LITECOIN - LTC/USDT - 1H - Technical analysis published on 09/30/2022 (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 54.03 USDT
My targets
55.47 USDT (+1.71%)
55.91 USDT (+2.51%)
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 54.03 USDT. The next resistance located at 55.47 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 55.91 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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Additional analysis
Quotes
The LITECOIN - LTC/USDT price is 54.54 USDT. The price has increased by +1.08% since the last closing with the lowest point at 53.11 USDT and the highest point at 55.08 USDT. The deviation from the price is +2.69% for the low point and -0.98% for the high point.53.11
55.08
54.54
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this LITECOIN - LTC/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.25 | 53.20 | 54.03 | 54.54 | 54.75 | 55.47 | 55.91 |
| Change (%) | -4.20% | -2.46% | -0.94% | - | +0.39% | +1.71% | +2.51% |
| Change | -2.29 | -1.34 | -0.51 | - | +0.21 | +0.93 | +1.37 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.74 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 11.72 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 54.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.26 | |
| Elder Ray (13): | 0.38 | |
| Super Trend (3,10): | 53.05 | |
| Zig ZAG (10): | 54.52 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 69.54 | |
| TEMA (21): | 54.29 | |
| Williams %R (14): | -26.40 | |
| Chande Momentum Oscillator (20): | 0.84 | |
| Repulse (5,40,3): | 0.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.32 |
| MA7: | 53.40 | |
| MA20: | 55.22 | |
| MA50: | 56.84 | |
| MA100: | 56.37 | |
| MAexp7: | 54.21 | |
| MAexp20: | 53.91 | |
| MAexp50: | 53.65 | |
| MAexp100: | 53.50 | |
| Price / MA7: | +2.13% | |
| Price / MA20: | -1.23% | |
| Price / MA50: | -4.05% | |
| Price / MA100: | -3.25% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +1.17% | |
| Price / MAexp50: | +1.66% | |
| Price / MAexp100: | +1.94% |
Quotes :
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Real time data
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Cryptocompare
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