LITECOIN - LTC/USDT - Weekly - Technical analysis published on 12/17/2022 (GMT)
- 144
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 92.19 USDT
My targets
57.13 USDT (-9.75%)
42.70 USDT (-32.54%)
My analysis
With a strongly bearish trend, the price of LITECOIN - LTC/USDT is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 92.19 USDT remains possible. It would be possible for traders to only trade short positions (for sale) on LITECOIN - LTC/USDT as long as the price remains well below 92.19 USDT. The next bearish objective for sellers is set at 57.13 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 42.70 USDT.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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 rating is 63.30 USDT. Over 5 days, this instrument lost -17.32% and has been traded over the last 5 days between 62.84 USDT and 79.79 USDT. This implies that the 5 day price is +0.73% from its lowest point and -20.67% from its highest point.62.84
79.79
63.30
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:
Technical
Technical analysis of this Weekly chart of LITECOIN - LTC/USDT indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Weekly
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 42.70 | 63.30 | 107.23 | 177.18 | 279.18 |
| Change (%) | -32.54% | - | +69.40% | +179.91% | +341.04% |
| Change | -20.60 | - | +43.93 | +113.88 | +215.88 |
| Level | Major | - | Minor | 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 | 54.82 | 60.01 | 63.15 | 68.34 | 71.48 | 76.67 | 79.81 |
| Camarilla | 64.00 | 64.76 | 65.53 | 66.29 | 67.05 | 67.82 | 68.58 |
| Woodie | 53.80 | 59.50 | 62.13 | 67.83 | 70.46 | 76.16 | 78.79 |
| Fibonacci | 60.01 | 63.19 | 65.16 | 68.34 | 71.52 | 73.49 | 76.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.89 | 68.74 | 72.56 | 78.41 | 82.23 | 88.08 | 91.90 |
| Camarilla | 73.71 | 74.60 | 75.48 | 76.37 | 77.26 | 78.14 | 79.03 |
| Woodie | 61.87 | 68.23 | 71.54 | 77.90 | 81.21 | 87.57 | 90.88 |
| Fibonacci | 68.74 | 72.44 | 74.72 | 78.41 | 82.11 | 84.39 | 88.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.07 | 35.04 | 57.13 | 70.10 | 92.19 | 105.16 | 127.25 |
| Camarilla | 69.57 | 72.78 | 76.00 | 79.21 | 82.42 | 85.64 | 88.85 |
| Woodie | 26.62 | 37.32 | 61.68 | 72.38 | 96.74 | 107.44 | 131.80 |
| Fibonacci | 35.04 | 48.44 | 56.71 | 70.10 | 83.50 | 91.77 | 105.16 |
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): | 47.08 | |
| MACD (12,26,9): | -2.3900 | |
| Directional Movement: | 3.96 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 59.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.80 | |
| Elder Ray (13): | 6.48 | |
| Super Trend (3,10): | 79.80 | |
| Zig ZAG (10): | 63.39 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 67.95 | |
| TEMA (21): | 69.34 | |
| Williams %R (14): | -57.71 | |
| Chande Momentum Oscillator (20): | 10.81 | |
| Repulse (5,40,3): | -24.9700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.3000 | |
| Courbe Coppock: | 37.47 |
| MA7: | 72.49 | |
| MA20: | 75.68 | |
| MA50: | 68.34 | |
| MA100: | 61.26 | |
| MAexp7: | 67.52 | |
| MAexp20: | 65.08 | |
| MAexp50: | 82.65 | |
| MAexp100: | 99.32 | |
| Price / MA7: | -12.68% | |
| Price / MA20: | -16.36% | |
| Price / MA50: | -7.37% | |
| Price / MA100: | +3.33% | |
| Price / MAexp7: | -6.25% | |
| Price / MAexp20: | -2.74% | |
| Price / MAexp50: | -23.41% | |
| Price / MAexp100: | -36.27% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis LITECOIN - LTC/USDT - Weekly