LITECOIN - LTC/USD - Daily - Technical analysis published on 07/10/2020 (GMT)
- Who voted?
- 100
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
44%
22%
33%
My opinion
Neutral between 40.87 USD and 48.82 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on LITECOIN - LTC/USD. It is difficult to advise a trading direction under these conditions. The first support is located at 40.87 USD. The first resistance is located at 48.82 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LITECOIN - LTC/USD price is 43.87 USD. The price is lower by -0.18% since the last closing with the lowest point at 43.53 USD and the highest point at 44.58 USD. The deviation from the price is +0.78% for the low point and -1.59% for the high point.43.53
44.58
43.87
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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
Technical analysis of LITECOIN - LTC/USD in Daily shows an overall slightly bearish trend. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 30.10 | 40.87 | 43.87 | 48.82 | 63.31 | 69.48 |
| Change (%) | -31.39% | -6.84% | - | +11.28% | +44.31% | +58.38% |
| Change | -13.77 | -3.00 | - | +4.95 | +19.44 | +25.61 |
| Level | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.75 | 42.18 | 43.06 | 44.49 | 45.37 | 46.80 | 47.68 |
| Camarilla | 43.32 | 43.53 | 43.74 | 43.95 | 44.16 | 44.37 | 44.59 |
| Woodie | 40.49 | 42.04 | 42.80 | 44.35 | 45.11 | 46.66 | 47.42 |
| Fibonacci | 42.18 | 43.06 | 43.60 | 44.49 | 45.37 | 45.91 | 46.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.98 | 2.61 | 3.04 | 3.67 | 4.10 | 4.73 | 5.16 |
| Camarilla | 3.19 | 3.29 | 3.38 | 3.48 | 3.58 | 3.67 | 3.77 |
| Woodie | 1.89 | 2.56 | 2.95 | 3.62 | 4.01 | 4.68 | 5.07 |
| Fibonacci | 2.61 | 3.01 | 3.26 | 3.67 | 4.07 | 4.32 | 4.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.96 | 44.11 | 43.70 | 53.85 | 53.44 | 63.59 | 63.18 |
| Camarilla | 40.62 | 41.51 | 42.41 | 43.30 | 44.19 | 45.09 | 45.98 |
| Woodie | 28.69 | 41.47 | 38.43 | 51.21 | 48.17 | 60.95 | 57.91 |
| Fibonacci | 44.11 | 47.83 | 50.13 | 53.85 | 57.57 | 59.87 | 63.59 |
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): | 49.99 | |
| MACD (12,26,9): | 0.4800 | |
| Directional Movement: | 13.12 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 44.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 43.58 | |
| Elder Ray (13): | -0.38 | |
| Super Trend (3,10): | 55.88 | |
| Zig ZAG (10): | 44.04 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 20.22 | |
| TEMA (21): | 45.33 | |
| Williams %R (14): | -83.19 | |
| Chande Momentum Oscillator (20): | 2.42 | |
| Repulse (5,40,3): | -2.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 14.08 |
| MA7: | 45.64 | |
| MA20: | 43.37 | |
| MA50: | 44.30 | |
| MA100: | 44.15 | |
| MAexp7: | 45.14 | |
| MAexp20: | 44.15 | |
| MAexp50: | 44.16 | |
| MAexp100: | 45.23 | |
| Price / MA7: | -3.88% | |
| Price / MA20: | +1.15% | |
| Price / MA50: | -0.97% | |
| Price / MA100: | -0.63% | |
| Price / MAexp7: | -2.81% | |
| Price / MAexp20: | -0.63% | |
| Price / MAexp50: | -0.66% | |
| Price / MAexp100: | -3.01% |
Quotes :
2020-07-10 15:33:38
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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