LITECOIN - LTC/USD
LITECOIN - LTC/USD
57.15 USD (-0.09%)
Real time data - Cryptocompare
Open: 57.21
Change: -0.05
Volume: 4,456
Low: 56.54
High: 57.68
High / Low range: 1.14
Type: Cryptocurrencies
Ticker: LTCUSD
ISIN:

LITECOIN - LTC/USD - Weekly - Technical analysis published on 08/01/2020

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  • Timeframe : Weekly
  • - Analysis generated on 2020-08-01 20:40:12
  • Status : IN PROGRESS...

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

This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Weekly




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
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
Standard53.0154.4356.3557.7759.6961.1163.03
Camarilla57.3557.6657.9658.2758.5858.8859.19
Woodie53.2654.5656.6057.9059.9461.2463.28
Fibonacci54.4355.7156.4957.7759.0559.8361.11


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard35.8438.7043.8746.7351.9054.7659.93
Camarilla46.8347.5748.3049.0449.7850.5151.25
Woodie37.0039.2845.0347.3153.0655.3461.09
Fibonacci38.7041.7743.6646.7349.8051.6954.76


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard27.1333.7246.0052.5964.8771.4683.74
Camarilla53.0854.8156.5458.2760.0061.7363.46
Woodie29.9735.1448.8454.0167.7172.8886.58
Fibonacci33.7240.9345.3952.5959.8064.2671.46

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.

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