LITECOIN - LTC/USD - Weekly - Technical analysis published on 08/01/2020 (GMT)
- Who voted?
- 152
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 48.82 USD
My targets
83.74 USD (+35.63%)
141.26 USD (+128.80%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on LITECOIN - LTC/USD as long as the price remains well above 48.82 USD. The buyers” bullish objective is set at 83.74 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 141.26 USD. If there is any crossing, the next objective would be the resistance located at 229.38 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5
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 lokisynz1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LITECOIN - LTC/USD rating is 61.74 USD. The price is up +28.28% over 5 days and was traded between 51.74 USD and 58.56 USD over the period. The price is currently at +19.33% from its lowest point and +5.43% from its highest point.51.74
58.56
61.74
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USD:
Technical
Technical analysis of LITECOIN - LTC/USD in Weekly shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Weekly
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 48.82 | 61.74 | 141.26 | 229.38 | 357.51 |
| Change (%) | -20.93% | - | +128.80% | +271.53% | +479.06% |
| Change | -12.92 | - | +79.52 | +167.64 | +295.77 |
| Level | Minor | - | Major | Minor | Intermediate |
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 | 53.01 | 54.43 | 56.35 | 57.77 | 59.69 | 61.11 | 63.03 |
| Camarilla | 57.35 | 57.66 | 57.96 | 58.27 | 58.58 | 58.88 | 59.19 |
| Woodie | 53.26 | 54.56 | 56.60 | 57.90 | 59.94 | 61.24 | 63.28 |
| Fibonacci | 54.43 | 55.71 | 56.49 | 57.77 | 59.05 | 59.83 | 61.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.84 | 38.70 | 43.87 | 46.73 | 51.90 | 54.76 | 59.93 |
| Camarilla | 46.83 | 47.57 | 48.30 | 49.04 | 49.78 | 50.51 | 51.25 |
| Woodie | 37.00 | 39.28 | 45.03 | 47.31 | 53.06 | 55.34 | 61.09 |
| Fibonacci | 38.70 | 41.77 | 43.66 | 46.73 | 49.80 | 51.69 | 54.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.13 | 33.72 | 46.00 | 52.59 | 64.87 | 71.46 | 83.74 |
| Camarilla | 53.08 | 54.81 | 56.54 | 58.27 | 60.00 | 61.73 | 63.46 |
| Woodie | 29.97 | 35.14 | 48.84 | 54.01 | 67.71 | 72.88 | 86.58 |
| Fibonacci | 33.72 | 40.93 | 45.39 | 52.59 | 59.80 | 64.26 | 71.46 |
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): | 61.12 | |
| MACD (12,26,9): | -1.3300 | |
| Directional Movement: | 10.80 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 45.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 64.70 | |
| Elder Ray (13): | 6.94 | |
| Super Trend (3,10): | 62.69 | |
| Zig ZAG (10): | 61.74 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 72.72 | |
| TEMA (21): | 47.91 | |
| Williams %R (14): | -1.27 | |
| Chande Momentum Oscillator (20): | 14.60 | |
| Repulse (5,40,3): | 40.9200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.9200 | |
| Courbe Coppock: | 19.41 |
| MA7: | 55.64 | |
| MA20: | 47.94 | |
| MA50: | 45.04 | |
| MA100: | 45.16 | |
| MAexp7: | 49.16 | |
| MAexp20: | 48.04 | |
| MAexp50: | 54.21 | |
| MAexp100: | 60.73 | |
| Price / MA7: | +10.96% | |
| Price / MA20: | +28.79% | |
| Price / MA50: | +37.08% | |
| Price / MA100: | +36.71% | |
| Price / MAexp7: | +25.59% | |
| Price / MAexp20: | +28.52% | |
| Price / MAexp50: | +13.89% | |
| Price / MAexp100: | +1.66% |
Quotes :
2020-08-01 20:39:01
-
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 - Weekly