LITECOIN - LTC/USDT - 1H - Technical analysis published on 05/06/2023 (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
6%
89%
6%
My opinion
Bearish under 85.35 USDT
My targets
75.96 USDT (-7.34%)
68.97 USDT (-15.87%)
My analysis
The bearish trend is currently very strong for LITECOIN - LTC/USDT. As long as the price remains below the resistance at 85.35 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 75.96 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 68.97 USDT as an objective. Crossing it would then enable sellers to target 56.64 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.8
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Additional analysis
Quotes
The LITECOIN - LTC/USDT price is 81.98 USDT. The price is lower by -7.48% since the last closing and was between 81.62 USDT and 89.30 USDT. This implies that the price is at +0.44% from its lowest and at -8.20% from its highest.81.62
89.30
81.98
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LITECOIN - LTC/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 50.63 | 56.64 | 68.97 | 81.98 | 85.35 | 86.79 | 87.71 |
| Change (%) | -38.24% | -30.91% | -15.87% | - | +4.11% | +5.87% | +6.99% |
| Change | -31.35 | -25.34 | -13.01 | - | +3.37 | +4.81 | +5.73 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.18 | 85.48 | 87.05 | 88.35 | 89.92 | 91.22 | 92.79 |
| Camarilla | 87.82 | 88.08 | 88.35 | 88.61 | 88.87 | 89.14 | 89.40 |
| Woodie | 84.31 | 85.55 | 87.18 | 88.42 | 90.05 | 91.29 | 92.92 |
| Fibonacci | 85.48 | 86.58 | 87.26 | 88.35 | 89.45 | 90.13 | 91.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.96 | 80.12 | 85.59 | 89.75 | 95.22 | 99.38 | 104.85 |
| Camarilla | 88.41 | 89.30 | 90.18 | 91.06 | 91.94 | 92.83 | 93.71 |
| Woodie | 76.62 | 80.45 | 86.25 | 90.08 | 95.88 | 99.71 | 105.51 |
| Fibonacci | 80.12 | 83.80 | 86.07 | 89.75 | 93.43 | 95.70 | 99.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.66 | 72.97 | 80.56 | 91.87 | 99.46 | 110.77 | 118.36 |
| Camarilla | 82.95 | 84.69 | 86.42 | 88.15 | 89.88 | 91.62 | 93.35 |
| Woodie | 59.80 | 72.04 | 78.70 | 90.94 | 97.60 | 109.84 | 116.50 |
| Fibonacci | 72.97 | 80.19 | 84.65 | 91.87 | 99.09 | 103.55 | 110.77 |
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): | 13.99 | |
| MACD (12,26,9): | -1.2100 | |
| Directional Movement: | -45.12 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 84.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.12 | |
| Elder Ray (13): | -3.46 | |
| Super Trend (3,10): | 84.66 | |
| Zig ZAG (10): | 82.18 | |
| VORTEX (21): | 0.5700 | |
| Stochastique (14,3,5): | 10.16 | |
| TEMA (21): | 83.88 | |
| Williams %R (14): | -88.60 | |
| Chande Momentum Oscillator (20): | -5.00 | |
| Repulse (5,40,3): | -2.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 8.03 |
| MA7: | 87.34 | |
| MA20: | 89.47 | |
| MA50: | 90.35 | |
| MA100: | 90.56 | |
| MAexp7: | 84.42 | |
| MAexp20: | 86.11 | |
| MAexp50: | 87.14 | |
| MAexp100: | 87.62 | |
| Price / MA7: | -6.14% | |
| Price / MA20: | -8.37% | |
| Price / MA50: | -9.26% | |
| Price / MA100: | -9.47% | |
| Price / MAexp7: | -2.89% | |
| Price / MAexp20: | -4.80% | |
| Price / MAexp50: | -5.92% | |
| Price / MAexp100: | -6.44% |
Quotes :
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Real time data
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Cryptocompare
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