GRAYSCALE LITECOIN TRUST (LTC) LTCN - Daily - Technical analysis published on 05/14/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 3.83 USD
My targets
2.99 USD (-16.94%)
2.49 USD (-30.75%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GRAYSCALE LITECOIN TRUST (LTC) LTCN as long as the price remains well below 3.83 USD. The sellers' bearish objective is set at 2.99 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.49 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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This analysis was given by ErnestMoney. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GRAYSCALE LITECOIN TRUST (LTC) LTCN rating is 3.60 USD. The price registered an increase of +6.51% on the session with the lowest point at 3.49 USD and the highest point at 3.80 USD. The deviation from the price is +3.15% for the low point and -5.26% for the high point.3.49
3.80
3.60
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GRAYSCALE LITECOIN TRUST (LTC) LTCN:
Technical
Technical analysis of GRAYSCALE LITECOIN TRUST (LTC) LTCN in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.60 | 5.32 | 13.13 | 17.65 |
| Change (%) | - | +47.78% | +264.72% | +390.28% |
| Change | - | +1.72 | +9.53 | +14.05 |
| Level | - | 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 | 3.15 | 3.32 | 3.46 | 3.63 | 3.77 | 3.94 | 4.08 |
| Camarilla | 3.52 | 3.54 | 3.57 | 3.60 | 3.63 | 3.66 | 3.69 |
| Woodie | 3.14 | 3.31 | 3.45 | 3.62 | 3.76 | 3.93 | 4.07 |
| Fibonacci | 3.32 | 3.44 | 3.51 | 3.63 | 3.75 | 3.82 | 3.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.63 | 2.38 | 2.99 | 3.74 | 4.35 | 5.10 | 5.71 |
| Camarilla | 3.23 | 3.35 | 3.48 | 3.60 | 3.73 | 3.85 | 3.97 |
| Woodie | 1.56 | 2.35 | 2.92 | 3.71 | 4.28 | 5.07 | 5.64 |
| Fibonacci | 2.38 | 2.90 | 3.22 | 3.74 | 4.26 | 4.58 | 5.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.49 | 3.83 | 4.50 | 5.84 | 6.51 | 7.85 | 8.52 |
| Camarilla | 4.63 | 4.81 | 5.00 | 5.18 | 5.36 | 5.55 | 5.73 |
| Woodie | 2.17 | 3.66 | 4.18 | 5.67 | 6.19 | 7.68 | 8.20 |
| Fibonacci | 3.83 | 4.59 | 5.07 | 5.84 | 6.60 | 7.08 | 7.85 |
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): | 28.74 | |
| MACD (12,26,9): | -0.6300 | |
| Directional Movement: | -23.35 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 4.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.24 | |
| Elder Ray (13): | -0.79 | |
| Super Trend (3,10): | 4.89 | |
| Zig ZAG (10): | 3.49 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 9.10 | |
| TEMA (21): | 3.68 | |
| Williams %R (14): | -84.50 | |
| Chande Momentum Oscillator (20): | -1.72 | |
| Repulse (5,40,3): | -18.5100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.1000 | |
| Courbe Coppock: | 55.41 |
| MA7: | 4.07 | |
| MA20: | 4.99 | |
| MA50: | 5.71 | |
| MA100: | 6.43 | |
| MAexp7: | 3.99 | |
| MAexp20: | 4.78 | |
| MAexp50: | 5.71 | |
| MAexp100: | 11.03 | |
| Price / MA7: | -11.55% | |
| Price / MA20: | -27.86% | |
| Price / MA50: | -36.95% | |
| Price / MA100: | -44.01% | |
| Price / MAexp7: | -9.77% | |
| Price / MAexp20: | -24.69% | |
| Price / MAexp50: | -36.95% | |
| Price / MAexp100: | -67.36% |
Quotes :
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15 min delayed data
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NASDAQ OTCBB
This member declared not having a position on this financial instrument or a related financial instrument.
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