LITECOIN - LTC/USD - 1H - Technical analysis published on 04/22/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 267.26 USD
My targets
282.34 USD (+3.54%)
296.98 USD (+8.91%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade LITECOIN - LTC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 267.26 USD. The buyers” bullish objective is set at 282.34 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 296.98 USD. If there is any crossing, the next objective would be the resistance located at 309.26 USD. If there is a bearish break in the support located at 267.26 USD some indecision would arise.
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
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 272.68 USD. On the day, this instrument gained +5.38% and was traded between 251.52 USD and 274.00 USD over the period. The price is currently at +8.41% from its lowest and -0.48% from its highest.251.52
274.00
272.68
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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
A technical analysis in 1H of this LITECOIN - LTC/USD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
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 several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 237.29 | 251.20 | 267.26 | 272.68 | 282.34 | 296.98 | 309.26 |
| Change (%) | -12.98% | -7.88% | -1.99% | - | +3.54% | +8.91% | +13.41% |
| Change | -35.39 | -21.48 | -5.42 | - | +9.66 | +24.30 | +36.58 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Intermediate |
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 | 222.03 | 236.67 | 247.71 | 262.35 | 273.39 | 288.03 | 299.07 |
| Camarilla | 251.70 | 254.05 | 256.41 | 258.76 | 261.11 | 263.47 | 265.82 |
| Woodie | 220.24 | 235.77 | 245.92 | 261.45 | 271.60 | 287.13 | 297.28 |
| Fibonacci | 236.67 | 246.48 | 252.54 | 262.35 | 272.16 | 278.22 | 288.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 154.59 | 197.37 | 249.76 | 292.54 | 344.93 | 387.71 | 440.10 |
| Camarilla | 275.98 | 284.70 | 293.43 | 302.15 | 310.87 | 319.60 | 328.32 |
| Woodie | 159.40 | 199.77 | 254.57 | 294.94 | 349.74 | 390.11 | 444.91 |
| Fibonacci | 197.37 | 233.73 | 256.19 | 292.54 | 328.90 | 351.36 | 387.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.32 | 136.06 | 166.45 | 198.19 | 228.58 | 260.32 | 290.71 |
| Camarilla | 179.76 | 185.46 | 191.16 | 196.85 | 202.55 | 208.24 | 213.94 |
| Woodie | 103.66 | 135.72 | 165.79 | 197.85 | 227.92 | 259.98 | 290.05 |
| Fibonacci | 136.06 | 159.79 | 174.45 | 198.19 | 221.92 | 236.58 | 260.32 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.81 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 0.73 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 262.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 252.54 | |
| Elder Ray (13): | -1.02 | |
| Super Trend (3,10): | 252.57 | |
| Zig ZAG (10): | 261.95 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 63.28 | |
| TEMA (21): | 263.08 | |
| Williams %R (14): | -32.74 | |
| Chande Momentum Oscillator (20): | 4.16 | |
| Repulse (5,40,3): | 0.7900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.19 |
| MA7: | 277.10 | |
| MA20: | 251.80 | |
| MA50: | 218.11 | |
| MA100: | 193.24 | |
| MAexp7: | 265.86 | |
| MAexp20: | 262.71 | |
| MAexp50: | 263.17 | |
| MAexp100: | 266.11 | |
| Price / MA7: | -1.60% | |
| Price / MA20: | +8.29% | |
| Price / MA50: | +25.02% | |
| Price / MA100: | +41.11% | |
| Price / MAexp7: | +2.57% | |
| Price / MAexp20: | +3.80% | |
| Price / MAexp50: | +3.61% | |
| Price / MAexp100: | +2.47% |
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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