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 04/24/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

28%

44%

28%

My opinion

Bearish under 93.17 USDT

My targets

80.19 USDT (-8.71%)

69.21 USDT (-21.21%)

My analysis

The current short-term bearish acceleration registered on LITECOIN - LTC/USDT should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 93.17 USDT. Short-term sellers will use the support located at 80.19 USDT as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 69.21 USDT. Crossing this support would then open the door for sellers to target 50.10 USDT. Caution, if there is a return to below 93.17 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

2.3

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

The LITECOIN - LTC/USDT price is 87.84 USDT. The price has increased by +1.26% since the last closing and was between 86.01 USDT and 88.97 USDT. This implies that the price is at +2.13% from its lowest and at -1.27% from its highest.

86.01

88.97

87.84

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of LITECOIN - LTC/USDT in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish 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.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	50.10	69.21	80.19	87.84	93.17	97.77	102.85
Change (%)	-42.96%	-21.21%	-8.71%	-	+6.07%	+11.30%	+17.09%
Change	-37.74	-18.63	-7.65	-	+5.33	+9.93	+15.01
Level	Major	Intermediate	Minor	-	Major	Intermediate	Major

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

Technical indicators

Moving averages

RSI (14):	44.36
MACD (12,26,9):	-0.4900
Directional Movement:	0.63
AROON (14):	-35.72
DEMA (21):	91.36
Parabolic SAR (0,02-0,02-0,2):	99.16
Elder Ray (13):	-3.47
Super Trend (3,10):	99.94
Zig ZAG (10):	88.20
VORTEX (21):	0.9600
Stochastique (14,3,5):	15.55
TEMA (21):	89.93
Williams %R (14):	-79.89
Chande Momentum Oscillator (20):	-4.00
Repulse (5,40,3):	0.4400
ROCnROLL:	2
TRIX (15,9):	0.1600
Courbe Coppock:	4.55

MA7:	89.95
MA20:	92.52
MA50:	88.25
MA100:	90.19
MAexp7:	89.42
MAexp20:	91.34
MAexp50:	90.41
MAexp100:	87.22
Price / MA7:	-2.35%
Price / MA20:	-5.06%
Price / MA50:	-0.46%
Price / MA100:	-2.61%
Price / MAexp7:	-1.77%
Price / MAexp20:	-3.83%
Price / MAexp50:	-2.84%
Price / MAexp100:	+0.71%

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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