LITECOIN - LTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LTCUSDT
ISIN:

LITECOIN - LTC/USDT - Weekly - Technical analysis published on 11/20/2022 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 67.96 USDT

My targets

53.70 USDT (-12.76%)

42.70 USDT (-30.64%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 67.96 USDT remains possible. It is advisable to trade LITECOIN - LTC/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 67.96 USDT. The next bearish objective for sellers is set at 53.70 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 42.70 USDT. PS: if there is a bullish break in the resistance located at 67.96 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.4

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

LITECOIN - LTC/USDT rating 61.56 USDT. The price registered an increase of +8.59% over 5 days and has been traded over the last 5 days between 56.83 USDT and 64.68 USDT. This implies that the 5 day price is +8.32% from its lowest point and -4.82% from its highest point.

56.83

64.68

61.56

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Weekly of this LITECOIN - LTC/USDT chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near resistance of triangle

Type : Bearish

Timeframe : Weekly

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	42.70	61.56	107.23	177.18	279.18
Change (%)	-30.64%	-	+74.19%	+187.82%	+353.51%
Change	-18.86	-	+45.67	+115.62	+217.62
Level	Major	-	Intermediate	Minor	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	59.23	60.35	62.16	63.28	65.09	66.21	68.02
Camarilla	63.15	63.42	63.69	63.96	64.23	64.50	64.77
Woodie	59.57	60.52	62.50	63.45	65.43	66.38	68.36
Fibonacci	60.35	61.47	62.16	63.28	64.40	65.09	66.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45.94	49.73	56.84	60.63	67.74	71.53	78.64
Camarilla	60.96	61.96	62.96	63.96	64.96	65.96	66.96
Woodie	47.61	50.56	58.51	61.46	69.41	72.36	80.31
Fibonacci	49.73	53.89	56.46	60.63	64.79	67.36	71.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.75	44.63	49.82	53.70	58.89	62.77	67.96
Camarilla	52.51	53.34	54.17	55.00	55.83	56.66	57.49
Woodie	41.40	44.96	50.47	54.03	59.54	63.10	68.61
Fibonacci	44.63	48.10	50.24	53.70	57.17	59.31	62.77

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):	46.52
MACD (12,26,9):	-6.4200
Directional Movement:	0.59
AROON (14):	0
DEMA (21):	50.38
Parabolic SAR (0,02-0,02-0,2):	72.94
Elder Ray (13):	3.73
Super Trend (3,10):	79.80
Zig ZAG (10):	61.01
VORTEX (21):	1.0600
Stochastique (14,3,5):	51.30
TEMA (21):	58.61
Williams %R (14):	-47.43
Chande Momentum Oscillator (20):	0.29
Repulse (5,40,3):	4.0800
ROCnROLL:	-1
TRIX (15,9):	-1.9400
Courbe Coppock:	2.56

MA7:	60.39
MA20:	61.04
MA50:	56.31
MA100:	56.47
MAexp7:	59.79
MAexp20:	61.53
MAexp50:	83.51
MAexp100:	100.87
Price / MA7:	+1.94%
Price / MA20:	+0.85%
Price / MA50:	+9.32%
Price / MA100:	+9.01%
Price / MAexp7:	+2.96%
Price / MAexp20:	+0.05%
Price / MAexp50:	-26.28%
Price / MAexp100:	-38.97%

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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