LITECOIN - LTC/USD - Weekly - Technical analysis published on 01/16/2021 (GMT)
- Who voted?
- 147
- 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 : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 111.25 USD
My targets
178.18 USD (+21.68%)
My analysis
LITECOIN - LTC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 111.25 USD. The next resistance located at 178.18 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
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 teodorassenov69. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LITECOIN - LTC/USD rating 146.43 USD. Over 5 days, this instrument lost -14.08% with the lowest point at 125.93 USD and the highest point at 156.70 USD. The deviation from the price is +16.28% for the low point and -6.55% for the high point.125.93
156.70
146.43
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this LITECOIN - LTC/USD chart shows a strongly bullish trend. 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.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Long white line
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 67.23 | 83.28 | 141.26 | 146.43 | 178.18 |
Change (%) | -54.09% | -43.13% | -3.53% | - | +21.68% |
Change | -79.20 | -63.15 | -5.17 | - | +31.75 |
Level | Intermediate | Intermediate | Major | - | 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 | 106.08 | 118.14 | 131.17 | 143.23 | 156.26 | 168.32 | 181.35 |
Camarilla | 137.30 | 139.60 | 141.90 | 144.20 | 146.50 | 148.80 | 151.10 |
Woodie | 106.57 | 118.38 | 131.66 | 143.47 | 156.75 | 168.56 | 181.84 |
Fibonacci | 118.14 | 127.72 | 133.65 | 143.23 | 152.81 | 158.74 | 168.32 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 75.93 | 97.97 | 137.91 | 159.95 | 199.89 | 221.93 | 261.87 |
Camarilla | 160.82 | 166.50 | 172.18 | 177.86 | 183.54 | 189.22 | 194.91 |
Woodie | 84.89 | 102.45 | 146.87 | 164.43 | 208.85 | 226.41 | 270.83 |
Fibonacci | 97.97 | 121.64 | 136.27 | 159.95 | 183.62 | 198.25 | 221.93 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14.09 | 42.04 | 83.30 | 111.25 | 152.51 | 180.46 | 221.72 |
Camarilla | 105.52 | 111.86 | 118.21 | 124.55 | 130.89 | 137.24 | 143.58 |
Woodie | 20.74 | 45.37 | 89.95 | 114.58 | 159.16 | 183.79 | 228.37 |
Fibonacci | 42.04 | 68.48 | 84.82 | 111.25 | 137.69 | 154.03 | 180.46 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 68.42 | |
MACD (12,26,9): | 24.6500 | |
Directional Movement: | 28.06 | |
AROON (14): | 100.00 | |
DEMA (21): | 121.53 | |
Parabolic SAR (0,02-0,02-0,2): | 98.10 | |
Elder Ray (13): | 41.37 | |
Super Trend (3,10): | 79.39 | |
Zig ZAG (10): | 145.92 | |
VORTEX (21): | 1.1300 | |
Stochastique (14,3,5): | 87.83 | |
TEMA (21): | 141.42 | |
Williams %R (14): | -28.75 | |
Chande Momentum Oscillator (20): | 86.44 | |
Repulse (5,40,3): | 23.4200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 3.5300 | |
Courbe Coppock: | 306.55 |
MA7: | 147.64 | |
MA20: | 148.73 | |
MA50: | 115.75 | |
MA100: | 88.38 | |
MAexp7: | 129.40 | |
MAexp20: | 94.17 | |
MAexp50: | 73.32 | |
MAexp100: | 68.38 | |
Price / MA7: | -0.82% | |
Price / MA20: | -1.55% | |
Price / MA50: | +26.51% | |
Price / MA100: | +65.68% | |
Price / MAexp7: | +13.16% | |
Price / MAexp20: | +55.50% | |
Price / MAexp50: | +99.71% | |
Price / MAexp100: | +114.14% |
Quotes :
2021-01-16 20:19:20
-
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 - Weekly