LITECOIN - LTC/USDT - 15 min. - Technical analysis published on 11/09/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
44%
22%
33%
My opinion
Neutral between 70.42 USDT and 72.26 USDT
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 70.42 USDT. The first resistance is located at 72.26 USDT. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by LITECOIN - LTC/USDT.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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Additional analysis
Quotes
The LITECOIN - LTC/USDT rating is 71.05 USDT. The price registered a decrease of -2.76% on the session and was traded between 70.56 USDT and 76.22 USDT over the period. The price is currently at +0.69% from its lowest and -6.78% from its highest.70.56
76.22
71.05
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of LITECOIN - LTC/USDT indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 60.36 | 66.54 | 68.81 | 71.05 | 71.05 | 73.16 | 74.29 |
| Change (%) | -15.05% | -6.35% | -3.15% | 0% | - | +2.97% | +4.56% |
| Change | -10.69 | -4.51 | -2.24 | 0 | - | +2.11 | +3.24 |
| Level | Major | Minor | Major | Intermediate | - | Intermediate | 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 | 70.42 | 71.44 | 72.26 | 73.28 | 74.10 | 75.12 | 75.94 |
| Camarilla | 72.56 | 72.73 | 72.90 | 73.07 | 73.24 | 73.41 | 73.58 |
| Woodie | 70.31 | 71.39 | 72.15 | 73.23 | 73.99 | 75.07 | 75.83 |
| Fibonacci | 71.44 | 72.15 | 72.58 | 73.28 | 73.99 | 74.42 | 75.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.47 | 65.01 | 67.71 | 69.25 | 71.95 | 73.49 | 76.19 |
| Camarilla | 69.25 | 69.64 | 70.03 | 70.42 | 70.81 | 71.20 | 71.59 |
| Woodie | 64.06 | 65.30 | 68.30 | 69.54 | 72.54 | 73.78 | 76.78 |
| Fibonacci | 65.01 | 66.63 | 67.63 | 69.25 | 70.87 | 71.87 | 73.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.40 | 54.09 | 61.49 | 67.18 | 74.58 | 80.27 | 87.67 |
| Camarilla | 65.30 | 66.50 | 67.70 | 68.90 | 70.10 | 71.30 | 72.50 |
| Woodie | 49.27 | 54.52 | 62.36 | 67.61 | 75.45 | 80.70 | 88.54 |
| Fibonacci | 54.09 | 59.09 | 62.18 | 67.18 | 72.18 | 75.27 | 80.27 |
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): | 52.45 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | -0.89 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 75.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.15 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 74.61 | |
| Zig ZAG (10): | 74.89 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 34.43 | |
| TEMA (21): | 75.08 | |
| Williams %R (14): | -82.42 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -2.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.51 |
| MA7: | 71.98 | |
| MA20: | 69.54 | |
| MA50: | 66.15 | |
| MA100: | 67.94 | |
| MAexp7: | 74.52 | |
| MAexp20: | 74.97 | |
| MAexp50: | 74.65 | |
| MAexp100: | 74.29 | |
| Price / MA7: | -1.29% | |
| Price / MA20: | +2.17% | |
| Price / MA50: | +7.41% | |
| Price / MA100: | +4.58% | |
| Price / MAexp7: | -4.66% | |
| Price / MAexp20: | -5.23% | |
| Price / MAexp50: | -4.82% | |
| Price / MAexp100: | -4.36% |
Quotes :
-
Real time data
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Cryptocompare
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