LITECOIN - LTC/USD - 1H - Technical analysis published on 07/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 41.84 USD
My targets
42.91 USD (+0.70%)
43.92 USD (+3.07%)
My analysis
The bullish trend is currently very strong on LITECOIN - LTC/USD. As long as the price remains above the support at 41.84 USD, you could try to benefit from the boom. The first bullish objective is located at 42.91 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 43.92 USD as an objective. Crossing it would then enable buyers to target 44.66 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.1
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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 42.61 USD. On the day, this instrument lost -0.16% and was between 42.49 USD and 42.80 USD. This implies that the price is at +0.28% from its lowest and at -0.44% from its highest.42.49
42.80
42.61
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 LITECOIN - LTC/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30.10 | 40.89 | 41.84 | 42.61 | 42.91 | 43.92 | 44.66 |
| Change (%) | -29.36% | -4.04% | -1.81% | - | +0.70% | +3.07% | +4.81% |
| Change | -12.51 | -1.72 | -0.77 | - | +0.30 | +1.31 | +2.05 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.23 | 41.60 | 42.14 | 42.51 | 43.05 | 43.42 | 43.96 |
| Camarilla | 42.43 | 42.51 | 42.60 | 42.68 | 42.76 | 42.85 | 42.93 |
| Woodie | 41.32 | 41.64 | 42.23 | 42.55 | 43.14 | 43.46 | 44.05 |
| Fibonacci | 41.60 | 41.95 | 42.16 | 42.51 | 42.86 | 43.07 | 43.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.13 | 38.64 | 40.56 | 43.07 | 44.99 | 47.50 | 49.42 |
| Camarilla | 41.27 | 41.68 | 42.08 | 42.49 | 42.90 | 43.30 | 43.71 |
| Woodie | 35.85 | 38.49 | 40.28 | 42.92 | 44.71 | 47.35 | 49.14 |
| Fibonacci | 38.64 | 40.33 | 41.37 | 43.07 | 44.76 | 45.80 | 47.50 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.16 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 7.64 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 42.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.86 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 42.24 | |
| Zig ZAG (10): | 42.61 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 40.71 | |
| TEMA (21): | 42.65 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.06 |
| MA7: | 42.69 | |
| MA20: | 43.03 | |
| MA50: | 43.85 | |
| MA100: | 44.01 | |
| MAexp7: | 42.59 | |
| MAexp20: | 42.53 | |
| MAexp50: | 42.45 | |
| MAexp100: | 42.52 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.98% | |
| Price / MA50: | -2.83% | |
| Price / MA100: | -3.18% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.21% |
Quotes :
2020-07-20 09:45:31
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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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