Londinia Opportunities Analyses - 04/30/2024 (GMT) LITECOIN - LTC/USDT - 1H

- USDT (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	LTCUSDT
ISIN:

Londinia

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

89%

My opinion

Bearish under 81.75 USDT

My targets

78.49 USDT (-2.23%)

75.13 USDT (-6.42%)

My analysis

The bearish trend is currently very strong for LITECOIN - LTC/USDT. As long as the price remains below the resistance at 81.75 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 78.49 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 75.13 USDT as an objective. Crossing it would then enable sellers to target 68.92 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

8.8

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Additional analysis

Quotes

The LITECOIN - LTC/USDT price is 80.28 USDT. The price registered a decrease of -3.87% on the session and was between 80.07 USDT and 84.53 USDT. This implies that the price is at +0.26% from its lowest and at -5.03% from its highest.

80.07

84.53

80.28

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

Technical

A technical analysis in 1H of this LITECOIN - LTC/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned bearish. 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

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	64.29	68.92	78.49	80.28	81.75	82.35	83.18
Change (%)	-19.92%	-14.15%	-2.23%	-	+1.83%	+2.58%	+3.61%
Change	-15.99	-11.36	-1.79	-	+1.47	+2.07	+2.90
Level	Intermediate	Minor	Intermediate	-	Minor	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	77.75	79.75	81.63	83.63	85.51	87.51	89.39
Camarilla	82.44	82.80	83.15	83.51	83.87	84.22	84.58
Woodie	77.69	79.72	81.57	83.60	85.45	87.48	89.33
Fibonacci	79.75	81.23	82.15	83.63	85.11	86.03	87.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.13	78.74	81.31	84.92	87.49	91.10	93.67
Camarilla	82.18	82.75	83.31	83.88	84.45	85.01	85.58
Woodie	74.61	78.48	80.79	84.66	86.97	90.84	93.15
Fibonacci	78.74	81.10	82.56	84.92	87.28	88.74	91.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.61	64.31	84.80	97.50	117.99	130.69	151.18
Camarilla	96.17	99.22	102.26	105.30	108.34	111.39	114.43
Woodie	55.52	66.26	88.71	99.45	121.90	132.64	155.09
Fibonacci	64.31	76.99	84.82	97.50	110.18	118.01	130.69

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):	31.30
MACD (12,26,9):	-0.7000
Directional Movement:	-22.02
AROON (14):	-78.57
DEMA (21):	81.62
Parabolic SAR (0,02-0,02-0,2):	83.86
Elder Ray (13):	-1.68
Super Trend (3,10):	82.95
Zig ZAG (10):	80.34
VORTEX (21):	0.8300
Stochastique (14,3,5):	9.35
TEMA (21):	81.24
Williams %R (14):	-93.73
Chande Momentum Oscillator (20):	-3.18
Repulse (5,40,3):	-1.6400
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	3.72

MA7:	83.84
MA20:	83.41
MA50:	90.05
MA100:	81.98
MAexp7:	81.44
MAexp20:	82.43
MAexp50:	83.30
MAexp100:	83.95
Price / MA7:	-4.25%
Price / MA20:	-3.75%
Price / MA50:	-10.85%
Price / MA100:	-2.07%
Price / MAexp7:	-1.42%
Price / MAexp20:	-2.61%
Price / MAexp50:	-3.63%
Price / MAexp100:	-4.37%

Quotes : - Real time data - Cryptocompare