LITECOIN - LTC/USD - Daily - Technical analysis published on 05/16/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 266.82 USD
My targets
340.20 USD (+12.39%)
356.13 USD (+17.66%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on LITECOIN - LTC/USD. As long as you are above the support located at 266.82 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 340.20 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 356.13 USD as an objective. Crossing it would then enable buyers to target 387.96 USD. If the support 266.82 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.1
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This analysis was given by imorton777. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LITECOIN - LTC/USD rating is 302.69 USD. The price has increased by +1.03% since the last closing with the lowest point at 297.19 USD and the highest point at 323.68 USD. The deviation from the price is +1.85% for the low point and -6.48% for the high point.297.19
323.68
302.69
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of LITECOIN - LTC/USD in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 123.19 | 171.76 | 237.29 | 302.69 | 309.26 | 356.13 | 387.96 |
| Change (%) | -59.30% | -43.26% | -21.61% | - | +2.17% | +17.66% | +28.17% |
| Change | -179.50 | -130.93 | -65.40 | - | +6.57 | +53.44 | +85.27 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 252.13 | 274.50 | 287.05 | 309.42 | 321.97 | 344.34 | 356.89 |
| Camarilla | 290.01 | 293.21 | 296.41 | 299.61 | 302.81 | 306.01 | 309.21 |
| Woodie | 247.23 | 272.05 | 282.15 | 306.97 | 317.07 | 341.89 | 351.99 |
| Fibonacci | 274.50 | 287.84 | 296.08 | 309.42 | 322.76 | 331.00 | 344.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 134.81 | 213.32 | 256.46 | 334.97 | 378.11 | 456.62 | 499.76 |
| Camarilla | 266.16 | 277.31 | 288.46 | 299.61 | 310.76 | 321.91 | 333.06 |
| Woodie | 117.14 | 204.48 | 238.79 | 326.13 | 360.44 | 447.78 | 482.09 |
| Fibonacci | 213.32 | 259.79 | 288.50 | 334.97 | 381.44 | 410.15 | 456.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.44 | 124.94 | 198.32 | 266.82 | 340.20 | 408.70 | 482.08 |
| Camarilla | 232.68 | 245.69 | 258.69 | 271.70 | 284.71 | 297.71 | 310.72 |
| Woodie | 58.88 | 126.16 | 200.76 | 268.04 | 342.64 | 409.92 | 484.52 |
| Fibonacci | 124.94 | 179.14 | 212.62 | 266.82 | 321.02 | 354.50 | 408.70 |
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): | 49.51 | |
| MACD (12,26,9): | 16.3100 | |
| Directional Movement: | 7.11 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 336.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 397.45 | |
| Elder Ray (13): | -8.58 | |
| Super Trend (3,10): | 261.59 | |
| Zig ZAG (10): | 299.55 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 28.47 | |
| TEMA (21): | 334.09 | |
| Williams %R (14): | -79.17 | |
| Chande Momentum Oscillator (20): | -6.10 | |
| Repulse (5,40,3): | -16.6600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.2200 | |
| Courbe Coppock: | 38.78 |
| MA7: | 326.70 | |
| MA20: | 313.65 | |
| MA50: | 268.41 | |
| MA100: | 231.37 | |
| MAexp7: | 318.38 | |
| MAexp20: | 312.03 | |
| MAexp50: | 277.15 | |
| MAexp100: | 237.80 | |
| Price / MA7: | -7.35% | |
| Price / MA20: | -3.49% | |
| Price / MA50: | +12.77% | |
| Price / MA100: | +30.83% | |
| Price / MAexp7: | -4.93% | |
| Price / MAexp20: | -2.99% | |
| Price / MAexp50: | +9.22% | |
| Price / MAexp100: | +27.29% |
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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