LITECOIN - LTC/USD - 1H - Technical analysis published on 03/29/2024 (GMT)
- 142
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
56%
6%
39%
My opinion
Neutral between 89.87 USD and 96.41 USD
My targets
-
My analysis
The short-term decline on LITECOIN - LTC/USD remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 89.87 USD. The first resistance is located at 96.41 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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 94.08 USD. The price is lower by -0.06% since the last closing and was traded between 93.43 USD and 95.48 USD over the period. The price is currently at +0.70% from its lowest and -1.47% from its highest.93.43
95.48
94.08
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
Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USD:
Technical
A technical analysis in 1H of this LITECOIN - LTC/USD chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 80.64 | 83.28 | 87.59 | 94.08 | 94.52 | 96.41 | 98.82 |
| Change (%) | -14.29% | -11.48% | -6.90% | - | +0.47% | +2.48% | +5.04% |
| Change | -13.44 | -10.80 | -6.49 | - | +0.44 | +2.33 | +4.74 |
| Level | Minor | Intermediate | Major | - | 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 | 89.79 | 91.61 | 92.87 | 94.69 | 95.95 | 97.77 | 99.03 |
| Camarilla | 93.29 | 93.58 | 93.86 | 94.14 | 94.42 | 94.71 | 94.99 |
| Woodie | 89.52 | 91.47 | 92.60 | 94.55 | 95.68 | 97.63 | 98.76 |
| Fibonacci | 91.61 | 92.78 | 93.51 | 94.69 | 95.86 | 96.59 | 97.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.81 | 72.40 | 78.84 | 83.43 | 89.87 | 94.46 | 100.90 |
| Camarilla | 82.24 | 83.25 | 84.26 | 85.27 | 86.28 | 87.29 | 88.30 |
| Woodie | 68.73 | 72.86 | 79.76 | 83.89 | 90.79 | 94.92 | 101.82 |
| Fibonacci | 72.40 | 76.62 | 79.22 | 83.43 | 87.65 | 90.25 | 94.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.67 | 60.01 | 69.97 | 77.31 | 87.27 | 94.61 | 104.57 |
| Camarilla | 75.18 | 76.77 | 78.35 | 79.94 | 81.53 | 83.11 | 84.70 |
| Woodie | 53.99 | 60.67 | 71.29 | 77.97 | 88.59 | 95.27 | 105.89 |
| Fibonacci | 60.01 | 66.62 | 70.70 | 77.31 | 83.92 | 88.00 | 94.61 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.84 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | 7.83 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 94.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 93.55 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 92.78 | |
| Zig ZAG (10): | 94.83 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 51.31 | |
| TEMA (21): | 94.23 | |
| Williams %R (14): | -34.63 | |
| Chande Momentum Oscillator (20): | 0.84 | |
| Repulse (5,40,3): | 0.5600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.83 |
| MA7: | 92.02 | |
| MA20: | 90.14 | |
| MA50: | 81.84 | |
| MA100: | 75.71 | |
| MAexp7: | 94.56 | |
| MAexp20: | 94.50 | |
| MAexp50: | 94.36 | |
| MAexp100: | 93.07 | |
| Price / MA7: | +2.24% | |
| Price / MA20: | +4.37% | |
| Price / MA50: | +14.96% | |
| Price / MA100: | +24.26% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | +1.09% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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