LITECOIN - LTC/ETH

- ETH (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	LTCETH
ISIN:

LITECOIN - LTC/ETH - Weekly - Technical analysis published on 04/16/2021 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

33%

22%

44%

My opinion

Bearish under 0.146366 ETH

My targets

0.110278 ETH (-14.46%)

0.090175 ETH (-30.05%)

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 0.146366 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 0.146366 ETH. The next bearish objective for sellers is set at 0.110278 ETH. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.090175 ETH. PS: if there is a bullish break in the resistance located at 0.146366 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 sentiment is not called into question, despite technical indicators being neutral.

Force

3.6

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

LITECOIN - LTC/ETH rating 0.128914 ETH. The price registered an increase of +7.35% over 5 days and was traded between 0.111191 ETH and 0.121937 ETH over the period. The price is currently at +15.94% from its lowest point and +5.72% from its highest point.

0.111191

0.121937

0.128914

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of LITECOIN - LTC/ETH indicates that the overall trend is bearish. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bullish

Timeframe : Weekly

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Weekly

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.090175	0.128914	0.205391	0.300262	0.385100
Change (%)	-30.05%	-	+59.32%	+132.92%	+198.73%
Change	-0.038739	-	+0.076477	+0.171348	+0.256186
Level	Major	-	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	0.104001	0.107152	0.110426	0.113577	0.116851	0.120002	0.123276
Camarilla	0.111933	0.112522	0.113111	0.113700	0.114289	0.114878	0.115467
Woodie	0.104063	0.107183	0.110488	0.113608	0.116913	0.120033	0.123338
Fibonacci	0.107152	0.109606	0.111123	0.113577	0.116031	0.117548	0.120002

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.081047	0.088883	0.104486	0.112322	0.127925	0.135761	0.151364
Camarilla	0.113644	0.115793	0.117941	0.120090	0.122239	0.124387	0.126536
Woodie	0.084932	0.090825	0.108371	0.114264	0.131810	0.137703	0.155249
Fibonacci	0.088883	0.097836	0.103368	0.112322	0.121275	0.126807	0.135761

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.066530	0.083666	0.093142	0.110278	0.119754	0.136890	0.146366
Camarilla	0.095300	0.097739	0.100179	0.102618	0.105057	0.107497	0.109936
Woodie	0.062700	0.081751	0.089312	0.108363	0.115924	0.134975	0.142536
Fibonacci	0.083666	0.093832	0.100112	0.110278	0.120444	0.126724	0.136890

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):	45.40
MACD (12,26,9):	-0.0128
Directional Movement:	-3.165601
AROON (14):	-28.571428
DEMA (21):	0.104682
Parabolic SAR (0,02-0,02-0,2):	0.124272
Elder Ray (13):	0.000115
Super Trend (3,10):	0.166933
Zig ZAG (10):	0.115313
VORTEX (21):	0.9488
Stochastique (14,3,5):	30.91
TEMA (21):	0.109450
Williams %R (14):	-48.31
Chande Momentum Oscillator (20):	0.002830
Repulse (5,40,3):	-1.6530
ROCnROLL:	2
TRIX (15,9):	-1.3330
Courbe Coppock:	40.89

MA7:	0.115895
MA20:	0.108962
MA50:	0.111695
MA100:	0.112065
MAexp7:	0.112820
MAexp20:	0.122973
MAexp50:	0.158470
MAexp100:	0.204874
Price / MA7:	+11.23%
Price / MA20:	+18.31%
Price / MA50:	+15.42%
Price / MA100:	+15.04%
Price / MAexp7:	+14.27%
Price / MAexp20:	+4.83%
Price / MAexp50:	-18.65%
Price / MAexp100:	-37.08%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

Online

Overall rating :

15119

Number of analyses :

73844

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…