LITECOIN - LTC/USD - 1H - Technical analysis published on 06/17/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 44.07 USD
My targets
45.38 USD (+2.25%)
46.51 USD (+4.80%)
My analysis
LITECOIN - LTC/USD 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 44.07 USD. The next resistance located at 45.38 USD is the next bullish target 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 46.51 USD. After this resistance, buyers could then target 47.13 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LITECOIN - LTC/USD price is 44.38 USD. The price has increased by +1.16% since the last closing and was between 43.45 USD and 44.97 USD. This implies that the price is at +2.14% from its lowest and at -1.31% from its highest.43.45
44.97
44.38
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LITECOIN - LTC/USD in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced 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.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.77 | 43.45 | 44.07 | 44.38 | 45.38 | 46.51 | 47.13 |
| Change (%) | -3.63% | -2.10% | -0.70% | - | +2.25% | +4.80% | +6.20% |
| Change | -1.61 | -0.93 | -0.31 | - | +1.00 | +2.13 | +2.75 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.66 | 43.05 | 43.46 | 43.85 | 44.26 | 44.65 | 45.06 |
| Camarilla | 43.65 | 43.72 | 43.80 | 43.87 | 43.94 | 44.02 | 44.09 |
| Woodie | 42.67 | 43.06 | 43.47 | 43.86 | 44.27 | 44.66 | 45.07 |
| Fibonacci | 43.05 | 43.36 | 43.54 | 43.85 | 44.16 | 44.34 | 44.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.79 | 40.06 | 42.60 | 44.87 | 47.41 | 49.68 | 52.22 |
| Camarilla | 43.83 | 44.27 | 44.71 | 45.15 | 45.59 | 46.03 | 46.47 |
| Woodie | 37.94 | 40.13 | 42.75 | 44.94 | 47.56 | 49.75 | 52.37 |
| Fibonacci | 40.06 | 41.89 | 43.03 | 44.87 | 46.70 | 47.84 | 49.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.76 | 34.62 | 40.13 | 44.99 | 50.50 | 55.36 | 60.87 |
| Camarilla | 42.78 | 43.73 | 44.68 | 45.63 | 46.58 | 47.53 | 48.48 |
| Woodie | 30.08 | 34.78 | 40.45 | 45.15 | 50.82 | 55.52 | 61.19 |
| Fibonacci | 34.62 | 38.59 | 41.03 | 44.99 | 48.96 | 51.40 | 55.36 |
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): | 57.07 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 16.66 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 44.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 43.84 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 43.88 | |
| Zig ZAG (10): | 44.42 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 67.66 | |
| TEMA (21): | 44.54 | |
| Williams %R (14): | -38.16 | |
| Chande Momentum Oscillator (20): | 0.86 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.28 |
| MA7: | 44.22 | |
| MA20: | 45.78 | |
| MA50: | 45.21 | |
| MA100: | 42.97 | |
| MAexp7: | 44.46 | |
| MAexp20: | 44.16 | |
| MAexp50: | 43.96 | |
| MAexp100: | 44.06 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | -3.06% | |
| Price / MA50: | -1.84% | |
| Price / MA100: | +3.28% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +0.96% | |
| Price / MAexp100: | +0.73% |
Quotes :
2020-06-17 14:20:14
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Real time data
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