%	-	+16.96%	+76.26%	+97.22%
Change	-11.67	-3.17	-	+9.22	+41.46	+52.86
Level	Major	Major	-	Major	Minor	Minor

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	50.97	51.61	52.79	53.43	54.61	55.25	56.43
Camarilla	53.46	53.63	53.79	53.96	54.13	54.29	54.46
Woodie	51.23	51.75	53.05	53.57	54.87	55.39	56.69
Fibonacci	51.61	52.31	52.74	53.43	54.13	54.56	55.25

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	47.97
MACD (12,26,9):	-1.1400
Directional Movement:	3.71
AROON (14):	-14.29
DEMA (21):	53.28
Parabolic SAR (0,02-0,02-0,2):	58.33
Elder Ray (13):	-0.04
Super Trend (3,10):	62.67
Zig ZAG (10):	54.48
VORTEX (21):	0.9400
Stochastique (14,3,5):	42.69
TEMA (21):	52.68
Williams %R (14):	-48.06
Chande Momentum Oscillator (20):	1.78
Repulse (5,40,3):	3.5700
ROCnROLL:	-1
TRIX (15,9):	-0.3000
Courbe Coppock:	13.98

MA7:	53.39
MA20:	55.23
MA50:	56.84
MA100:	56.37
MAexp7:	53.72
MAexp20:	54.75
MAexp50:	56.27
MAexp100:	59.77
Price / MA7:	+1.84%
Price / MA20:	-1.56%
Price / MA50:	-4.35%
Price / MA100:	-3.55%
Price / MAexp7:	+1.21%
Price / MAexp20:	-0.69%
Price / MAexp50:	-3.38%
Price / MAexp100:	-9.03%

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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