LITECOIN - LTC/USD - 1H - Technical analysis published on 04/09/2021 (GMT)
- 205
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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
22%
39%
39%
My opinion
Bullish above 217.79 USD
My targets
227.44 USD (+1.19%)
237.29 USD (+5.57%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on LITECOIN - LTC/USD as long as the price remains well above 217.79 USD. The buyers” bullish objective is set at 227.44 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 237.29 USD. If there is any crossing, the next objective would be the resistance located at 244.28 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2
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:
Additional analysis
Quotes
The LITECOIN - LTC/USD price is 224.76 USD. The price is lower by -0.77% since the last closing with the lowest point at 222.75 USD and the highest point at 228.98 USD. The deviation from the price is +0.90% for the low point and -1.84% for the high point.222.75
228.98
224.76
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/USD indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD 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
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
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 204.84 | 211.11 | 217.79 | 224.76 | 227.44 | 237.29 | 244.28 |
| Change (%) | -8.86% | -6.07% | -3.10% | - | +1.19% | +5.57% | +8.68% |
| Change | -19.92 | -13.65 | -6.97 | - | +2.68 | +12.53 | +19.52 |
| Level | Minor | Minor | Intermediate | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 208.51 | 212.73 | 219.62 | 223.84 | 230.73 | 234.95 | 241.84 |
| Camarilla | 223.46 | 224.47 | 225.49 | 226.51 | 227.53 | 228.55 | 229.57 |
| Woodie | 209.85 | 213.40 | 220.96 | 224.51 | 232.07 | 235.62 | 243.18 |
| Fibonacci | 212.73 | 216.97 | 219.60 | 223.84 | 228.08 | 230.71 | 234.95 |
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): | 48.75 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 0.63 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 224.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 228.73 | |
| Elder Ray (13): | -0.85 | |
| Super Trend (3,10): | 231.20 | |
| Zig ZAG (10): | 224.30 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 33.56 | |
| TEMA (21): | 224.78 | |
| Williams %R (14): | -66.98 | |
| Chande Momentum Oscillator (20): | -2.60 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.08 |
| MA7: | 217.92 | |
| MA20: | 199.68 | |
| MA50: | 197.68 | |
| MA100: | 178.10 | |
| MAexp7: | 224.42 | |
| MAexp20: | 224.49 | |
| MAexp50: | 224.21 | |
| MAexp100: | 221.72 | |
| Price / MA7: | +3.14% | |
| Price / MA20: | +12.56% | |
| Price / MA50: | +13.70% | |
| Price / MA100: | +26.20% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +1.37% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis LITECOIN - LTC/USD - 1H