LITECOIN - LTC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LTCUSD
ISIN:

LITECOIN - LTC/USD - 1H - Technical analysis published on 05/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

44%

My opinion

Bullish above 81.57 USD

My targets

83.00 USD (+0.63%)

87.96 USD (+6.64%)

My analysis

The bullish trend is currently very strong on LITECOIN - LTC/USD. As long as the price remains above the support at 81.57 USD, you could try to benefit from the boom. The first bullish objective is located at 83.00 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 87.96 USD as an objective. Crossing it would then enable buyers to target 94.52 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.5

Comment on the analysis

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 82.48 USD. The price registered a decrease of -0.04% on the session with the lowest point at 82.07 USD and the highest point at 82.82 USD. The deviation from the price is +0.50% for the low point and -0.41% for the high point.

82.07

82.82

82.48

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 strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported 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.

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	79.58	81.57	82.48	82.48	83.00	83.47	87.96
Change (%)	-3.52%	-1.10%	0%	-	+0.63%	+1.20%	+6.64%
Change	-2.90	-0.91	0	-	+0.52	+0.99	+5.48
Level	Intermediate	Minor	Intermediate	-	Minor	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	74.90	76.58	79.54	81.22	84.18	85.86	88.82
Camarilla	81.23	81.66	82.09	82.51	82.94	83.36	83.79
Woodie	75.55	76.90	80.19	81.54	84.83	86.18	89.47
Fibonacci	76.58	78.35	79.44	81.22	82.99	84.08	85.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	74.45	76.90	79.13	81.58	83.81	86.26	88.49
Camarilla	80.08	80.51	80.94	81.37	81.80	82.23	82.66
Woodie	74.35	76.85	79.03	81.53	83.71	86.21	88.39
Fibonacci	76.90	78.68	79.79	81.58	83.36	84.47	86.26

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.78	45.84	62.64	87.70	104.50	129.56	146.36
Camarilla	67.94	71.78	75.61	79.45	83.29	87.12	90.96
Woodie	16.66	43.78	58.52	85.64	100.38	127.50	142.24
Fibonacci	45.84	61.83	71.71	87.70	103.69	113.57	129.56

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):	68.41
MACD (12,26,9):	0.7000
Directional Movement:	22.97
AROON (14):	42.86
DEMA (21):	82.61
Parabolic SAR (0,02-0,02-0,2):	82.27
Elder Ray (13):	0.33
Super Trend (3,10):	81.27
Zig ZAG (10):	82.47
VORTEX (21):	1.3500
Stochastique (14,3,5):	77.25
TEMA (21):	83.00
Williams %R (14):	-22.75
Chande Momentum Oscillator (20):	0.39
Repulse (5,40,3):	0.0000
ROCnROLL:	1
TRIX (15,9):	0.1400
Courbe Coppock:	4.04

MA7:	81.04
MA20:	81.47
MA50:	87.57
MA100:	84.21
MAexp7:	82.37
MAexp20:	81.69
MAexp50:	80.91
MAexp100:	80.80
Price / MA7:	+1.78%
Price / MA20:	+1.24%
Price / MA50:	-5.81%
Price / MA100:	-2.05%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.97%
Price / MAexp50:	+1.94%
Price / MAexp100:	+2.08%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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