LITECOIN - LTC/USD - 1H - Technical analysis published on 04/08/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 217.79 USD
My targets
227.57 USD (+1.65%)
237.29 USD (+5.99%)
My analysis
A bullish trend on LITECOIN - LTC/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 217.79 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 227.57 USD. Then the price could move towards 237.29 USD. Then 244.28 USD by extension. Be careful, a return below 217.79 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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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 223.88 USD. The price registered an increase of +2.33% on the session with the lowest point at 216.95 USD and the highest point at 227.38 USD. The deviation from the price is +3.19% for the low point and -1.54% for the high point.216.95
227.38
223.88
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USD:
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 193.74 | 211.25 | 217.79 | 223.88 | 227.57 | 237.29 | 244.28 |
| Change (%) | -13.46% | -5.64% | -2.72% | - | +1.65% | +5.99% | +9.11% |
| Change | -30.14 | -12.63 | -6.09 | - | +3.69 | +13.41 | +20.40 |
| Level | Intermediate | Intermediate | Intermediate | - | 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 | 174.06 | 192.59 | 205.68 | 224.21 | 237.30 | 255.83 | 268.92 |
| Camarilla | 210.09 | 212.98 | 215.88 | 218.78 | 221.68 | 224.58 | 227.48 |
| Woodie | 171.35 | 191.23 | 202.97 | 222.85 | 234.59 | 254.47 | 266.21 |
| Fibonacci | 192.59 | 204.67 | 212.13 | 224.21 | 236.29 | 243.75 | 255.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 139.67 | 159.78 | 177.55 | 197.66 | 215.43 | 235.54 | 253.31 |
| Camarilla | 184.89 | 188.37 | 191.84 | 195.31 | 198.78 | 202.26 | 205.73 |
| Woodie | 138.49 | 159.20 | 176.37 | 197.08 | 214.25 | 234.96 | 252.13 |
| Fibonacci | 159.78 | 174.25 | 183.19 | 197.66 | 212.13 | 221.07 | 235.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.21 | 130.36 | 163.61 | 196.76 | 230.01 | 263.16 | 296.41 |
| Camarilla | 178.59 | 184.68 | 190.76 | 196.85 | 202.94 | 209.02 | 215.11 |
| Woodie | 97.25 | 130.39 | 163.65 | 196.79 | 230.05 | 263.19 | 296.45 |
| Fibonacci | 130.36 | 155.73 | 171.40 | 196.76 | 222.13 | 237.80 | 263.16 |
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): | 51.39 | |
| MACD (12,26,9): | -0.9500 | |
| Directional Movement: | -2.06 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 221.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 226.97 | |
| Elder Ray (13): | -0.80 | |
| Super Trend (3,10): | 232.22 | |
| Zig ZAG (10): | 223.91 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 36.56 | |
| TEMA (21): | 221.05 | |
| Williams %R (14): | -76.70 | |
| Chande Momentum Oscillator (20): | -4.13 | |
| Repulse (5,40,3): | -0.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 0.53 |
| MA7: | 215.12 | |
| MA20: | 198.29 | |
| MA50: | 197.67 | |
| MA100: | 177.13 | |
| MAexp7: | 220.86 | |
| MAexp20: | 222.55 | |
| MAexp50: | 223.35 | |
| MAexp100: | 220.00 | |
| Price / MA7: | +4.07% | |
| Price / MA20: | +12.91% | |
| Price / MA50: | +13.26% | |
| Price / MA100: | +26.39% | |
| Price / MAexp7: | +1.37% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +1.76% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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