LITECOIN - LTC/USD - Daily - Technical analysis published on 09/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 47.49 USD
My targets
40.83 USD (-8.72%)
37.11 USD (-17.04%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LITECOIN - LTC/USD as long as the price remains well below 47.49 USD. The sellers” bearish objective is set at 40.83 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 37.11 USD. In case of crossing, the next objective would be the support located at 33.11 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by Jireh2360. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LITECOIN - LTC/USD price is 44.73 USD. On the day, this instrument gained +0.93% and was traded between 43.72 USD and 44.99 USD over the period. The price is currently at +2.31% from its lowest and -0.58% from its highest.43.72
44.99
44.73
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 Daily chart of LITECOIN - LTC/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.11 | 37.11 | 40.83 | 44.73 | 47.49 | 50.81 | 61.86 |
| Change (%) | -25.98% | -17.04% | -8.72% | - | +6.17% | +13.59% | +38.30% |
| Change | -11.62 | -7.62 | -3.90 | - | +2.76 | +6.08 | +17.13 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
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 | 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): | 38.11 | |
| MACD (12,26,9): | -2.5700 | |
| Directional Movement: | -18.11 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 45.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.78 | |
| Elder Ray (13): | -2.90 | |
| Super Trend (3,10): | 52.50 | |
| Zig ZAG (10): | 44.75 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 20.47 | |
| TEMA (21): | 43.94 | |
| Williams %R (14): | -72.00 | |
| Chande Momentum Oscillator (20): | -4.32 | |
| Repulse (5,40,3): | -2.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6900 | |
| Courbe Coppock: | 11.71 |
| MA7: | 46.45 | |
| MA20: | 47.86 | |
| MA50: | 54.65 | |
| MA100: | 50.25 | |
| MAexp7: | 45.91 | |
| MAexp20: | 48.67 | |
| MAexp50: | 51.26 | |
| MAexp100: | 50.87 | |
| Price / MA7: | -3.70% | |
| Price / MA20: | -6.54% | |
| Price / MA50: | -18.15% | |
| Price / MA100: | -10.99% | |
| Price / MAexp7: | -2.57% | |
| Price / MAexp20: | -8.10% | |
| Price / MAexp50: | -12.74% | |
| Price / MAexp100: | -12.07% |
Quotes :
2020-09-23 10:52:53
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Real time data
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Cryptocompare
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