LITECOIN - LTC/USD - 1H - Technical analysis published on 01/27/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 129.58 USD
My targets
122.52 USD (-2.23%)
118.08 USD (-5.77%)
My analysis
LITECOIN - LTC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 129.58 USD. The next support located at 122.52 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 118.08 USD. Below this support, sellers could then target 83.28 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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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 125.31 USD. The price is lower by -7.04% since the last closing and was traded between 123.45 USD and 134.96 USD over the period. The price is currently at +1.51% from its lowest and -7.15% from its highest.123.45
134.96
125.31
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 67.23 | 83.28 | 122.52 | 125.31 | 129.58 | 133.98 | 141.26 |
| Change (%) | -46.35% | -33.54% | -2.23% | - | +3.41% | +6.92% | +12.73% |
| Change | -58.08 | -42.03 | -2.79 | - | +4.27 | +8.67 | +15.95 |
| Level | Major | Major | Minor | - | 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 | 117.87 | 123.19 | 128.99 | 134.31 | 140.11 | 145.43 | 151.23 |
| Camarilla | 131.74 | 132.76 | 133.78 | 134.80 | 135.82 | 136.84 | 137.86 |
| Woodie | 118.12 | 123.31 | 129.24 | 134.43 | 140.36 | 145.55 | 151.48 |
| Fibonacci | 123.19 | 127.44 | 130.06 | 134.31 | 138.56 | 141.18 | 145.43 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.94 | |
| MACD (12,26,9): | -2.6000 | |
| Directional Movement: | -27.18 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 126.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.48 | |
| Elder Ray (13): | -4.22 | |
| Super Trend (3,10): | 131.29 | |
| Zig ZAG (10): | 126.01 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 9.92 | |
| TEMA (21): | 126.58 | |
| Williams %R (14): | -98.68 | |
| Chande Momentum Oscillator (20): | -9.79 | |
| Repulse (5,40,3): | -3.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 9.71 |
| MA7: | 134.71 | |
| MA20: | 146.11 | |
| MA50: | 128.33 | |
| MA100: | 98.39 | |
| MAexp7: | 126.68 | |
| MAexp20: | 130.10 | |
| MAexp50: | 133.67 | |
| MAexp100: | 136.39 | |
| Price / MA7: | -6.98% | |
| Price / MA20: | -14.24% | |
| Price / MA50: | -2.35% | |
| Price / MA100: | +27.36% | |
| Price / MAexp7: | -1.08% | |
| Price / MAexp20: | -3.68% | |
| Price / MAexp50: | -6.25% | |
| Price / MAexp100: | -8.12% |
Quotes :
2021-01-27 12:56:50
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Real time data
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