LITECOIN - LTC/USD - 1H - Technical analysis published on 10/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 49.33 USD
My targets
51.54 USD (+1.44%)
54.12 USD (+6.51%)
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 49.33 USD. The buyers” bullish objective is set at 51.54 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 54.12 USD. If there is any crossing, the next objective would be the resistance located at 61.86 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, 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
0
10
7.1
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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 50.81 USD. The price registered an increase of +1.72% on the session and was traded between 49.77 USD and 51.06 USD over the period. The price is currently at +2.09% from its lowest and -0.49% from its highest.49.77
51.06
50.81
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this LITECOIN - LTC/USD chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 48.19 | 49.33 | 50.81 | 50.81 | 51.54 | 54.12 | 61.86 |
| Change (%) | -5.16% | -2.91% | 0% | - | +1.44% | +6.51% | +21.75% |
| Change | -2.62 | -1.48 | 0 | - | +0.73 | +3.31 | +11.05 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.24 | 48.07 | 49.01 | 49.84 | 50.78 | 51.61 | 52.55 |
| Camarilla | 49.46 | 49.63 | 49.79 | 49.95 | 50.11 | 50.27 | 50.44 |
| Woodie | 47.30 | 48.10 | 49.07 | 49.87 | 50.84 | 51.64 | 52.61 |
| Fibonacci | 48.07 | 48.75 | 49.16 | 49.84 | 50.52 | 50.93 | 51.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.36 | 42.72 | 45.78 | 48.14 | 51.20 | 53.56 | 56.62 |
| Camarilla | 47.36 | 47.86 | 48.35 | 48.85 | 49.35 | 49.84 | 50.34 |
| Woodie | 40.72 | 42.90 | 46.14 | 48.32 | 51.56 | 53.74 | 56.98 |
| Fibonacci | 42.72 | 44.79 | 46.07 | 48.14 | 50.21 | 51.49 | 53.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.43 | 28.84 | 37.54 | 50.95 | 59.65 | 73.06 | 81.76 |
| Camarilla | 40.17 | 42.20 | 44.22 | 46.25 | 48.28 | 50.30 | 52.33 |
| Woodie | 13.09 | 27.66 | 35.20 | 49.77 | 57.31 | 71.88 | 79.42 |
| Fibonacci | 28.84 | 37.28 | 42.50 | 50.95 | 59.39 | 64.61 | 73.06 |
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): | 59.89 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 2.94 | |
| AROON (14): | 28.58 | |
| DEMA (21): | 50.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.09 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 49.57 | |
| Zig ZAG (10): | 50.58 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 60.95 | |
| TEMA (21): | 50.48 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.48 | |
| Repulse (5,40,3): | 0.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.86 |
| MA7: | 49.36 | |
| MA20: | 47.18 | |
| MA50: | 49.31 | |
| MA100: | 51.17 | |
| MAexp7: | 50.39 | |
| MAexp20: | 50.32 | |
| MAexp50: | 50.19 | |
| MAexp100: | 49.81 | |
| Price / MA7: | +2.94% | |
| Price / MA20: | +7.69% | |
| Price / MA50: | +3.04% | |
| Price / MA100: | -0.70% | |
| Price / MAexp7: | +0.83% | |
| Price / MAexp20: | +0.97% | |
| Price / MAexp50: | +1.24% | |
| Price / MAexp100: | +2.01% |
Quotes :
2020-10-14 13:52:39
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Real time data
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