LITECOIN - LTC/USD - 1H - Technical analysis published on 08/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 63.30 USD
My targets
68.17 USD (+3.57%)
69.48 USD (+5.56%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 63.30 USD remains possible. It is advisable to trade LITECOIN - LTC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 63.30 USD. The next bullish objective for buyers is set at 68.17 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 69.48 USD. If there is any crossing, the next objective would be the resistance located at 82.84 USD. PS: if there is a bearish break in the support located at 63.30 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.5
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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 65.82 USD. On the day, this instrument lost -2.19% with the lowest point at 64.40 USD and the highest point at 68.45 USD. The deviation from the price is +2.20% for the low point and -3.84% for the high point.64.40
68.45
65.82
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 56.65 | 59.65 | 61.79 | 65.82 | 68.17 | 69.48 | 82.84 |
| Change (%) | -13.93% | -9.37% | -6.12% | - | +3.57% | +5.56% | +25.86% |
| Change | -9.17 | -6.17 | -4.03 | - | +2.35 | +3.66 | +17.02 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.69 | 58.68 | 62.98 | 65.97 | 70.27 | 73.26 | 77.56 |
| Camarilla | 65.29 | 65.95 | 66.62 | 67.29 | 67.96 | 68.63 | 69.30 |
| Woodie | 56.36 | 59.01 | 63.65 | 66.30 | 70.94 | 73.59 | 78.23 |
| Fibonacci | 58.68 | 61.46 | 63.18 | 65.97 | 68.75 | 70.47 | 73.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.40 | 48.65 | 54.35 | 57.60 | 63.30 | 66.55 | 72.25 |
| Camarilla | 57.59 | 58.41 | 59.23 | 60.05 | 60.87 | 61.69 | 62.51 |
| Woodie | 46.63 | 49.26 | 55.58 | 58.21 | 64.53 | 67.16 | 73.48 |
| Fibonacci | 48.65 | 52.07 | 54.18 | 57.60 | 61.02 | 63.13 | 66.55 |
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): | 52.79 | |
| MACD (12,26,9): | 0.5200 | |
| Directional Movement: | 5.81 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 67.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.30 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 64.89 | |
| Zig ZAG (10): | 66.57 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 33.37 | |
| TEMA (21): | 66.93 | |
| Williams %R (14): | -85.51 | |
| Chande Momentum Oscillator (20): | -1.18 | |
| Repulse (5,40,3): | -1.4500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 2.29 |
| MA7: | 60.79 | |
| MA20: | 58.95 | |
| MA50: | 50.40 | |
| MA100: | 47.31 | |
| MAexp7: | 66.63 | |
| MAexp20: | 66.63 | |
| MAexp50: | 64.97 | |
| MAexp100: | 62.67 | |
| Price / MA7: | +8.27% | |
| Price / MA20: | +11.65% | |
| Price / MA50: | +30.60% | |
| Price / MA100: | +39.12% | |
| Price / MAexp7: | -1.22% | |
| Price / MAexp20: | -1.22% | |
| Price / MAexp50: | +1.31% | |
| Price / MAexp100: | +5.03% |
Quotes :
2020-08-18 12:08:40
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Real time data
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