LITECOIN - LTC/USDT - 1H - Technical analysis published on 04/24/2023 (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 bullish
Underlying:
Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 83.53 USDT
My targets
89.91 USDT (+3.06%)
93.17 USDT (+6.80%)
My analysis
The current short-term bullish acceleration on LITECOIN - LTC/USDT should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 83.53 USDT. Short-term buyers will use the resistance located at 89.91 USDT as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 93.17 USDT. Crossing this resistance would then open the door for buyers to target 97.77 USDT. Caution, if there is a return to under 83.53 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
0
10
3.4
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Additional analysis
Quotes
LITECOIN - LTC/USDT rating 87.24 USDT. The price registered an increase of +0.57% on the session and was traded between 86.24 USDT and 88.47 USDT over the period. The price is currently at +1.16% from its lowest and -1.39% from its highest.86.24
88.47
87.24
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 50.10 | 69.21 | 80.19 | 87.24 | 89.91 | 93.17 | 97.77 |
| Change (%) | -42.57% | -20.67% | -8.08% | - | +3.06% | +6.80% | +12.07% |
| Change | -37.14 | -18.03 | -7.05 | - | +2.67 | +5.93 | +10.53 |
| 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 | 82.19 | 83.24 | 84.99 | 86.04 | 87.79 | 88.84 | 90.59 |
| Camarilla | 85.98 | 86.24 | 86.49 | 86.75 | 87.01 | 87.26 | 87.52 |
| Woodie | 82.55 | 83.42 | 85.35 | 86.22 | 88.15 | 89.02 | 90.95 |
| Fibonacci | 83.24 | 84.31 | 84.97 | 86.04 | 87.11 | 87.77 | 88.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.37 | 72.96 | 79.99 | 91.58 | 98.61 | 110.20 | 117.23 |
| Camarilla | 81.89 | 83.60 | 85.30 | 87.01 | 88.72 | 90.42 | 92.13 |
| Woodie | 59.08 | 71.82 | 77.70 | 90.44 | 96.32 | 109.06 | 114.94 |
| Fibonacci | 72.96 | 80.08 | 84.47 | 91.58 | 98.70 | 103.09 | 110.20 |
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): | 57.53 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | 8.42 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 87.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 86.32 | |
| Elder Ray (13): | 0.48 | |
| Super Trend (3,10): | 85.35 | |
| Zig ZAG (10): | 87.35 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 79.08 | |
| TEMA (21): | 87.62 | |
| Williams %R (14): | -26.97 | |
| Chande Momentum Oscillator (20): | 2.49 | |
| Repulse (5,40,3): | -0.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 3.07 |
| MA7: | 89.85 | |
| MA20: | 92.50 | |
| MA50: | 88.24 | |
| MA100: | 90.19 | |
| MAexp7: | 87.37 | |
| MAexp20: | 86.97 | |
| MAexp50: | 87.05 | |
| MAexp100: | 88.50 | |
| Price / MA7: | -2.90% | |
| Price / MA20: | -5.69% | |
| Price / MA50: | -1.13% | |
| Price / MA100: | -3.27% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | -1.42% |
Quotes :
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Real time data
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Cryptocompare
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