LITECOIN - LTC/ETH - Weekly - Technical analysis published on 02/08/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.126724 ETH
My targets
0.067257 ETH (-27.12%)
0.036089 ETH (-60.90%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LITECOIN - LTC/ETH as long as the price remains well below 0.126724 ETH. The sellers” bearish objective is set at 0.067257 ETH. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.036089 ETH. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by teodorassenov69. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LITECOIN - LTC/ETH price is 0.092290 ETH. The price registered a decrease of -1.89% over 5 days and has been traded over the last 5 days between 0.087450 ETH and 0.097735 ETH. This implies that the 5 day price is +5.53% from its lowest point and -5.57% from its highest point.0.087450
0.097735
0.092290
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of LITECOIN - LTC/ETH in Weekly shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.092290 | 0.207146 | 0.300262 | 0.385100 |
| Change (%) | - | +124.45% | +225.35% | +317.27% |
| Change | - | +0.114856 | +0.207972 | +0.292810 |
| Level | - | Intermediate | Minor | Minor |
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 | 0.086915 | 0.089673 | 0.091697 | 0.094455 | 0.096479 | 0.099237 | 0.101261 |
| Camarilla | 0.092406 | 0.092844 | 0.093283 | 0.093721 | 0.094159 | 0.094598 | 0.095036 |
| Woodie | 0.086548 | 0.089490 | 0.091330 | 0.094272 | 0.096112 | 0.099054 | 0.100894 |
| Fibonacci | 0.089673 | 0.091500 | 0.092628 | 0.094455 | 0.096282 | 0.097410 | 0.099237 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.071796 | 0.079623 | 0.086174 | 0.094001 | 0.100552 | 0.108379 | 0.114930 |
| Camarilla | 0.088771 | 0.090089 | 0.091407 | 0.092725 | 0.094043 | 0.095361 | 0.096679 |
| Woodie | 0.071158 | 0.079304 | 0.085536 | 0.093682 | 0.099914 | 0.108060 | 0.114292 |
| Fibonacci | 0.079623 | 0.085115 | 0.088509 | 0.094001 | 0.099493 | 0.102887 | 0.108379 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.023378 | 0.036089 | 0.067257 | 0.126724 | 0.157892 | 0.217359 | 0.248527 |
| Camarilla | 0.073500 | 0.081809 | 0.090117 | 0.098425 | 0.106733 | 0.115041 | 0.123350 |
| Woodie | -0.037528 | 0.029014 | 0.053108 | 0.119649 | 0.143743 | 0.210284 | 0.234378 |
| Fibonacci | 0.036089 | 0.070712 | 0.092101 | 0.126724 | 0.161347 | 0.182736 | 0.217359 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.63 | |
| MACD (12,26,9): | -0.0188 | |
| Directional Movement: | -9.241398 | |
| AROON (14): | -35.714283 | |
| DEMA (21): | 0.110462 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.182495 | |
| Elder Ray (13): | -0.031014 | |
| Super Trend (3,10): | 0.163296 | |
| Zig ZAG (10): | 0.092581 | |
| VORTEX (21): | 0.9316 | |
| Stochastique (14,3,5): | 3.16 | |
| TEMA (21): | 0.113328 | |
| Williams %R (14): | -95.93 | |
| Chande Momentum Oscillator (20): | -0.064790 | |
| Repulse (5,40,3): | -28.1250 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.2237 | |
| Courbe Coppock: | 25.53 |
| MA7: | 0.092543 | |
| MA20: | 0.099402 | |
| MA50: | 0.131716 | |
| MA100: | 0.137861 | |
| MAexp7: | 0.113091 | |
| MAexp20: | 0.135084 | |
| MAexp50: | 0.177031 | |
| MAexp100: | 0.221997 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -7.15% | |
| Price / MA50: | -29.93% | |
| Price / MA100: | -33.06% | |
| Price / MAexp7: | -18.39% | |
| Price / MAexp20: | -31.68% | |
| Price / MAexp50: | -47.87% | |
| Price / MAexp100: | -58.43% |
Quotes :
2021-02-08 11:23:11
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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