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

LITECOIN - LTC/USD - 1H - Technical analysis published on 06/20/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 43.30 USD
My targets
42.30 USD (-1.05%)
41.74 USD (-2.36%)
My analysis
LITECOIN - LTC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 43.30 USD. The next support located at 42.30 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 41.74 USD. Below this support, sellers could then target 39.28 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9

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 AKOUSA. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

LITECOIN - LTC/USD rating 42.75 USD. On the day, this instrument gained +0.05% with the lowest point at 42.38 USD and the highest point at 43.12 USD. The deviation from the price is +0.87% for the low point and -0.86% for the high point.

42.38
43.12
42.75

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of LITECOIN - LTC/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 39.28 41.74 42.30 42.75 42.83 43.30 43.87
Change (%) -8.12% -2.36% -1.05% - +0.19% +1.29% +2.62%
Change -3.47 -1.01 -0.45 - +0.08 +0.55 +1.12
Level Intermediate Intermediate Minor - Major Major 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
Standard41.4842.0842.4143.0143.3443.9444.27
Camarilla42.4742.5642.6542.7342.8242.9042.99
Woodie41.3442.0142.2742.9443.2043.8744.13
Fibonacci42.0842.4442.6643.0143.3743.5943.94


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37.7940.0642.6044.8747.4149.6852.22
Camarilla43.8344.2744.7145.1545.5946.0346.47
Woodie37.9440.1342.7544.9447.5649.7552.37
Fibonacci40.0641.8943.0344.8746.7047.8449.68


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard29.7634.6240.1344.9950.5055.3660.87
Camarilla42.7843.7344.6845.6346.5847.5348.48
Woodie30.0834.7840.4545.1550.8255.5261.19
Fibonacci34.6238.5941.0344.9948.9651.4055.36

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): 36.67
MACD (12,26,9): -0.1000
Directional Movement: -29.99
AROON (14): -28.57
DEMA (21): 42.84
Parabolic SAR (0,02-0,02-0,2): 43.02
Elder Ray (13): -0.18
Super Trend (3,10): 43.21
Zig ZAG (10): 42.71
VORTEX (21): 0.9200
Stochastique (14,3,5): 45.95
TEMA (21): 42.79
Williams %R (14): -60.81
Chande Momentum Oscillator (20): -0.43
Repulse (5,40,3): -0.3600
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 0.43
MA7: 43.53
MA20: 45.31
MA50: 44.94
MA100: 42.97
MAexp7: 42.84
MAexp20: 42.97
MAexp50: 43.17
MAexp100: 43.43
Price / MA7: -1.79%
Price / MA20: -5.65%
Price / MA50: -4.87%
Price / MA100: -0.51%
Price / MAexp7: -0.21%
Price / MAexp20: -0.51%
Price / MAexp50: -0.97%
Price / MAexp100: -1.57%

Quotes : 2020-06-20 16:13:55 - Real time data - Cryptocompare

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

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