LITECOIN - LTC/USD - Daily - Technical analysis published on 12/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Bearish under 69.31 USD
My targets
63.72 USD (-2.79%)
58.85 USD (-10.22%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for LITECOIN - LTC/USD as long as the price remains well below 69.31 USD. The next bearish objective for sellers is set at 63.72 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 58.85 USD. In case of crossing, the next objective would be the support located at 50.46 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 63.72 USD. With this support, against the trend traders who want to buy LITECOIN - LTC/USD on a buy signal from their trading strategy should not hesitate to act.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
1.6
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LITECOIN - LTC/USD rating 65.55 USD. The price is lower by -0.18% since the last closing and was traded between 64.67 USD and 66.78 USD over the period. The price is currently at +1.36% from its lowest and -1.84% from its highest.64.67
66.78
65.55
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of LITECOIN - LTC/USD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 50.46 | 58.85 | 63.72 | 65.55 | 69.31 | 73.90 | 80.21 |
| Change (%) | -23.02% | -10.22% | -2.79% | - | +5.74% | +12.74% | +22.36% |
| Change | -15.09 | -6.70 | -1.83 | - | +3.76 | +8.35 | +14.66 |
| Level | Major | Minor | Major | - | Minor | Intermediate | Major |
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 | 60.94 | 62.04 | 63.85 | 64.95 | 66.76 | 67.86 | 69.67 |
| Camarilla | 64.87 | 65.14 | 65.40 | 65.67 | 65.94 | 66.20 | 66.47 |
| Woodie | 61.31 | 62.22 | 64.22 | 65.13 | 67.13 | 68.04 | 70.04 |
| Fibonacci | 62.04 | 63.15 | 63.84 | 64.95 | 66.06 | 66.75 | 67.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.66 | 52.26 | 58.59 | 69.19 | 75.52 | 86.12 | 92.45 |
| Camarilla | 60.27 | 61.83 | 63.38 | 64.93 | 66.48 | 68.03 | 69.59 |
| Woodie | 39.54 | 51.19 | 56.47 | 68.12 | 73.40 | 85.05 | 90.33 |
| Fibonacci | 52.26 | 58.72 | 62.72 | 69.19 | 75.65 | 79.65 | 86.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.23 | 34.88 | 57.06 | 69.71 | 91.89 | 104.54 | 126.72 |
| Camarilla | 69.65 | 72.85 | 76.04 | 79.23 | 82.42 | 85.62 | 88.81 |
| Woodie | 26.99 | 37.26 | 61.82 | 72.09 | 96.65 | 106.92 | 131.48 |
| Fibonacci | 34.88 | 48.19 | 56.41 | 69.71 | 83.02 | 91.24 | 104.54 |
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): | 39.45 | |
| MACD (12,26,9): | -1.5700 | |
| Directional Movement: | -7.15 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 69.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.65 | |
| Elder Ray (13): | -3.60 | |
| Super Trend (3,10): | 75.84 | |
| Zig ZAG (10): | 65.82 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 19.73 | |
| TEMA (21): | 65.67 | |
| Williams %R (14): | -75.44 | |
| Chande Momentum Oscillator (20): | -10.59 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 28.27 |
| MA7: | 66.07 | |
| MA20: | 73.38 | |
| MA50: | 69.08 | |
| MA100: | 61.38 | |
| MAexp7: | 66.92 | |
| MAexp20: | 70.45 | |
| MAexp50: | 68.52 | |
| MAexp100: | 65.28 | |
| Price / MA7: | -0.79% | |
| Price / MA20: | -10.67% | |
| Price / MA50: | -5.11% | |
| Price / MA100: | +6.79% | |
| Price / MAexp7: | -2.05% | |
| Price / MAexp20: | -6.96% | |
| Price / MAexp50: | -4.33% | |
| Price / MAexp100: | +0.41% |
Quotes :
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Real time data
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Cryptocompare
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