LITECOIN - LTC/USD - 1H - Technical analysis published on 04/12/2021 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 244.28 USD
My targets
263.16 USD (+4.01%)
277.20 USD (+9.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LITECOIN - LTC/USD as long as the price remains well above 244.28 USD. The buyers” bullish objective is set at 263.16 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 277.20 USD. If there is any crossing, the next objective would be the resistance located at 298.32 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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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 253.02 USD. On the day, this instrument gained +0.31% and was between 247.24 USD and 255.65 USD. This implies that the price is at +2.34% from its lowest and at -1.03% from its highest.247.24
255.65
253.02
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
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
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
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
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:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 228.84 | 237.29 | 244.28 | 253.02 |
| Change (%) | -9.56% | -6.22% | -3.45% | - |
| Change | -24.18 | -15.73 | -8.74 | - |
| Level | 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 | 225.07 | 234.86 | 243.56 | 253.35 | 262.05 | 271.84 | 280.54 |
| Camarilla | 247.17 | 248.86 | 250.56 | 252.25 | 253.95 | 255.64 | 257.34 |
| Woodie | 224.52 | 234.59 | 243.01 | 253.08 | 261.50 | 271.57 | 279.99 |
| Fibonacci | 234.86 | 241.93 | 246.29 | 253.35 | 260.42 | 264.78 | 271.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 151.20 | 172.32 | 214.20 | 235.32 | 277.20 | 298.32 | 340.20 |
| Camarilla | 238.76 | 244.53 | 250.31 | 256.08 | 261.86 | 267.63 | 273.41 |
| Woodie | 161.58 | 177.51 | 224.58 | 240.51 | 287.58 | 303.51 | 350.58 |
| Fibonacci | 172.32 | 196.39 | 211.25 | 235.32 | 259.39 | 274.25 | 298.32 |
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 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): | 53.83 | |
| MACD (12,26,9): | 1.1700 | |
| Directional Movement: | -0.93 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 252.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 245.10 | |
| Elder Ray (13): | 0.62 | |
| Super Trend (3,10): | 241.49 | |
| Zig ZAG (10): | 253.50 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 73.67 | |
| TEMA (21): | 251.56 | |
| Williams %R (14): | -16.65 | |
| Chande Momentum Oscillator (20): | 7.26 | |
| Repulse (5,40,3): | 0.5400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 0.52 |
| MA7: | 237.99 | |
| MA20: | 209.23 | |
| MA50: | 199.00 | |
| MA100: | 181.80 | |
| MAexp7: | 252.29 | |
| MAexp20: | 250.68 | |
| MAexp50: | 245.67 | |
| MAexp100: | 238.32 | |
| Price / MA7: | +6.32% | |
| Price / MA20: | +20.93% | |
| Price / MA50: | +27.15% | |
| Price / MA100: | +39.17% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.93% | |
| Price / MAexp50: | +2.99% | |
| Price / MAexp100: | +6.17% |
Quotes :
-
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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