LITECOIN - LTC/USD - 1H - Technical analysis published on 07/01/2020 (GMT)
- Who voted?
- 116
- 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 : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 41.36 USD
My targets
42.21 USD (+0.69%)
42.89 USD (+2.31%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LITECOIN - LTC/USD as long as the price remains well above 41.36 USD. The buyers” bullish objective is set at 42.21 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 42.89 USD. If there is any crossing, the next objective would be the resistance located at 43.50 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
7
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
The LITECOIN - LTC/USD price is 41.92 USD. The price has increased by +1.72% since the last closing and was traded between 40.99 USD and 42.02 USD over the period. The price is currently at +2.27% from its lowest and -0.24% from its highest.40.99
42.02
41.92
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
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. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 39.11 | 40.75 | 41.36 | 41.92 | 42.21 | 42.89 | 43.50 |
| Change (%) | -6.70% | -2.79% | -1.34% | - | +0.69% | +2.31% | +3.77% |
| Change | -2.81 | -1.17 | -0.56 | - | +0.29 | +0.97 | +1.58 |
| Level | Minor | Intermediate | Minor | - | 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 | 39.38 | 40.06 | 40.64 | 41.32 | 41.90 | 42.58 | 43.16 |
| Camarilla | 40.86 | 40.98 | 41.10 | 41.21 | 41.33 | 41.44 | 41.56 |
| Woodie | 39.32 | 40.04 | 40.58 | 41.30 | 41.84 | 42.56 | 43.10 |
| Fibonacci | 40.06 | 40.55 | 40.84 | 41.32 | 41.81 | 42.10 | 42.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.03 | 36.07 | 38.57 | 41.61 | 44.11 | 47.15 | 49.65 |
| Camarilla | 39.55 | 40.05 | 40.56 | 41.07 | 41.58 | 42.09 | 42.59 |
| Woodie | 32.76 | 35.94 | 38.30 | 41.48 | 43.84 | 47.02 | 49.38 |
| Fibonacci | 36.07 | 38.19 | 39.49 | 41.61 | 43.73 | 45.03 | 47.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.14 | 32.62 | 36.92 | 43.40 | 47.70 | 54.18 | 58.48 |
| Camarilla | 38.25 | 39.23 | 40.22 | 41.21 | 42.20 | 43.19 | 44.17 |
| Woodie | 25.04 | 32.08 | 35.82 | 42.86 | 46.60 | 53.64 | 57.38 |
| Fibonacci | 32.62 | 36.74 | 39.29 | 43.40 | 47.52 | 50.07 | 54.18 |
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): | 64.88 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | 12.62 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 41.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.48 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 41.29 | |
| Zig ZAG (10): | 41.86 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 84.83 | |
| TEMA (21): | 41.81 | |
| Williams %R (14): | -18.39 | |
| Chande Momentum Oscillator (20): | 0.36 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.25 |
| MA7: | 41.83 | |
| MA20: | 43.11 | |
| MA50: | 44.21 | |
| MA100: | 43.64 | |
| MAexp7: | 41.74 | |
| MAexp20: | 41.55 | |
| MAexp50: | 41.46 | |
| MAexp100: | 41.58 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | -2.76% | |
| Price / MA50: | -5.18% | |
| Price / MA100: | -3.94% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | +0.89% | |
| Price / MAexp50: | +1.11% | |
| Price / MAexp100: | +0.82% |
Quotes :
2020-07-01 17:29:17
-
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 - 1H