LITECOIN - LTC/USD - 1H - Technical analysis published on 09/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
44%
33%
22%
My opinion
Bullish above 43.79 USD
My targets
46.68 USD (+4.85%)
47.49 USD (+6.67%)
My analysis
The strong short-term increase in LITECOIN - LTC/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 43.79 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 46.68 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 47.49 USD as an objective. Crossing it would then enable buyers to target 48.98 USD. Caution, a return under 43.79 USD could jeopardize the reversal.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
0.4
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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 44.52 USD. The price registered an increase of +0.45% on the session and was traded between 43.72 USD and 44.62 USD over the period. The price is currently at +1.83% from its lowest and -0.22% from its highest.43.72
44.62
44.52
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/USD indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
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 | 42.24 | 43.01 | 43.79 | 44.52 | 47.49 | 48.98 | 50.20 |
| Change (%) | -5.12% | -3.39% | -1.64% | - | +6.67% | +10.02% | +12.76% |
| Change | -2.28 | -1.51 | -0.73 | - | +2.97 | +4.46 | +5.68 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.17 | 41.99 | 43.15 | 43.97 | 45.13 | 45.95 | 47.11 |
| Camarilla | 43.78 | 43.96 | 44.14 | 44.32 | 44.50 | 44.68 | 44.86 |
| Woodie | 41.35 | 42.08 | 43.33 | 44.06 | 45.31 | 46.04 | 47.29 |
| Fibonacci | 41.99 | 42.74 | 43.21 | 43.97 | 44.72 | 45.19 | 45.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.72 | 44.85 | 46.68 | 48.81 | 50.64 | 52.77 | 54.60 |
| Camarilla | 47.42 | 47.78 | 48.15 | 48.51 | 48.87 | 49.24 | 49.60 |
| Woodie | 42.57 | 44.78 | 46.53 | 48.74 | 50.49 | 52.70 | 54.45 |
| Fibonacci | 44.85 | 46.36 | 47.30 | 48.81 | 50.32 | 51.26 | 52.77 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.83 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 4.39 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 44.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 44.76 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 43.65 | |
| Zig ZAG (10): | 44.21 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 42.34 | |
| TEMA (21): | 44.48 | |
| Williams %R (14): | -54.72 | |
| Chande Momentum Oscillator (20): | -0.31 | |
| Repulse (5,40,3): | 0.4400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.03 |
| MA7: | 46.40 | |
| MA20: | 47.84 | |
| MA50: | 54.64 | |
| MA100: | 50.24 | |
| MAexp7: | 44.27 | |
| MAexp20: | 44.22 | |
| MAexp50: | 44.51 | |
| MAexp100: | 45.43 | |
| Price / MA7: | -4.05% | |
| Price / MA20: | -6.94% | |
| Price / MA50: | -18.52% | |
| Price / MA100: | -11.39% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | +0.68% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -2.00% |
Quotes :
2020-09-23 08:30:26
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Real time data
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