GRAYSCALE LITECOIN TRUST (LTC) LTCN
GRAYSCALE LITECOIN TRUST (LTC) LTCN
- USD (-)
- 15 min delayed data - NASDAQ OTCBB
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: LTCN
ISIN:

GRAYSCALE LITECOIN TRUST (LTC) LTCN - Daily - Technical analysis published on 05/14/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : IN PROGRESS...

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under
My targets
()
()
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 . The sellers' bearish objective is set at . A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at . 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

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 ErnestMoney. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H

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.

Central Gaps

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:

Central Indicators

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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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


PriceR1R2R3
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
Standard3.153.323.463.633.773.944.08
Camarilla3.523.543.573.603.633.663.69
Woodie3.143.313.453.623.763.934.07
Fibonacci3.323.443.513.633.753.823.94


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.632.382.993.744.355.105.71
Camarilla3.233.353.483.603.733.853.97
Woodie1.562.352.923.714.285.075.64
Fibonacci2.382.903.223.744.264.585.10


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.493.834.505.846.517.858.52
Camarilla4.634.815.005.185.365.555.73
Woodie2.173.664.185.676.197.688.20
Fibonacci3.834.595.075.846.607.087.85

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 : - 15 min delayed data - NASDAQ OTCBB

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

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