LITECOIN - LTC/USD - 1H - Technical analysis published on 01/25/2021 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 141.26 USD
My targets
152.51 USD (+7.01%)
166.29 USD (+16.69%)
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 141.26 USD. The buyers” bullish objective is set at 152.51 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 166.29 USD. If there is any crossing, the next objective would be the resistance located at 177.86 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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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 142.51 USD. The price registered an increase of +1.04% on the session and was between 140.76 USD and 147.61 USD. This implies that the price is at +1.24% from its lowest and at -3.46% from its highest.140.76
147.61
142.51
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
Technical analysis of this 1H chart of LITECOIN - LTC/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 130.17 | 136.61 | 141.26 | 142.51 | 152.57 | 166.29 | 177.86 |
Change (%) | -8.66% | -4.14% | -0.88% | - | +7.06% | +16.69% | +24.81% |
Change | -12.34 | -5.90 | -1.25 | - | +10.06 | +23.78 | +35.35 |
Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 127.34 | 130.68 | 135.86 | 139.20 | 144.38 | 147.72 | 152.90 |
Camarilla | 138.70 | 139.48 | 140.26 | 141.04 | 141.82 | 142.60 | 143.38 |
Woodie | 128.26 | 131.14 | 136.78 | 139.66 | 145.30 | 148.18 | 153.82 |
Fibonacci | 130.68 | 133.94 | 135.95 | 139.20 | 142.46 | 144.47 | 147.72 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 74.31 | 98.42 | 118.08 | 142.19 | 161.85 | 185.96 | 205.62 |
Camarilla | 125.71 | 129.73 | 133.74 | 137.75 | 141.76 | 145.77 | 149.79 |
Woodie | 72.10 | 97.31 | 115.87 | 141.08 | 159.64 | 184.85 | 203.41 |
Fibonacci | 98.42 | 115.14 | 125.47 | 142.19 | 158.91 | 169.24 | 185.96 |
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): | 56.16 | |
MACD (12,26,9): | 1.5500 | |
Directional Movement: | 11.80 | |
AROON (14): | 64.29 | |
DEMA (21): | 144.54 | |
Parabolic SAR (0,02-0,02-0,2): | 138.98 | |
Elder Ray (13): | 0.05 | |
Super Trend (3,10): | 139.11 | |
Zig ZAG (10): | 145.24 | |
VORTEX (21): | 1.0900 | |
Stochastique (14,3,5): | 81.80 | |
TEMA (21): | 145.82 | |
Williams %R (14): | -21.04 | |
Chande Momentum Oscillator (20): | 7.24 | |
Repulse (5,40,3): | -0.7000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1200 | |
Courbe Coppock: | 10.28 |
MA7: | 141.78 | |
MA20: | 150.40 | |
MA50: | 126.47 | |
MA100: | 96.82 | |
MAexp7: | 144.52 | |
MAexp20: | 142.72 | |
MAexp50: | 141.02 | |
MAexp100: | 141.07 | |
Price / MA7: | +0.51% | |
Price / MA20: | -5.25% | |
Price / MA50: | +12.68% | |
Price / MA100: | +47.19% | |
Price / MAexp7: | -1.39% | |
Price / MAexp20: | -0.15% | |
Price / MAexp50: | +1.06% | |
Price / MAexp100: | +1.02% |
Quotes :
2021-01-25 08:13:10
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Real time data
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