LITECOIN - LTC/USD - Daily - Technical analysis published on 01/27/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
11%
61%
28%
My opinion
Bearish under 129.58 USD
My targets
111.25 USD (-11.30%)
83.30 USD (-33.59%)
My analysis
The strong short-term decline in LITECOIN - LTC/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 129.58 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 111.25 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 83.30 USD as an objective. Crossing it would then enable sellers to target 83.28 USD. Be careful, a return to above 129.58 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2
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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 125.42 USD. The price is lower by -6.96% since the last closing with the lowest point at 123.45 USD and the highest point at 134.96 USD. The deviation from the price is +1.60% for the low point and -7.07% for the high point.123.45
134.96
125.42
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this LITECOIN - LTC/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.94 | 67.23 | 83.28 | 125.42 | 129.58 | 141.26 | 152.14 |
| Change (%) | -65.76% | -46.40% | -33.60% | - | +3.32% | +12.63% | +21.30% |
| Change | -82.48 | -58.19 | -42.14 | - | +4.16 | +15.84 | +26.72 |
| Level | Intermediate | Major | Major | - | Major | Major | Minor |
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): | 41.96 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -9.16 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 142.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 167.13 | |
| Elder Ray (13): | -10.05 | |
| Super Trend (3,10): | 119.04 | |
| Zig ZAG (10): | 125.81 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 22.54 | |
| TEMA (21): | 133.22 | |
| Williams %R (14): | -94.88 | |
| Chande Momentum Oscillator (20): | -19.19 | |
| Repulse (5,40,3): | -12.5100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3800 | |
| Courbe Coppock: | 20.40 |
| MA7: | 134.71 | |
| MA20: | 146.11 | |
| MA50: | 128.33 | |
| MA100: | 98.39 | |
| MAexp7: | 135.36 | |
| MAexp20: | 140.20 | |
| MAexp50: | 128.34 | |
| MAexp100: | 107.79 | |
| Price / MA7: | -6.90% | |
| Price / MA20: | -14.16% | |
| Price / MA50: | -2.27% | |
| Price / MA100: | +27.47% | |
| Price / MAexp7: | -7.34% | |
| Price / MAexp20: | -10.54% | |
| Price / MAexp50: | -2.28% | |
| Price / MAexp100: | +16.36% |
Quotes :
2021-01-27 12:57:08
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Real time data
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