LITECOIN - LTC/USD - 1H - Technical analysis published on 12/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 74.08 USD
My targets
72.73 USD (-0.75%)
72.07 USD (-1.65%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 74.08 USD remains possible. It is advisable to trade LITECOIN - LTC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 74.08 USD. The next bearish objective for sellers is set at 72.73 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 72.07 USD. In case of crossing, the next objective would be the support located at 71.13 USD. PS: if there is a bullish break in the resistance located at 74.08 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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Additional analysis
Quotes
The LITECOIN - LTC/USD price is 73.28 USD. On the day, this instrument lost -0.01% with the lowest point at 72.27 USD and the highest point at 73.33 USD. The deviation from the price is +1.40% for the low point and -0.07% for the high point.72.27
73.33
73.28
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of LITECOIN - LTC/USD in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 71.13 | 72.07 | 72.73 | 73.28 | 74.08 | 75.00 | 77.80 |
| Change (%) | -2.93% | -1.65% | -0.75% | - | +1.09% | +2.35% | +6.17% |
| Change | -2.15 | -1.21 | -0.55 | - | +0.80 | +1.72 | +4.52 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.83 | 71.60 | 72.45 | 73.22 | 74.07 | 74.84 | 75.69 |
| Camarilla | 72.85 | 72.99 | 73.14 | 73.29 | 73.44 | 73.59 | 73.74 |
| Woodie | 70.86 | 71.62 | 72.48 | 73.24 | 74.10 | 74.86 | 75.72 |
| Fibonacci | 71.60 | 72.22 | 72.60 | 73.22 | 73.84 | 74.22 | 74.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.98 | 66.04 | 69.67 | 73.73 | 77.36 | 81.42 | 85.05 |
| Camarilla | 71.18 | 71.88 | 72.59 | 73.29 | 74.00 | 74.70 | 75.41 |
| Woodie | 61.76 | 65.93 | 69.45 | 73.62 | 77.14 | 81.31 | 84.83 |
| Fibonacci | 66.04 | 68.98 | 70.80 | 73.73 | 76.67 | 78.49 | 81.42 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.64 | |
| MACD (12,26,9): | -0.2700 | |
| Directional Movement: | -16.44 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 72.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 73.40 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 73.87 | |
| Zig ZAG (10): | 73.00 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 49.84 | |
| TEMA (21): | 72.86 | |
| Williams %R (14): | -39.17 | |
| Chande Momentum Oscillator (20): | -0.29 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 0.91 |
| MA7: | 73.96 | |
| MA20: | 72.49 | |
| MA50: | 72.04 | |
| MA100: | 69.31 | |
| MAexp7: | 72.96 | |
| MAexp20: | 73.14 | |
| MAexp50: | 73.75 | |
| MAexp100: | 74.00 | |
| Price / MA7: | -0.92% | |
| Price / MA20: | +1.09% | |
| Price / MA50: | +1.72% | |
| Price / MA100: | +5.73% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | -0.64% | |
| Price / MAexp100: | -0.97% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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