LITECOIN - LTC/USD - Daily - Technical analysis published on 01/22/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 111.25 USD
My targets
141.26 USD (+9.60%)
152.43 USD (+18.26%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 111.25 USD remains possible. It is advisable to trade LITECOIN - LTC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 111.25 USD. The next bullish objective for buyers is set at 141.26 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 152.43 USD. If there is any crossing, the next objective would be the resistance located at 177.86 USD. PS: if there is a bearish break in the support located at 111.25 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
0.9
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This analysis was given by teodorassenov69. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LITECOIN - LTC/USD rating is 128.89 USD. The price is lower by -0.53% since the last closing and was between 122.52 USD and 129.76 USD. This implies that the price is at +5.20% from its lowest and at -0.67% from its highest.122.52
129.76
128.89
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USD:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this LITECOIN - LTC/USD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
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
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.94 | 67.23 | 83.28 | 128.89 | 141.26 | 152.43 | 177.86 |
| Change (%) | -66.68% | -47.84% | -35.39% | - | +9.60% | +18.26% | +37.99% |
| Change | -85.95 | -61.66 | -45.61 | - | +12.37 | +23.54 | +48.97 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | 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 | 95.34 | 110.45 | 120.01 | 135.12 | 144.68 | 159.79 | 169.35 |
| Camarilla | 122.80 | 125.06 | 127.32 | 129.58 | 131.84 | 134.10 | 136.36 |
| Woodie | 92.58 | 109.06 | 117.25 | 133.73 | 141.92 | 158.40 | 166.59 |
| Fibonacci | 110.45 | 119.87 | 125.69 | 135.12 | 144.54 | 150.36 | 159.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.49 | 74.88 | 109.43 | 147.82 | 182.37 | 220.76 | 255.31 |
| Camarilla | 123.93 | 130.62 | 137.30 | 143.99 | 150.68 | 157.36 | 164.05 |
| Woodie | 34.58 | 73.92 | 107.52 | 146.86 | 180.46 | 219.80 | 253.40 |
| Fibonacci | 74.88 | 102.74 | 119.95 | 147.82 | 175.68 | 192.89 | 220.76 |
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): | 42.24 | |
| MACD (12,26,9): | 2.8300 | |
| Directional Movement: | -7.28 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 149.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 172.86 | |
| Elder Ray (13): | -17.41 | |
| Super Trend (3,10): | 119.04 | |
| Zig ZAG (10): | 128.01 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 30.66 | |
| TEMA (21): | 141.77 | |
| Williams %R (14): | -80.39 | |
| Chande Momentum Oscillator (20): | -43.27 | |
| Repulse (5,40,3): | -13.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.8800 | |
| Courbe Coppock: | 22.96 |
| MA7: | 142.19 | |
| MA20: | 152.34 | |
| MA50: | 122.64 | |
| MA100: | 93.88 | |
| MAexp7: | 139.54 | |
| MAexp20: | 142.49 | |
| MAexp50: | 126.33 | |
| MAexp100: | 104.64 | |
| Price / MA7: | -9.35% | |
| Price / MA20: | -15.39% | |
| Price / MA50: | +5.10% | |
| Price / MA100: | +37.29% | |
| Price / MAexp7: | -7.63% | |
| Price / MAexp20: | -9.54% | |
| Price / MAexp50: | +2.03% | |
| Price / MAexp100: | +23.17% |
Quotes :
2021-01-22 01:46:39
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Real time data
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