LITECOIN - LTC/USDT - 1H - Technical analysis published on 05/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 80.19 USDT
My targets
78.11 USDT (-1.46%)
75.50 USDT (-4.76%)
My analysis
The bearish basic trend is very strong on LITECOIN - LTC/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 80.19 USDT. Crossing the first support at 78.11 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 75.50 USDT as an objective. Crossing it would then enable sellers to target 68.97 USDT. Caution, a return to above the resistance located at 80.19 USDT would be a sign of a possible consolidation phase of the short-term basic trend. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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Additional analysis
Quotes
LITECOIN - LTC/USDT rating 79.27 USDT. The price registered a decrease of -0.79% on the session and was traded between 79.18 USDT and 80.98 USDT over the period. The price is currently at +0.11% from its lowest and -2.11% from its highest.79.18
80.98
79.27
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
A technical analysis in 1H of this LITECOIN - LTC/USDT chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide 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 : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 68.97 | 75.50 | 78.11 | 79.27 | 80.19 | 81.62 | 85.21 |
| Change (%) | -12.99% | -4.76% | -1.46% | - | +1.16% | +2.96% | +7.49% |
| Change | -10.30 | -3.77 | -1.16 | - | +0.92 | +2.35 | +5.94 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.43 | 76.39 | 78.14 | 79.10 | 80.85 | 81.81 | 83.56 |
| Camarilla | 79.16 | 79.40 | 79.65 | 79.90 | 80.15 | 80.40 | 80.65 |
| Woodie | 75.84 | 76.59 | 78.55 | 79.30 | 81.26 | 82.01 | 83.97 |
| Fibonacci | 76.39 | 77.42 | 78.06 | 79.10 | 80.13 | 80.77 | 81.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.69 | 75.66 | 79.46 | 85.43 | 89.23 | 95.20 | 99.00 |
| Camarilla | 80.58 | 81.48 | 82.37 | 83.27 | 84.17 | 85.06 | 85.96 |
| Woodie | 68.62 | 75.12 | 78.39 | 84.89 | 88.16 | 94.66 | 97.93 |
| Fibonacci | 75.66 | 79.39 | 81.70 | 85.43 | 89.16 | 91.47 | 95.20 |
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): | 49.03 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 0.91 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 79.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 80.94 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 78.56 | |
| Zig ZAG (10): | 79.45 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 27.47 | |
| TEMA (21): | 79.99 | |
| Williams %R (14): | -87.78 | |
| Chande Momentum Oscillator (20): | -0.41 | |
| Repulse (5,40,3): | -0.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.29 |
| MA7: | 82.95 | |
| MA20: | 86.49 | |
| MA50: | 90.23 | |
| MA100: | 90.25 | |
| MAexp7: | 79.64 | |
| MAexp20: | 79.55 | |
| MAexp50: | 79.98 | |
| MAexp100: | 81.53 | |
| Price / MA7: | -4.44% | |
| Price / MA20: | -8.35% | |
| Price / MA50: | -12.15% | |
| Price / MA100: | -12.17% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | -0.89% | |
| Price / MAexp100: | -2.77% |
Quotes :
-
Real time data
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Cryptocompare
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