LITECOIN - LTC/USDT - 1H - Technical analysis published on 03/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 86.34 USDT
My targets
80.19 USDT (-2.20%)
74.09 USDT (-9.64%)
My analysis
In the short term, we can see an acceleration in the bearish trend on LITECOIN - LTC/USDT, which is a positive signal for sellers. As long as the price remains above 86.34 USDT, a sale could be considered. The first bearish objective is located at 80.19 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 74.09 USDT as an objective. Crossing it would then enable sellers to target 69.22 USDT. If the price were to return above 86.34 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be 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
4.6
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Additional analysis
Quotes
The LITECOIN - LTC/USDT rating is 81.99 USDT. On the day, this instrument lost -2.32% with the lowest point at 80.67 USDT and the highest point at 84.28 USDT. The deviation from the price is +1.64% for the low point and -2.72% for the high point.80.67
84.28
81.99
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/USDT:
Technical
Technical analysis of LITECOIN - LTC/USDT in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This 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:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
The Central Indicators scanner found this result concerning these indicators:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 69.22 | 74.09 | 80.19 | 81.99 | 88.20 | 91.07 | 97.77 |
| Change (%) | -15.58% | -9.64% | -2.20% | - | +7.57% | +11.07% | +19.25% |
| Change | -12.77 | -7.90 | -1.80 | - | +6.21 | +9.08 | +15.78 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | 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 | 77.67 | 79.89 | 81.91 | 84.13 | 86.15 | 88.37 | 90.39 |
| Camarilla | 82.77 | 83.16 | 83.55 | 83.94 | 84.33 | 84.72 | 85.11 |
| Woodie | 77.58 | 79.84 | 81.82 | 84.08 | 86.06 | 88.32 | 90.30 |
| Fibonacci | 79.89 | 81.51 | 82.51 | 84.13 | 85.75 | 86.75 | 88.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.06 | 58.73 | 70.87 | 79.54 | 91.68 | 100.35 | 112.49 |
| Camarilla | 77.30 | 79.21 | 81.11 | 83.02 | 84.93 | 86.84 | 88.74 |
| Woodie | 51.81 | 59.60 | 72.62 | 80.41 | 93.43 | 101.22 | 114.24 |
| Fibonacci | 58.73 | 66.68 | 71.59 | 79.54 | 87.49 | 92.40 | 100.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.54 | 78.90 | 86.34 | 95.70 | 103.14 | 112.50 | 119.94 |
| Camarilla | 89.15 | 90.69 | 92.23 | 93.77 | 95.31 | 96.85 | 98.39 |
| Woodie | 68.57 | 78.42 | 85.37 | 95.22 | 102.17 | 112.02 | 118.97 |
| Fibonacci | 78.90 | 85.32 | 89.29 | 95.70 | 102.12 | 106.09 | 112.50 |
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): | 44.77 | |
| MACD (12,26,9): | -0.4800 | |
| Directional Movement: | -3.10 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 82.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 80.73 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 85.09 | |
| Zig ZAG (10): | 82.32 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 44.17 | |
| TEMA (21): | 82.18 | |
| Williams %R (14): | -62.45 | |
| Chande Momentum Oscillator (20): | -2.60 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 5.67 |
| MA7: | 82.03 | |
| MA20: | 83.42 | |
| MA50: | 90.45 | |
| MA100: | 83.27 | |
| MAexp7: | 82.58 | |
| MAexp20: | 83.12 | |
| MAexp50: | 83.40 | |
| MAexp100: | 82.61 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | -1.71% | |
| Price / MA50: | -9.35% | |
| Price / MA100: | -1.54% | |
| Price / MAexp7: | -0.71% | |
| Price / MAexp20: | -1.36% | |
| Price / MAexp50: | -1.69% | |
| Price / MAexp100: | -0.75% |
Quotes :
-
Real time data
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Cryptocompare
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