LITECOIN - LTC/USD - 15 min. - Technical analysis published on 02/24/2021 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 181.78 USD
My targets
193.56 USD (+2.81%)
204.28 USD (+8.51%)
My analysis
LITECOIN - LTC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 181.78 USD. The next resistance located at 193.56 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 204.28 USD. After this resistance, buyers could then target 231.18 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8
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This analysis was given by teodorassenov69. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LITECOIN - LTC/USD rating 188.27 USD. The price has increased by +6.13% since the last closing and was between 169.22 USD and 189.54 USD. This implies that the price is at +11.26% from its lowest and at -0.67% from its highest.169.22
189.54
188.27
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of LITECOIN - LTC/USD in 15 min. shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 15 minutes
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:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 141.26 | 159.27 | 177.86 | 188.27 | 200.63 | 220.39 | 237.29 |
| Change (%) | -24.97% | -15.40% | -5.53% | - | +6.57% | +17.06% | +26.04% |
| Change | -47.01 | -29.00 | -10.41 | - | +12.36 | +32.12 | +49.02 |
| Level | Major | Intermediate | Major | - | Minor | Major | 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 | 105.48 | 132.38 | 154.88 | 181.78 | 204.28 | 231.18 | 253.68 |
| Camarilla | 163.81 | 168.33 | 172.86 | 177.39 | 181.92 | 186.45 | 190.98 |
| Woodie | 103.29 | 131.28 | 152.69 | 180.68 | 202.09 | 230.08 | 251.49 |
| Fibonacci | 132.38 | 151.25 | 162.91 | 181.78 | 200.65 | 212.31 | 231.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.06 | 159.81 | 193.56 | 220.31 | 254.06 | 280.81 | 314.56 |
| Camarilla | 210.68 | 216.23 | 221.77 | 227.32 | 232.87 | 238.41 | 243.96 |
| Woodie | 136.57 | 161.56 | 197.07 | 222.06 | 257.57 | 282.56 | 318.07 |
| Fibonacci | 159.81 | 182.92 | 197.20 | 220.31 | 243.42 | 257.70 | 280.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.97 | 70.12 | 99.91 | 143.06 | 172.85 | 216.00 | 245.79 |
| Camarilla | 109.65 | 116.34 | 123.02 | 129.71 | 136.40 | 143.08 | 149.77 |
| Woodie | 20.30 | 66.78 | 93.24 | 139.72 | 166.18 | 212.66 | 239.12 |
| Fibonacci | 70.12 | 97.98 | 115.19 | 143.06 | 170.92 | 188.13 | 216.00 |
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): | 62.26 | |
| MACD (12,26,9): | 1.6900 | |
| Directional Movement: | 12.72 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 187.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 184.43 | |
| Elder Ray (13): | 2.23 | |
| Super Trend (3,10): | 182.17 | |
| Zig ZAG (10): | 189.13 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 87.63 | |
| TEMA (21): | 188.54 | |
| Williams %R (14): | -6.33 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 2.62 |
| MA7: | 213.16 | |
| MA20: | 198.12 | |
| MA50: | 166.55 | |
| MA100: | 132.78 | |
| MAexp7: | 187.55 | |
| MAexp20: | 185.41 | |
| MAexp50: | 182.59 | |
| MAexp100: | 182.24 | |
| Price / MA7: | -11.68% | |
| Price / MA20: | -4.97% | |
| Price / MA50: | +13.04% | |
| Price / MA100: | +41.79% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +1.54% | |
| Price / MAexp50: | +3.11% | |
| Price / MAexp100: | +3.31% |
Quotes :
2021-02-24 12:44:30
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Real time data
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