LITECOIN - LTC/USD
LITECOIN - LTC/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: LTCUSD
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LITECOIN - LTC/USD - 15 min. - Technical analysis published on 04/10/2021 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 222.88 USD
My targets
233.16 USD (+0.84%)
237.34 USD (+2.65%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on LITECOIN - LTC/USD. This is a positive signal for buyers. As long as the price remains above 222.88 USD, a purchase could be considered. The first bullish objective is located at 233.16 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 237.34 USD as an objective. Crossing it would then enable buyers to target 244.28 USD. In the event of a return below 222.88 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
7.3

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:
1H Daily Weekly

Additional analysis

Quotes

The LITECOIN - LTC/USD rating is 231.22 USD. The price has increased by +4.64% since the last closing and was traded between 219.29 USD and 232.80 USD over the period. The price is currently at +5.44% from its lowest and -0.68% from its highest.

219.29
232.80
231.22

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



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 15 min. chart of LITECOIN - LTC/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 15 minutes



In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is under support 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 15 minutes



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 15 minutes


Support of triangle is broken

Type : Bearish

Timeframe : 15 minutes



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 217.79 221.76 228.84 231.22 237.29 244.28
Change (%) -5.81% -4.09% -1.03% - +2.63% +5.65%
Change -13.43 -9.46 -2.38 - +6.07 +13.06
Level Intermediate 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
Standard206.50212.60216.78222.88227.06233.16237.34
Camarilla218.13219.08220.02220.96221.90222.85223.79
Woodie205.54212.12215.82222.40226.10232.68236.38
Fibonacci212.60216.53218.95222.88226.81229.23233.16


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard139.67159.78177.55197.66215.43235.54253.31
Camarilla184.89188.37191.84195.31198.78202.26205.73
Woodie138.49159.20176.37197.08214.25234.96252.13
Fibonacci159.78174.25183.19197.66212.13221.07235.54


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard97.21130.36163.61196.76230.01263.16296.41
Camarilla178.59184.68190.76196.85202.94209.02215.11
Woodie97.25130.39163.65196.79230.05263.19296.45
Fibonacci130.36155.73171.40196.76222.13237.80263.16

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): 64.50
MACD (12,26,9): 0.9300
Directional Movement: 26.60
AROON (14): 92.86
DEMA (21): 224.66
Parabolic SAR (0,02-0,02-0,2): 223.14
Elder Ray (13): 2.14
Super Trend (3,10): 223.36
Zig ZAG (10): 226.65
VORTEX (21): 1.2800
Stochastique (14,3,5): 99.95
TEMA (21): 226.14
Williams %R (14): -4.00
Chande Momentum Oscillator (20): 6.17
Repulse (5,40,3): 0.8000
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 4.90
MA7: 222.07
MA20: 201.06
MA50: 197.42
MA100: 179.09
MAexp7: 226.17
MAexp20: 223.80
MAexp50: 223.52
MAexp100: 223.84
Price / MA7: +4.12%
Price / MA20: +15.00%
Price / MA50: +17.12%
Price / MA100: +29.11%
Price / MAexp7: +2.23%
Price / MAexp20: +3.32%
Price / MAexp50: +3.44%
Price / MAexp100: +3.30%

Quotes : - Real time data - Cryptocompare

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

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