LITECOIN - LTC/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LTCUSD
ISIN:

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

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

94%

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

8.8

Comment on the analysis

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 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.

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:

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:

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:

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

Price

	S3	S2	S1	Price	R1	R2	R3
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
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 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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