LITECOIN - LTC/ETH - Daily - Technical analysis published on 02/21/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 0.125829 ETH
My targets
0.108713 ETH (-6.60%)
0.090175 ETH (-22.53%)
My analysis
In a bearish trend, the price of LITECOIN - LTC/ETH tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.125829 ETH. A bearish break in the support located at 0.108713 ETH would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.090175 ETH. PS: if there is a bullish break in the resistance located at 0.125829 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
0
10
0
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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 rating is 0.116393 ETH. On the day, this instrument lost -2.02% and was traded between 0.115165 ETH and 0.119632 ETH over the period. The price is currently at +1.07% from its lowest and -2.71% from its highest.0.115165
0.119632
0.116393
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.090175 | 0.108713 | 0.116393 | 0.125829 | 0.155878 | 0.173011 |
| Change (%) | -22.53% | -6.60% | - | +8.11% | +33.92% | +48.64% |
| Change | -0.026218 | -0.007680 | - | +0.009436 | +0.039485 | +0.056618 |
| Level | Major | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.104655 | 0.110394 | 0.114591 | 0.120330 | 0.124527 | 0.130266 | 0.134463 |
| Camarilla | 0.116055 | 0.116965 | 0.117876 | 0.118787 | 0.119698 | 0.120609 | 0.121519 |
| Woodie | 0.103883 | 0.110009 | 0.113819 | 0.119945 | 0.123755 | 0.129881 | 0.133691 |
| Fibonacci | 0.110394 | 0.114190 | 0.116535 | 0.120330 | 0.124126 | 0.126471 | 0.130266 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.096353 | 0.104712 | 0.111749 | 0.120108 | 0.127145 | 0.135504 | 0.142541 |
| Camarilla | 0.114553 | 0.115964 | 0.117376 | 0.118787 | 0.120198 | 0.121610 | 0.123021 |
| Woodie | 0.095693 | 0.104382 | 0.111089 | 0.119778 | 0.126485 | 0.135174 | 0.141881 |
| Fibonacci | 0.104712 | 0.110593 | 0.114226 | 0.120108 | 0.125989 | 0.129622 | 0.135504 |
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): | 53.25 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 13.100224 | |
| AROON (14): | 64.285717 | |
| DEMA (21): | 0.114169 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.110291 | |
| Elder Ray (13): | 0.002708 | |
| Super Trend (3,10): | 0.098336 | |
| Zig ZAG (10): | 0.116500 | |
| VORTEX (21): | 1.1101 | |
| Stochastique (14,3,5): | 73.79 | |
| TEMA (21): | 0.122108 | |
| Williams %R (14): | -33.12 | |
| Chande Momentum Oscillator (20): | 0.013343 | |
| Repulse (5,40,3): | -5.0547 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0213 | |
| Courbe Coppock: | 51.14 |
| MA7: | 0.119327 | |
| MA20: | 0.107372 | |
| MA50: | 0.114748 | |
| MA100: | 0.135190 | |
| MAexp7: | 0.117679 | |
| MAexp20: | 0.112682 | |
| MAexp50: | 0.117801 | |
| MAexp100: | 0.127270 | |
| Price / MA7: | -2.46% | |
| Price / MA20: | +8.40% | |
| Price / MA50: | +1.43% | |
| Price / MA100: | -13.90% | |
| Price / MAexp7: | -1.09% | |
| Price / MAexp20: | +3.29% | |
| Price / MAexp50: | -1.20% | |
| Price / MAexp100: | -8.55% |
Quotes :
2021-02-21 13:24:08
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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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