LITECOIN - LTC/USD - 1H - Technical analysis published on 06/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 164.68 USD
My targets
177.20 USD (+2.74%)
181.04 USD (+4.97%)
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 164.68 USD. The buyers' bullish objective is set at 177.20 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 181.04 USD. If there is any crossing, the next objective would be the resistance located at 237.29 USD.
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
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LITECOIN - LTC/USD rating is 172.47 USD. On the day, this instrument gained +3.60% and was between 165.80 USD and 173.30 USD. This implies that the price is at +4.02% from its lowest and at -0.48% from its highest.165.80
173.30
172.47
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/USD indicates that the overall trend is bullish. 71.43% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 162.35 | 164.68 | 171.76 | 172.47 | 177.20 | 181.04 | 237.29 |
| Change (%) | -5.87% | -4.52% | -0.41% | - | +2.74% | +4.97% | +37.58% |
| Change | -10.12 | -7.79 | -0.71 | - | +4.73 | +8.57 | +64.82 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.15 | 156.91 | 161.69 | 169.45 | 174.23 | 181.99 | 186.77 |
| Camarilla | 163.03 | 164.18 | 165.33 | 166.48 | 167.63 | 168.78 | 169.93 |
| Woodie | 147.67 | 156.17 | 160.21 | 168.71 | 172.75 | 181.25 | 185.29 |
| Fibonacci | 156.91 | 161.70 | 164.66 | 169.45 | 174.24 | 177.20 | 181.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.25 | 126.34 | 144.01 | 163.10 | 180.77 | 199.86 | 217.53 |
| Camarilla | 151.57 | 154.94 | 158.31 | 161.68 | 165.05 | 168.42 | 171.79 |
| Woodie | 106.54 | 125.99 | 143.30 | 162.75 | 180.06 | 199.51 | 216.82 |
| Fibonacci | 126.34 | 140.38 | 149.06 | 163.10 | 177.14 | 185.82 | 199.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -228.92 | -55.39 | 66.42 | 239.95 | 361.76 | 535.29 | 657.10 |
| Camarilla | 107.02 | 134.09 | 161.17 | 188.24 | 215.31 | 242.39 | 269.46 |
| Woodie | -254.77 | -68.32 | 40.57 | 227.02 | 335.91 | 522.36 | 631.25 |
| Fibonacci | -55.39 | 57.43 | 127.13 | 239.95 | 352.77 | 422.47 | 535.29 |
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): | 57.62 | |
| MACD (12,26,9): | 0.3200 | |
| Directional Movement: | 8.22 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 170.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 169.11 | |
| Elder Ray (13): | 1.45 | |
| Super Trend (3,10): | 167.98 | |
| Zig ZAG (10): | 172.41 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 94.47 | |
| TEMA (21): | 171.72 | |
| Williams %R (14): | -14.34 | |
| Chande Momentum Oscillator (20): | 5.27 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 5.03 |
| MA7: | 169.99 | |
| MA20: | 173.36 | |
| MA50: | 232.44 | |
| MA100: | 228.44 | |
| MAexp7: | 171.45 | |
| MAexp20: | 170.58 | |
| MAexp50: | 171.09 | |
| MAexp100: | 170.59 | |
| Price / MA7: | +1.46% | |
| Price / MA20: | -0.51% | |
| Price / MA50: | -25.80% | |
| Price / MA100: | -24.50% | |
| Price / MAexp7: | +0.59% | |
| Price / MAexp20: | +1.11% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +1.10% |
Quotes :
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Real time data
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Cryptocompare
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