LITECOIN - LTC/USD - Weekly - Technical analysis published on 06/23/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 49.49 USD
My targets
40.13 USD (-8.93%)
34.62 USD (-21.42%)
My analysis
The bearish trend is currently very strong for LITECOIN - LTC/USD. As long as the price remains below the resistance at 49.49 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 40.13 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 34.62 USD as an objective. Crossing it would then enable sellers to target 29.76 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LITECOIN - LTC/USD rating 44.06 USD. The price registered an increase of +0.07% over 5 days and has been traded over the last 5 days between 42.38 USD and 43.81 USD. This implies that the 5 day price is +3.96% from its lowest point and +0.57% from its highest point.42.38
43.81
44.06
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this LITECOIN - LTC/USD chart shows a sharp 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 44.06 | 49.49 | 141.26 | 229.38 |
| Change (%) | - | +12.32% | +220.61% | +420.61% |
| Change | - | +5.43 | +97.20 | +185.32 |
| Level | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.62 | 42.28 | 43.33 | 43.99 | 45.04 | 45.70 | 46.75 |
| Camarilla | 43.91 | 44.07 | 44.22 | 44.38 | 44.54 | 44.69 | 44.85 |
| Woodie | 41.82 | 42.38 | 43.53 | 44.09 | 45.24 | 45.80 | 46.95 |
| Fibonacci | 42.28 | 42.93 | 43.34 | 43.99 | 44.64 | 45.05 | 45.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.41 | 40.08 | 41.82 | 43.49 | 45.23 | 46.90 | 48.64 |
| Camarilla | 42.63 | 42.95 | 43.26 | 43.57 | 43.88 | 44.20 | 44.51 |
| Woodie | 38.46 | 40.10 | 41.87 | 43.51 | 45.28 | 46.92 | 48.69 |
| Fibonacci | 40.08 | 41.38 | 42.18 | 43.49 | 44.79 | 45.59 | 46.90 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.11 | |
| MACD (12,26,9): | -3.6400 | |
| Directional Movement: | -5.94 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 42.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.90 | |
| Elder Ray (13): | -2.24 | |
| Super Trend (3,10): | 65.71 | |
| Zig ZAG (10): | 44.06 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 60.52 | |
| TEMA (21): | 43.20 | |
| Williams %R (14): | -41.94 | |
| Chande Momentum Oscillator (20): | 3.26 | |
| Repulse (5,40,3): | 1.7900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.1100 | |
| Courbe Coppock: | 9.64 |
| MA7: | 43.59 | |
| MA20: | 44.85 | |
| MA50: | 44.70 | |
| MA100: | 43.21 | |
| MAexp7: | 44.96 | |
| MAexp20: | 47.75 | |
| MAexp50: | 55.62 | |
| MAexp100: | 62.12 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | -1.76% | |
| Price / MA50: | -1.43% | |
| Price / MA100: | +1.97% | |
| Price / MAexp7: | -2.00% | |
| Price / MAexp20: | -7.73% | |
| Price / MAexp50: | -20.78% | |
| Price / MAexp100: | -29.07% |
Quotes :
2020-06-23 11:55:35
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Real time data
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