LITECOIN - LTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	LTCUSD
ISIN:

LITECOIN - LTC/USD - Weekly - Technical analysis published on 01/22/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 111.25 USD

My targets

141.26 USD (+9.71%)

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 111.25 USD. The buyers” bullish objective is set at 141.26 USD. A bullish break in this resistance would boost the bullish momentum. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

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

The LITECOIN - LTC/USD rating is 128.76 USD. Over 5 days, this instrument lost -10.71% and has been traded over the last 5 days between 136.48 USD and 166.29 USD. This implies that the 5 day price is -5.66% from its lowest point and -22.57% from its highest point.

136.48

166.29

128.76

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 on LITECOIN - LTC/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Weekly chart of LITECOIN - LTC/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by 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.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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 : Weekly

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Long black line

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	42.94	67.23	83.28	128.76	141.26
Change (%)	-66.65%	-47.79%	-35.32%	-	+9.71%
Change	-85.82	-61.53	-45.48	-	+12.50
Level	Intermediate	Intermediate	Intermediate	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation 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):	60.71
MACD (12,26,9):	23.7700
Directional Movement:	24.62
AROON (14):	92.86
DEMA (21):	124.59
Parabolic SAR (0,02-0,02-0,2):	113.26
Elder Ray (13):	33.56
Super Trend (3,10):	79.39
Zig ZAG (10):	127.88
VORTEX (21):	1.1400
Stochastique (14,3,5):	75.08
TEMA (21):	142.90
Williams %R (14):	-42.31
Chande Momentum Oscillator (20):	71.34
Repulse (5,40,3):	-13.9800
ROCnROLL:	1
TRIX (15,9):	3.9000
Courbe Coppock:	314.01

MA7:	142.19
MA20:	152.34
MA50:	122.64
MA100:	93.88
MAexp7:	127.77
MAexp20:	96.80
MAexp50:	75.23
MAexp100:	69.45
Price / MA7:	-9.45%
Price / MA20:	-15.48%
Price / MA50:	+4.99%
Price / MA100:	+37.15%
Price / MAexp7:	+0.77%
Price / MAexp20:	+33.02%
Price / MAexp50:	+71.16%
Price / MAexp100:	+85.40%

Quotes : 2021-01-22 01:47:27 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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