LITECOIN - LTC/USD
LITECOIN - LTC/USD
56.69 USD (-0.89%)
Real time data - Cryptocompare
Open: 57.21
Change: -0.51
Volume: 4,330
Low: 56.54
High: 57.68
High / Low range: 1.14
Type: Cryptocurrencies
Ticker: LTCUSD
ISIN:

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

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  • Timeframe : Daily
  • - Analysis generated on 2020-08-01 20:40:57
  • Status : IN PROGRESS...

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 57.94 USD
My targets
63.31 USD (+2.48%)
69.48 USD (+12.46%)
My analysis
LITECOIN - LTC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 57.94 USD. The next resistance located at 63.31 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 69.48 USD. After this resistance, buyers could then target 83.28 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
8.8

This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
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 price is 61.78 USD. The price has increased by +6.02% since the last closing and was between 57.63 USD and 62.16 USD. This implies that the price is at +7.20% from its lowest and at -0.61% from its highest.

57.63
62.16
61.78

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



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 this Daily chart of LITECOIN - LTC/USD indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 17 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 : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 48.82 53.19 57.94 61.78 63.31 69.48 83.28
Change (%) -20.98% -13.90% -6.22% - +2.48% +12.46% +34.80%
Change -12.96 -8.59 -3.84 - +1.53 +7.70 +21.50
Level Minor Minor Minor - Minor Minor Major



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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 82.31
MACD (12,26,9): 3.9800
Directional Movement: 33.97
AROON (14): 85.71
DEMA (21): 54.64
Parabolic SAR (0,02-0,02-0,2): 49.13
Elder Ray (13): 7.36
Super Trend (3,10): 50.21
Zig ZAG (10): 61.74
VORTEX (21): 1.2400
Stochastique (14,3,5): 94.12
TEMA (21): 57.88
Williams %R (14): -1.42
Chande Momentum Oscillator (20): 19.73
Repulse (5,40,3): 13.2100
ROCnROLL: 1
TRIX (15,9): 0.7200
Courbe Coppock: 59.35
MA7: 55.64
MA20: 47.94
MA50: 45.04
MA100: 45.16
MAexp7: 55.95
MAexp20: 50.24
MAexp50: 46.80
MAexp100: 46.13
Price / MA7: +11.04%
Price / MA20: +28.87%
Price / MA50: +37.17%
Price / MA100: +36.80%
Price / MAexp7: +10.42%
Price / MAexp20: +22.97%
Price / MAexp50: +32.01%
Price / MAexp100: +33.93%

Quotes : 2020-08-01 20:40:20 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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