LITECOIN - LTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LTCUSDT
ISIN:

LITECOIN - LTC/USDT - Daily - Technical analysis published on 03/24/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 80.19 USDT

My targets

97.77 USDT (+8.12%)

105.88 USDT (+17.09%)

My analysis

LITECOIN - LTC/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 80.19 USDT. The next resistance located at 97.77 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 105.88 USDT. After this resistance, buyers could then target 177.18 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

Comment on the analysis

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

LITECOIN - LTC/USDT rating 90.43 USDT. The price is lower by -3.40% since the last closing and was traded between 89.16 USDT and 95.92 USDT over the period. The price is currently at +1.42% from its lowest and -5.72% from its highest.

89.16

95.92

90.43

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of LITECOIN - LTC/USDT indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	63.37	69.21	80.19	90.43	91.07	97.77	105.88
Change (%)	-29.92%	-23.47%	-11.32%	-	+0.71%	+8.12%	+17.09%
Change	-27.06	-21.22	-10.24	-	+0.64	+7.34	+15.45
Level	Minor	Intermediate	Intermediate	-	Intermediate	Minor	Intermediate

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	79.09	82.35	87.98	91.24	96.87	100.13	105.76
Camarilla	91.17	91.98	92.80	93.61	94.43	95.24	96.06
Woodie	80.28	82.94	89.17	91.83	98.06	100.72	106.95
Fibonacci	82.35	85.75	87.84	91.24	94.64	96.73	100.13

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.82
MACD (12,26,9):	-0.3300
Directional Movement:	7.90
AROON (14):	92.86
DEMA (21):	83.95
Parabolic SAR (0,02-0,02-0,2):	70.85
Elder Ray (13):	7.29
Super Trend (3,10):	71.77
Zig ZAG (10):	91.51
VORTEX (21):	1.0200
Stochastique (14,3,5):	92.73
TEMA (21):	85.06
Williams %R (14):	-14.31
Chande Momentum Oscillator (20):	15.40
Repulse (5,40,3):	7.6700
ROCnROLL:	1
TRIX (15,9):	-0.4200
Courbe Coppock:	16.27

MA7:	85.67
MA20:	82.29
MA50:	90.40
MA100:	83.62
MAexp7:	86.98
MAexp20:	85.26
MAexp50:	86.32
MAexp100:	83.03
Price / MA7:	+5.56%
Price / MA20:	+9.89%
Price / MA50:	+0.03%
Price / MA100:	+8.14%
Price / MAexp7:	+3.97%
Price / MAexp20:	+6.06%
Price / MAexp50:	+4.76%
Price / MAexp100:	+8.91%

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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