LITECOIN - LTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LTCUSDT
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LITECOIN - LTC/USDT - Weekly - Technical analysis published on 02/06/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

83%

11%

My opinion

Bullish above 80.19 USDT

My targets

107.23 USDT (+11.41%)

133.35 USDT (+38.55%)

My analysis

The strong short-term increase in LITECOIN - LTC/USDT calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 80.19 USDT, you could consider taking advantage of the short-term movement. The first bullish objective is located at 107.23 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 133.35 USDT as an objective. Crossing it would then enable buyers to target 177.18 USDT. Caution, a return under 80.19 USDT could jeopardize the reversal.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.9

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 Hungary22. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The LITECOIN - LTC/USDT price is 96.25 USDT. The price is up +2.27% over 5 days and has been traded over the last 5 days between 95.59 USDT and 102.05 USDT. This implies that the 5 day price is +0.69% from its lowest point and -5.68% from its highest point.

95.59

102.05

96.25

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USDT:

Technical

A technical analysis in Weekly of this LITECOIN - LTC/USDT chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Weekly

Bearish harami cross

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	42.70	80.19	96.25	107.23	177.18	279.18
Change (%)	-55.64%	-16.69%	-	+11.41%	+84.08%	+190.06%
Change	-53.55	-16.06	-	+10.98	+80.93	+182.93
Level	Intermediate	Intermediate	-	Minor	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	90.78	92.84	94.73	96.79	98.68	100.74	102.63
Camarilla	95.53	95.90	96.26	96.62	96.98	97.34	97.71
Woodie	90.70	92.80	94.65	96.75	98.60	100.70	102.55
Fibonacci	92.84	94.35	95.28	96.79	98.30	99.23	100.74

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.54	83.29	90.89	96.64	104.24	109.99	117.59
Camarilla	94.81	96.03	97.26	98.48	99.70	100.93	102.15
Woodie	78.46	83.75	91.81	97.10	105.16	110.45	118.51
Fibonacci	83.29	88.39	91.54	96.64	101.74	104.89	109.99

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.67	58.36	76.23	86.92	104.79	115.48	133.35
Camarilla	86.26	88.87	91.49	94.11	96.73	99.35	101.96
Woodie	51.27	60.16	79.83	88.72	108.39	117.28	136.95
Fibonacci	58.36	69.27	76.01	86.92	97.83	104.57	115.48

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):	63.98
MACD (12,26,9):	6.2200
Directional Movement:	17.94
AROON (14):	85.72
DEMA (21):	82.86
Parabolic SAR (0,02-0,02-0,2):	68.91
Elder Ray (13):	15.03
Super Trend (3,10):	64.79
Zig ZAG (10):	96.06
VORTEX (21):	1.1900
Stochastique (14,3,5):	91.89
TEMA (21):	95.93
Williams %R (14):	-11.46
Chande Momentum Oscillator (20):	34.06
Repulse (5,40,3):	10.7800
ROCnROLL:	1
TRIX (15,9):	0.4400
Courbe Coppock:	100.75

MA7:	97.73
MA20:	91.78
MA50:	81.52
MA100:	75.03
MAexp7:	88.91
MAexp20:	77.55
MAexp50:	83.67
MAexp100:	97.04
Price / MA7:	-1.51%
Price / MA20:	+4.87%
Price / MA50:	+18.07%
Price / MA100:	+28.28%
Price / MAexp7:	+8.26%
Price / MAexp20:	+24.11%
Price / MAexp50:	+15.04%
Price / MAexp100:	-0.81%

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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