LITECOIN - LTC/ETH

- ETH (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	LTCETH
ISIN:

LITECOIN - LTC/ETH - Daily - Technical analysis published on 02/10/2021 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bearish

Technical indicators

61%

11%

28%

My opinion

Bearish under 0.126724 ETH

My targets

0.086174 ETH (-18.08%)

0.067257 ETH (-36.06%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.126724 ETH remains possible. It is advisable to trade LITECOIN - LTC/ETH with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.126724 ETH. The next bearish objective for sellers is set at 0.086174 ETH. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.067257 ETH. In case of crossing, the next objective would be the support located at 0.036089 ETH. PS: if there is a bullish break in the resistance located at 0.126724 ETH we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.3

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 teodorassenov69. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The LITECOIN - LTC/ETH price is 0.105192 ETH. The price registered an increase of +2.12% on the session with the lowest point at 0.099900 ETH and the highest point at 0.106806 ETH. The deviation from the price is +5.30% for the low point and -1.51% for the high point.

0.099900

0.106806

0.105192

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

A technical analysis in Daily of this LITECOIN - LTC/ETH chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.105192	0.132852	0.155665	0.173011
Change (%)	-	+26.29%	+47.98%	+64.47%
Change	-	+0.027660	+0.050473	+0.067819
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	0.086574	0.090372	0.096690	0.100488	0.106806	0.110604	0.116922
Camarilla	0.100225	0.101152	0.102080	0.103007	0.103934	0.104862	0.105789
Woodie	0.087833	0.091002	0.097949	0.101118	0.108065	0.111234	0.118181
Fibonacci	0.090372	0.094237	0.096624	0.100488	0.104353	0.106740	0.110604

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	44.34
MACD (12,26,9):	-0.0075
Directional Movement:	-2.912537
AROON (14):	28.571427
DEMA (21):	0.090176
Parabolic SAR (0,02-0,02-0,2):	0.087787
Elder Ray (13):	0.003390
Super Trend (3,10):	0.111578
Zig ZAG (10):	0.101569
VORTEX (21):	0.9401
Stochastique (14,3,5):	74.70
TEMA (21):	0.092562
Williams %R (14):	-13.16
Chande Momentum Oscillator (20):	0.004525
Repulse (5,40,3):	6.3561
ROCnROLL:	-1
TRIX (15,9):	-1.2988
Courbe Coppock:	11.00

MA7:	0.095757
MA20:	0.098517
MA50:	0.128831
MA100:	0.137128
MAexp7:	0.098382
MAexp20:	0.101727
MAexp50:	0.117818
MAexp100:	0.129688
Price / MA7:	+9.85%
Price / MA20:	+6.78%
Price / MA50:	-18.35%
Price / MA100:	-23.29%
Price / MAexp7:	+6.92%
Price / MAexp20:	+3.41%
Price / MAexp50:	-10.72%
Price / MAexp100:	-18.89%

Quotes : 2021-02-10 02:50:21 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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