LITECOIN - LTC/USDT - 1H - Technical analysis published on 04/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 89.91 USDT
My targets
84.96 USDT (-0.84%)
80.19 USDT (-6.41%)
My analysis
LITECOIN - LTC/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 89.91 USDT. The next support located at 84.96 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 80.19 USDT. Below this support, sellers could then target 69.21 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LITECOIN - LTC/USDT rating 85.68 USDT. On the day, this instrument gained +0.41% and was traded between 84.78 USDT and 85.99 USDT over the period. The price is currently at +1.06% from its lowest and -0.36% from its highest.84.78
85.99
85.68
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 50.10 | 69.21 | 80.19 | 85.68 | 89.91 | 93.17 | 97.77 |
| Change (%) | -41.53% | -19.22% | -6.41% | - | +4.94% | +8.74% | +14.11% |
| Change | -35.58 | -16.47 | -5.49 | - | +4.23 | +7.49 | +12.09 |
| Level | Major | Intermediate | Minor | - | Minor | Major | 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 | 76.66 | 80.61 | 82.97 | 86.92 | 89.28 | 93.23 | 95.59 |
| Camarilla | 83.60 | 84.17 | 84.75 | 85.33 | 85.91 | 86.49 | 87.07 |
| Woodie | 75.87 | 80.21 | 82.18 | 86.52 | 88.49 | 92.83 | 94.80 |
| Fibonacci | 80.61 | 83.02 | 84.51 | 86.92 | 89.33 | 90.82 | 93.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.76 | 84.96 | 90.82 | 95.02 | 100.88 | 105.08 | 110.94 |
| Camarilla | 93.92 | 94.85 | 95.77 | 96.69 | 97.61 | 98.53 | 99.46 |
| Woodie | 81.60 | 85.38 | 91.66 | 95.44 | 101.72 | 105.50 | 111.78 |
| Fibonacci | 84.96 | 88.80 | 91.17 | 95.02 | 98.86 | 101.23 | 105.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.34 | 52.72 | 71.15 | 83.53 | 101.96 | 114.34 | 132.77 |
| Camarilla | 81.10 | 83.92 | 86.75 | 89.57 | 92.39 | 95.22 | 98.04 |
| Woodie | 43.36 | 54.23 | 74.17 | 85.04 | 104.98 | 115.85 | 135.79 |
| Fibonacci | 52.72 | 64.49 | 71.76 | 83.53 | 95.30 | 102.57 | 114.34 |
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): | 39.03 | |
| MACD (12,26,9): | -1.0800 | |
| Directional Movement: | -12.92 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 85.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 86.33 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 88.38 | |
| Zig ZAG (10): | 85.88 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 24.44 | |
| TEMA (21): | 85.12 | |
| Williams %R (14): | -77.05 | |
| Chande Momentum Oscillator (20): | -2.59 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 7.40 |
| MA7: | 93.22 | |
| MA20: | 93.01 | |
| MA50: | 88.32 | |
| MA100: | 89.98 | |
| MAexp7: | 85.80 | |
| MAexp20: | 86.75 | |
| MAexp50: | 88.90 | |
| MAexp100: | 91.45 | |
| Price / MA7: | -8.09% | |
| Price / MA20: | -7.88% | |
| Price / MA50: | -2.99% | |
| Price / MA100: | -4.78% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -1.23% | |
| Price / MAexp50: | -3.62% | |
| Price / MAexp100: | -6.31% |
Quotes :
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Real time data
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Cryptocompare
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