LITECOIN - LTC/USD - 1H - Technical analysis published on 12/02/2023 (GMT)
- 134
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 70.82 USD
My targets
72.18 USD (+0.85%)
75.24 USD (+5.13%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 70.82 USD remains possible. 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 70.82 USD. The next bullish objective for buyers is set at 72.18 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 75.24 USD. If there is any crossing, the next objective would be the resistance located at 85.83 USD. PS: if there is a bearish break in the support located at 70.82 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8
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
The LITECOIN - LTC/USD rating is 71.57 USD. The price is lower by -0.06% since the last closing and was between 71.29 USD and 72.15 USD. This implies that the price is at +0.39% from its lowest and at -0.80% from its highest.71.29
72.15
71.57
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
Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USD:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this LITECOIN - LTC/USD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 69.18 | 70.48 | 70.82 | 71.57 | 72.18 | 75.24 | 85.83 |
| Change (%) | -3.34% | -1.52% | -1.05% | - | +0.85% | +5.13% | +19.92% |
| Change | -2.39 | -1.09 | -0.75 | - | +0.61 | +3.67 | +14.26 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.81 | 68.00 | 69.81 | 71.00 | 72.81 | 74.00 | 75.81 |
| Camarilla | 70.79 | 71.06 | 71.34 | 71.61 | 71.89 | 72.16 | 72.44 |
| Woodie | 67.11 | 68.16 | 70.11 | 71.16 | 73.11 | 74.16 | 76.11 |
| Fibonacci | 68.00 | 69.15 | 69.86 | 71.00 | 72.15 | 72.86 | 74.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.38 | 62.80 | 67.33 | 69.75 | 74.28 | 76.70 | 81.23 |
| Camarilla | 69.95 | 70.59 | 71.22 | 71.86 | 72.50 | 73.13 | 73.77 |
| Woodie | 61.44 | 63.33 | 68.39 | 70.28 | 75.34 | 77.23 | 82.29 |
| Fibonacci | 62.80 | 65.46 | 67.10 | 69.75 | 72.41 | 74.05 | 76.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.69 | 58.95 | 64.21 | 70.47 | 75.73 | 81.99 | 87.25 |
| Camarilla | 66.29 | 67.35 | 68.40 | 69.46 | 70.52 | 71.57 | 72.63 |
| Woodie | 52.18 | 58.70 | 63.70 | 70.22 | 75.22 | 81.74 | 86.74 |
| Fibonacci | 58.95 | 63.35 | 66.07 | 70.47 | 74.87 | 77.59 | 81.99 |
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): | 50.21 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | -1.92 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 71.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 72.06 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 71.23 | |
| Zig ZAG (10): | 71.52 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 31.59 | |
| TEMA (21): | 71.74 | |
| Williams %R (14): | -73.26 | |
| Chande Momentum Oscillator (20): | -0.40 | |
| Repulse (5,40,3): | -0.3800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.02 |
| MA7: | 70.21 | |
| MA20: | 70.30 | |
| MA50: | 69.13 | |
| MA100: | 66.68 | |
| MAexp7: | 71.64 | |
| MAexp20: | 71.67 | |
| MAexp50: | 71.15 | |
| MAexp100: | 70.62 | |
| Price / MA7: | +1.94% | |
| Price / MA20: | +1.81% | |
| Price / MA50: | +3.53% | |
| Price / MA100: | +7.33% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +1.35% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis LITECOIN - LTC/USD - 1H