LITECOIN - LTC/USDT - 1H - Technical analysis published on 05/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 86.47 USDT
My targets
88.48 USDT (+1.04%)
90.98 USDT (+3.89%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LITECOIN - LTC/USDT as long as the price remains well above 86.47 USDT. The buyers' bullish objective is set at 88.48 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 90.98 USDT. If there is any crossing, the next objective would be the resistance located at 97.77 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.4
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Additional analysis
Quotes
LITECOIN - LTC/USDT rating 87.57 USDT. The price registered an increase of +0.78% on the session and was between 86.20 USDT and 89.46 USDT. This implies that the price is at +1.59% from its lowest and at -2.11% from its highest.86.20
89.46
87.57
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
Technical analysis of LITECOIN - LTC/USDT in 1H shows a strongly overall 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 detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
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.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 81.97 | 85.35 | 86.47 | 87.57 | 88.48 | 90.98 | 97.77 |
| Change (%) | -6.39% | -2.54% | -1.26% | - | +1.04% | +3.89% | +11.65% |
| Change | -5.60 | -2.22 | -1.10 | - | +0.91 | +3.41 | +10.20 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | 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 | 76.94 | 79.56 | 83.23 | 85.85 | 89.52 | 92.14 | 95.81 |
| Camarilla | 85.16 | 85.74 | 86.31 | 86.89 | 87.47 | 88.04 | 88.62 |
| Woodie | 77.46 | 79.82 | 83.75 | 86.11 | 90.04 | 92.40 | 96.33 |
| Fibonacci | 79.56 | 81.97 | 83.45 | 85.85 | 88.26 | 89.74 | 92.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.72 | 70.61 | 75.43 | 80.32 | 85.14 | 90.03 | 94.85 |
| Camarilla | 77.58 | 78.47 | 79.36 | 80.25 | 81.14 | 82.03 | 82.92 |
| Woodie | 65.69 | 70.59 | 75.40 | 80.30 | 85.11 | 90.01 | 94.82 |
| Fibonacci | 70.61 | 74.32 | 76.61 | 80.32 | 84.03 | 86.32 | 90.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.66 | 72.97 | 80.56 | 91.87 | 99.46 | 110.77 | 118.36 |
| Camarilla | 82.95 | 84.69 | 86.42 | 88.15 | 89.88 | 91.62 | 93.35 |
| Woodie | 59.80 | 72.04 | 78.70 | 90.94 | 97.60 | 109.84 | 116.50 |
| Fibonacci | 72.97 | 80.19 | 84.65 | 91.87 | 99.09 | 103.55 | 110.77 |
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): | 56.66 | |
| MACD (12,26,9): | 0.6300 | |
| Directional Movement: | 22.16 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 88.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 86.41 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 85.58 | |
| Zig ZAG (10): | 87.53 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 56.44 | |
| TEMA (21): | 87.84 | |
| Williams %R (14): | -59.51 | |
| Chande Momentum Oscillator (20): | -0.55 | |
| Repulse (5,40,3): | -0.8400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 0.02 |
| MA7: | 82.92 | |
| MA20: | 85.21 | |
| MA50: | 89.28 | |
| MA100: | 89.84 | |
| MAexp7: | 87.59 | |
| MAexp20: | 87.24 | |
| MAexp50: | 85.53 | |
| MAexp100: | 83.82 | |
| Price / MA7: | +5.61% | |
| Price / MA20: | +2.77% | |
| Price / MA50: | -1.92% | |
| Price / MA100: | -2.53% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +2.39% | |
| Price / MAexp100: | +4.47% |
Quotes :
-
Real time data
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Cryptocompare
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