Londinia Opportunities Analyses - 12/03/2021 (GMT) LITECOIN - LTC/USDT - 1H

LITECOIN - LTC/USDT
- USDT (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: LTCUSDT
ISIN:

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 200.50 USDT
My targets
187.73 USDT (-4.12%)
182.79 USDT (-6.64%)
My analysis
LITECOIN - LTC/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 200.50 USDT. The next support located at 187.73 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 182.79 USDT. Below this support, sellers could then target 177.18 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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
7.9

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Additional analysis

Quotes

The LITECOIN - LTC/USDT price is 195.80 USDT. The price is lower by -3.76% since the last closing and was traded between 194.37 USDT and 207.74 USDT over the period. The price is currently at +0.74% from its lowest and -5.75% from its highest.

194.37
207.74
195.80

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of LITECOIN - LTC/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour



Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 2

Type : Neutral

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 182.79 187.73 194.77 195.80 200.50 209.10 214.36
Change (%) -6.64% -4.12% -0.53% - +2.40% +6.79% +9.48%
Change -13.01 -8.07 -1.03 - +4.70 +13.30 +18.56
Level Intermediate Minor Major - Major 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
Standard189.82195.16199.30204.64208.78214.12218.26
Camarilla200.84201.71202.58203.45204.32205.19206.06
Woodie189.23194.86198.71204.34208.19213.82217.67
Fibonacci195.16198.78201.02204.64208.26210.50214.12


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard140.99165.88180.50205.39220.01244.90259.52
Camarilla184.27187.89191.51195.13198.75202.37206.00
Woodie135.87163.31175.38202.82214.89242.33254.40
Fibonacci165.88180.97190.29205.39220.48229.80244.90


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard49.88116.34161.97228.43274.06340.52386.15
Camarilla176.79187.06197.34207.61217.89228.16238.44
Woodie39.48111.13151.57223.22263.66335.31375.75
Fibonacci116.34159.16185.61228.43271.25297.70340.52

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): 31.76
MACD (12,26,9): -1.1600
Directional Movement: -18.46
AROON (14): -21.43
DEMA (21): 201.57
Parabolic SAR (0,02-0,02-0,2): 207.54
Elder Ray (13): -5.11
Super Trend (3,10): 204.51
Zig ZAG (10): 196.33
VORTEX (21): 0.7900
Stochastique (14,3,5): 13.35
TEMA (21): 200.77
Williams %R (14): -98.75
Chande Momentum Oscillator (20): -6.36
Repulse (5,40,3): -5.0800
ROCnROLL: 2
TRIX (15,9): -0.0500
Courbe Coppock: 1.24
MA7: 202.11
MA20: 217.32
MA50: 210.64
MA100: 192.66
MAexp7: 200.75
MAexp20: 203.13
MAexp50: 204.65
MAexp100: 204.99
Price / MA7: -3.12%
Price / MA20: -9.90%
Price / MA50: -7.05%
Price / MA100: +1.63%
Price / MAexp7: -2.47%
Price / MAexp20: -3.61%
Price / MAexp50: -4.32%
Price / MAexp100: -4.48%

Quotes : - Real time data - Cryptocompare