LITECOIN - LTC/BTC
LITECOIN - LTC/BTC
- BTC (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: LTCBTC
ISIN:

LITECOIN - LTC/BTC - 1H - Technical analysis published on 01/14/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 0.003258 BTC
My targets
0.003416 BTC (+1.94%)
0.003649 BTC (+8.89%)
My analysis
LITECOIN - LTC/BTC is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.003258 BTC. The next resistance located at 0.003416 BTC is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.003649 BTC. After this resistance, buyers could then target 0.003929 BTC. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8

This analysis was given by acruciani. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
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.

Additional analysis

Quotes

The LITECOIN - LTC/BTC price is 0.003351 BTC. The price has increased by +4.43% since the last closing and was between 0.003206 BTC and 0.003444 BTC. This implies that the price is at +4.52% from its lowest and at -2.70% from its highest.

0.003206
0.003444
0.003351

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/BTC:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of LITECOIN - LTC/BTC indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.003143 0.003196 0.003258 0.003351 0.003416 0.003929 0.004334
Change (%) -6.21% -4.63% -2.78% - +1.94% +17.25% +29.33%
Change -0.000208 -0.000155 -0.000093 - +0.000065 +0.000578 +0.000983
Level Minor Major Intermediate - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0030650.0031040.0031560.0031950.0032470.0032860.003338
Camarilla0.0031840.0031920.0032010.0032090.0032170.0032260.003234
Woodie0.0030730.0031070.0031640.0031980.0032550.0032890.003346
Fibonacci0.0031040.0031380.0031600.0031950.0032290.0032510.003286


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0028490.0029490.0030270.0031270.0032050.0033050.003383
Camarilla0.0030560.0030720.0030890.0031050.0031210.0031380.003154
Woodie0.0028380.0029440.0030160.0031220.0031940.0033000.003372
Fibonacci0.0029490.0030170.0030590.0031270.0031950.0032370.003305


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0019830.0024690.0028160.0033020.0036490.0041350.004482
Camarilla0.0029340.0030100.0030870.0031630.0032390.0033160.003392
Woodie0.0019140.0024340.0027470.0032670.0035800.0041000.004413
Fibonacci0.0024690.0027870.0029840.0033020.0036200.0038170.004135

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): 67.60
MACD (12,26,9): 0.0000
Directional Movement: 25.038838
AROON (14): 42.857143
DEMA (21): 0.003352
Parabolic SAR (0,02-0,02-0,2): 0.003310
Elder Ray (13): 0.000024
Super Trend (3,10): 0.003294
Zig ZAG (10): 0.003354
VORTEX (21): 1.2088
Stochastique (14,3,5): 57.69
TEMA (21): 0.003369
Williams %R (14): -42.01
Chande Momentum Oscillator (20): 0.000107
Repulse (5,40,3): 0.3082
ROCnROLL: 1
TRIX (15,9): 0.1629
Courbe Coppock: 6.68
MA7: 0.003161
MA20: 0.003148
MA50: 0.003233
MA100: 0.003318
MAexp7: 0.003343
MAexp20: 0.003299
MAexp50: 0.003239
MAexp100: 0.003193
Price / MA7: +6.01%
Price / MA20: +6.45%
Price / MA50: +3.65%
Price / MA100: +0.99%
Price / MAexp7: +0.24%
Price / MAexp20: +1.58%
Price / MAexp50: +3.46%
Price / MAexp100: +4.95%

Quotes : - Real time data - Cryptocompare

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

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