LITECOIN - LTC/USD - 1H - Technical analysis published on 09/01/2020 (GMT)
- Who voted?
- 129
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 61.91 USD
My targets
63.63 USD (+0.76%)
67.29 USD (+6.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LITECOIN - LTC/USD as long as the price remains well above 61.91 USD. The buyers” bullish objective is set at 63.63 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 67.29 USD. If there is any crossing, the next objective would be the resistance located at 82.84 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LITECOIN - LTC/USD rating is 63.15 USD. The price has increased by +3.49% since the last closing and was between 59.80 USD and 63.42 USD. This implies that the price is at +5.60% from its lowest and at -0.43% from its highest.59.80
63.42
63.15
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USD:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 60.87 | 61.91 | 62.88 | 63.15 | 63.63 | 67.29 | 82.84 |
Change (%) | -3.61% | -1.96% | -0.43% | - | +0.76% | +6.56% | +31.18% |
Change | -2.28 | -1.24 | -0.27 | - | +0.48 | +4.14 | +19.69 |
Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | 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 | 56.79 | 58.68 | 59.85 | 61.74 | 62.91 | 64.80 | 65.97 |
Camarilla | 60.18 | 60.46 | 60.74 | 61.02 | 61.30 | 61.58 | 61.86 |
Woodie | 56.43 | 58.50 | 59.49 | 61.56 | 62.55 | 64.62 | 65.61 |
Fibonacci | 58.68 | 59.85 | 60.57 | 61.74 | 62.91 | 63.63 | 64.80 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 44.29 | 49.25 | 53.14 | 58.10 | 61.99 | 66.95 | 70.84 |
Camarilla | 54.61 | 55.42 | 56.23 | 57.04 | 57.85 | 58.66 | 59.47 |
Woodie | 43.77 | 48.98 | 52.62 | 57.83 | 61.47 | 66.68 | 70.32 |
Fibonacci | 49.25 | 52.63 | 54.72 | 58.10 | 61.48 | 63.57 | 66.95 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 35.25 | 43.57 | 52.30 | 60.62 | 69.35 | 77.67 | 86.40 |
Camarilla | 56.33 | 57.89 | 59.46 | 61.02 | 62.58 | 64.15 | 65.71 |
Woodie | 35.45 | 43.67 | 52.50 | 60.72 | 69.55 | 77.77 | 86.60 |
Fibonacci | 43.57 | 50.09 | 54.11 | 60.62 | 67.14 | 71.16 | 77.67 |
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): | 64.54 | |
MACD (12,26,9): | 0.4500 | |
Directional Movement: | 8.29 | |
AROON (14): | 42.86 | |
DEMA (21): | 62.61 | |
Parabolic SAR (0,02-0,02-0,2): | 60.71 | |
Elder Ray (13): | 0.78 | |
Super Trend (3,10): | 61.23 | |
Zig ZAG (10): | 63.13 | |
VORTEX (21): | 1.1600 | |
Stochastique (14,3,5): | 88.86 | |
TEMA (21): | 62.78 | |
Williams %R (14): | -8.56 | |
Chande Momentum Oscillator (20): | 2.09 | |
Repulse (5,40,3): | 0.9800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0400 | |
Courbe Coppock: | 5.16 |
MA7: | 59.39 | |
MA20: | 60.60 | |
MA50: | 55.14 | |
MA100: | 49.63 | |
MAexp7: | 62.75 | |
MAexp20: | 62.10 | |
MAexp50: | 61.34 | |
MAexp100: | 60.37 | |
Price / MA7: | +6.33% | |
Price / MA20: | +4.21% | |
Price / MA50: | +14.53% | |
Price / MA100: | +27.24% | |
Price / MAexp7: | +0.64% | |
Price / MAexp20: | +1.69% | |
Price / MAexp50: | +2.95% | |
Price / MAexp100: | +4.60% |
Quotes :
2020-09-01 10:55:56
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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 - 1H