LITECOIN - LTC/USDT - 1H - Technical analysis published on 05/19/2023 (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:
Bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 90.98 USDT
My targets
93.51 USDT (+1.64%)
94.98 USDT (+3.24%)
My analysis
A bullish trend on LITECOIN - LTC/USDT both in substance and in the short term. A purchase could be considered as long as the price remains above 90.98 USDT. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 93.51 USDT. Then the price could move towards 94.98 USDT. Then 97.77 USDT by extension. Be careful, a return below 90.98 USDT would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5.9
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Additional analysis
Quotes
LITECOIN - LTC/USDT rating 92.00 USDT. The price registered an increase of +1.74% on the session with the lowest point at 90.26 USDT and the highest point at 92.97 USDT. The deviation from the price is +1.93% for the low point and -1.04% for the high point.90.26
92.97
92.00
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:
Technical
Technical analysis of LITECOIN - LTC/USDT in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 86.20 | 88.45 | 90.98 | 92.00 | 93.51 | 94.98 | 97.77 |
| Change (%) | -6.30% | -3.86% | -1.11% | - | +1.64% | +3.24% | +6.27% |
| Change | -5.80 | -3.55 | -1.02 | - | +1.51 | +2.98 | +5.77 |
| Level | Minor | Minor | Major | - | Minor | Minor | Minor |
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 | 83.33 | 86.25 | 88.34 | 91.26 | 93.35 | 96.27 | 98.36 |
| Camarilla | 89.05 | 89.51 | 89.97 | 90.43 | 90.89 | 91.35 | 91.81 |
| Woodie | 82.92 | 86.04 | 87.93 | 91.05 | 92.94 | 96.06 | 97.95 |
| Fibonacci | 86.25 | 88.16 | 89.35 | 91.26 | 93.17 | 94.36 | 96.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.72 | 70.61 | 75.43 | 80.32 | 85.14 | 90.03 | 94.85 |
| Camarilla | 77.58 | 78.47 | 79.36 | 80.25 | 81.14 | 82.03 | 82.92 |
| Woodie | 65.69 | 70.59 | 75.40 | 80.30 | 85.11 | 90.01 | 94.82 |
| Fibonacci | 70.61 | 74.32 | 76.61 | 80.32 | 84.03 | 86.32 | 90.03 |
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): | 49.88 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -4.67 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 91.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 90.30 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 92.81 | |
| Zig ZAG (10): | 91.84 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 71.12 | |
| TEMA (21): | 91.68 | |
| Williams %R (14): | -35.80 | |
| Chande Momentum Oscillator (20): | 1.25 | |
| Repulse (5,40,3): | -0.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.88 |
| MA7: | 88.13 | |
| MA20: | 85.62 | |
| MA50: | 89.46 | |
| MA100: | 89.70 | |
| MAexp7: | 91.96 | |
| MAexp20: | 91.83 | |
| MAexp50: | 91.67 | |
| MAexp100: | 90.10 | |
| Price / MA7: | +4.39% | |
| Price / MA20: | +7.45% | |
| Price / MA50: | +2.84% | |
| Price / MA100: | +2.56% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +2.11% |
Quotes :
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Real time data
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Cryptocompare
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