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LITECOIN - LTC/USDT
LITECOIN - LTC/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: LTCUSDT
ISIN:

LITECOIN - LTC/USDT - 1H - Technical analysis published on 02/07/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
17%
61%
My opinion
Bullish above 97.97 USDT
My targets
100.33 USDT (+1.65%)
102.40 USDT (+3.75%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 97.97 USDT remains possible. It is advisable to trade LITECOIN - LTC/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 97.97 USDT. The next bullish objective for buyers is set at 100.33 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 102.40 USDT. If there is any crossing, the next objective would be the resistance located at 107.23 USDT. PS: if there is a bearish break in the support located at 97.97 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.8

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.

Oli
This analysis was given by Oli. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The LITECOIN - LTC/USDT price is 98.70 USDT. The price has increased by +2.90% since the last closing and was between 95.91 USDT and 100.78 USDT. This implies that the price is at +2.91% from its lowest and at -2.06% from its highest.

95.91
100.78
98.70

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of LITECOIN - LTC/USDT in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 11 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

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


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour


Long black line

Type : Bearish

Timeframe : 1 hour


Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 94.91 96.21 97.97 98.70 100.33 102.40 107.23
Change (%) -3.84% -2.52% -0.74% - +1.65% +3.75% +8.64%
Change -3.79 -2.49 -0.73 - +1.63 +3.70 +8.53
Level Major Minor Intermediate - Major Minor 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
Standard91.5993.2694.5996.2697.5999.26100.59
Camarilla95.1095.3795.6595.9296.2096.4796.75
Woodie91.4293.1894.4296.1897.4299.18100.42
Fibonacci93.2694.4195.1196.2697.4198.1199.26


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard77.5483.2990.8996.64104.24109.99117.59
Camarilla94.8196.0397.2698.4899.70100.93102.15
Woodie78.4683.7591.8197.10105.16110.45118.51
Fibonacci83.2988.3991.5496.64101.74104.89109.99


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard47.6758.3676.2386.92104.79115.48133.35
Camarilla86.2688.8791.4994.1196.7399.35101.96
Woodie51.2760.1679.8388.72108.39117.28136.95
Fibonacci58.3669.2776.0186.9297.83104.57115.48

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): 53.46
MACD (12,26,9): 0.5400
Directional Movement: 10.59
AROON (14): -7.14
DEMA (21): 99.51
Parabolic SAR (0,02-0,02-0,2): 100.78
Elder Ray (13): 0.31
Super Trend (3,10): 97.26
Zig ZAG (10): 99.14
VORTEX (21): 1.0400
Stochastique (14,3,5): 51.71
TEMA (21): 99.74
Williams %R (14): -62.59
Chande Momentum Oscillator (20): 0.08
Repulse (5,40,3): -0.2600
ROCnROLL: -1
TRIX (15,9): 0.0900
Courbe Coppock: 2.18
MA7: 98.39
MA20: 92.59
MA50: 82.23
MA100: 75.46
MAexp7: 99.22
MAexp20: 98.76
MAexp50: 98.12
MAexp100: 97.84
Price / MA7: +0.32%
Price / MA20: +6.60%
Price / MA50: +20.03%
Price / MA100: +30.80%
Price / MAexp7: -0.52%
Price / MAexp20: -0.06%
Price / MAexp50: +0.59%
Price / MAexp100: +0.88%

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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Londinia AI

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