LITECOIN - LTC/USD - 15 min. - Technical analysis published on 06/25/2020 (GMT)
- Who voted?
- 120
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 43.11 USD
My targets
41.59 USD (-2.30%)
40.67 USD (-4.47%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 43.11 USD remains possible. It is advisable to trade LITECOIN - LTC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 43.11 USD. The next bearish objective for sellers is set at 41.59 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 40.67 USD. In case of crossing, the next objective would be the support located at 39.15 USD. PS: if there is a bullish break in the resistance located at 43.11 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LITECOIN - LTC/USD rating 42.57 USD. The price has increased by +0.12% since the last closing with the lowest point at 41.64 USD and the highest point at 42.93 USD. The deviation from the price is +2.23% for the low point and -0.84% for the high point.41.64
42.93
42.57
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.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 15 min. chart of LITECOIN - LTC/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 30.10 | 42.38 | 42.57 | 42.89 | 43.90 | 44.65 |
| Change (%) | -29.29% | -0.45% | - | +0.75% | +3.12% | +4.89% |
| Change | -12.47 | -0.19 | - | +0.32 | +1.33 | +2.08 |
| Level | Minor | Intermediate | - | Major | Intermediate | Intermediate |
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 | 39.15 | 40.67 | 41.59 | 43.11 | 44.03 | 45.55 | 46.47 |
| Camarilla | 41.85 | 42.07 | 42.30 | 42.52 | 42.74 | 42.97 | 43.19 |
| Woodie | 38.86 | 40.52 | 41.30 | 42.96 | 43.74 | 45.40 | 46.18 |
| Fibonacci | 40.67 | 41.60 | 42.18 | 43.11 | 44.04 | 44.62 | 45.55 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.14 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 8.05 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 42.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.64 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 42.54 | |
| Zig ZAG (10): | 42.78 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 69.81 | |
| TEMA (21): | 42.83 | |
| Williams %R (14): | -34.62 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.45 |
| MA7: | 43.28 | |
| MA20: | 44.39 | |
| MA50: | 44.57 | |
| MA100: | 43.38 | |
| MAexp7: | 42.73 | |
| MAexp20: | 42.67 | |
| MAexp50: | 42.61 | |
| MAexp100: | 42.76 | |
| Price / MA7: | -1.64% | |
| Price / MA20: | -4.10% | |
| Price / MA50: | -4.49% | |
| Price / MA100: | -1.87% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.44% |
Quotes :
2020-06-25 12:09:15
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis LITECOIN - LTC/USD - 15 min.