LITECOIN - LTC/ETH

- ETH (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	LTCETH
ISIN:

LITECOIN - LTC/ETH - Weekly - Technical analysis published on 02/10/2021 (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

28%

39%

33%

My opinion

Bearish under 0.126724 ETH

My targets

0.086174 ETH (-18.08%)

0.067257 ETH (-36.06%)

My analysis

The bearish trend is currently very strong for LITECOIN - LTC/ETH. As long as the price remains below the resistance at 0.126724 ETH, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.086174 ETH. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.067257 ETH as an objective. Crossing it would then enable sellers to target 0.036089 ETH. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.4

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 0.105194 ETH. The price registered an increase of +15.64% over 5 days and has been traded over the last 5 days between 0.089311 ETH and 0.097735 ETH. This implies that the 5 day price is +17.78% from its lowest point and +7.63% from its highest point.

0.089311

0.097735

0.105194

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 this Weekly chart of LITECOIN - LTC/ETH indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

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

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.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.105194	0.207146	0.300262	0.385100
Change (%)	-	+96.92%	+185.44%	+266.09%
Change	-	+0.101952	+0.195068	+0.279906
Level	-	Intermediate	Minor	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	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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	37.67
MACD (12,26,9):	-0.0181
Directional Movement:	-8.263336
AROON (14):	-35.714283
DEMA (21):	0.112039
Parabolic SAR (0,02-0,02-0,2):	0.182495
Elder Ray (13):	-0.029113
Super Trend (3,10):	0.168816
Zig ZAG (10):	0.101535
VORTEX (21):	0.9312
Stochastique (14,3,5):	5.64
TEMA (21):	0.115681
Williams %R (14):	-88.20
Chande Momentum Oscillator (20):	-0.055319
Repulse (5,40,3):	-13.3946
ROCnROLL:	2
TRIX (15,9):	-1.2122
Courbe Coppock:	22.81

MA7:	0.095757
MA20:	0.098517
MA50:	0.128831
MA100:	0.137128
MAexp7:	0.115984
MAexp20:	0.135915
MAexp50:	0.177372
MAexp100:	0.222172
Price / MA7:	+9.86%
Price / MA20:	+6.78%
Price / MA50:	-18.35%
Price / MA100:	-23.29%
Price / MAexp7:	-9.30%
Price / MAexp20:	-22.60%
Price / MAexp50:	-40.69%
Price / MAexp100:	-52.65%

Quotes : 2021-02-10 02:51:37 - Real time data - Cryptocompare

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

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