LITECOIN - LTC/USD
LITECOIN - LTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
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Type: Cryptocurrencies
Ticker: LTCUSD
ISIN:

LITECOIN - LTC/USD - Daily - Technical analysis published on 02/28/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Neutral
Technical indicators
17%
67%
17%
My opinion
Bearish under 177.86 USD
My targets
141.26 USD (-12.31%)
123.19 USD (-23.53%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for LITECOIN - LTC/USD as long as the price remains well below 177.86 USD. The sellers” bearish objective is set at 141.26 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 123.19 USD. If there is any crossing, the next objective would be the support located at 89.25 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2.7

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:
15 min. 1H Weekly

Additional analysis

Quotes

The LITECOIN - LTC/USD price is 161.09 USD. On the day, this instrument lost -6.32% and was between 154.61 USD and 173.01 USD. This implies that the price is at +4.19% from its lowest and at -6.89% from its highest.

154.61
173.01
161.09

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of this Daily chart of LITECOIN - LTC/USD indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : Daily



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 89.25 123.19 141.26 161.09 177.86 237.29
Change (%) -44.60% -23.53% -12.31% - +10.41% +47.30%
Change -71.84 -37.90 -19.83 - +16.77 +76.20
Level Minor Intermediate Major - Major 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
Standard153.18160.32166.13173.27179.08186.22192.03
Camarilla168.39169.58170.76171.95173.14174.32175.51
Woodie152.53159.99165.48172.94178.43185.89191.38
Fibonacci160.32165.26168.32173.27178.21181.27186.22


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard68.62113.94142.95188.27217.28262.60291.61
Camarilla151.51158.32165.14171.95178.76185.58192.39
Woodie60.46109.86134.79184.19209.12258.52283.45
Fibonacci113.94142.34159.88188.27216.67234.21262.60


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard26.9770.1299.91143.06172.85216.00245.79
Camarilla109.65116.34123.02129.71136.40143.08149.77
Woodie20.3066.7893.24139.72166.18212.66239.12
Fibonacci70.1297.98115.19143.06170.92188.13216.00

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): 41.04
MACD (12,26,9): 2.1600
Directional Movement: -8.87
AROON (14): -57.14
DEMA (21): 194.46
Parabolic SAR (0,02-0,02-0,2): 229.65
Elder Ray (13): -23.44
Super Trend (3,10): 236.56
Zig ZAG (10): 161.48
VORTEX (21): 1.0100
Stochastique (14,3,5): 11.40
TEMA (21): 184.98
Williams %R (14): -92.56
Chande Momentum Oscillator (20): -48.98
Repulse (5,40,3): -13.2600
ROCnROLL: 2
TRIX (15,9): 0.9800
Courbe Coppock: 16.37
MA7: 178.59
MA20: 200.45
MA50: 166.30
MA100: 136.40
MAexp7: 179.51
MAexp20: 187.26
MAexp50: 169.87
MAexp100: 143.35
Price / MA7: -9.80%
Price / MA20: -19.64%
Price / MA50: -3.13%
Price / MA100: +18.10%
Price / MAexp7: -10.26%
Price / MAexp20: -13.98%
Price / MAexp50: -5.17%
Price / MAexp100: +12.38%

Quotes : 2021-02-28 10:00:11 - Real time data - Cryptocompare

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

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