LITECOIN - LTC/USDT - 1H - Technical analysis published on 05/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
28%
22%
My opinion
Bearish under 85.55 USDT
My targets
83.17 USDT (-1.52%)
80.20 USDT (-5.04%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LITECOIN - LTC/USDT as long as the price remains well below 85.55 USDT. The sellers' bearish objective is set at 83.17 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 80.20 USDT. In case of crossing, the next objective would be the support located at 69.19 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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Additional analysis
Quotes
LITECOIN - LTC/USDT rating 84.46 USDT. The price registered a decrease of -1.59% on the session and was traded between 82.66 USDT and 86.03 USDT over the period. The price is currently at +2.18% from its lowest and -1.82% from its highest.82.66
86.03
84.46
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/USDT indicates that the overall trend is strongly bearish. 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 market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 9 are bullish, 4 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 50.62 | 69.19 | 80.20 | 84.46 | 84.57 | 85.55 | 89.17 |
| Change (%) | -40.07% | -18.08% | -5.04% | - | +0.13% | +1.29% | +5.58% |
| Change | -33.84 | -15.27 | -4.26 | - | +0.11 | +1.09 | +4.71 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
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 | 75.66 | 80.11 | 82.97 | 87.42 | 90.28 | 94.73 | 97.59 |
| Camarilla | 83.81 | 84.48 | 85.15 | 85.82 | 86.49 | 87.16 | 87.83 |
| Woodie | 74.86 | 79.71 | 82.17 | 87.02 | 89.48 | 94.33 | 96.79 |
| Fibonacci | 80.11 | 82.91 | 84.63 | 87.42 | 90.22 | 91.94 | 94.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.02 | 73.93 | 83.17 | 89.08 | 98.32 | 104.23 | 113.47 |
| Camarilla | 88.25 | 89.64 | 91.03 | 92.42 | 93.81 | 95.20 | 96.59 |
| Woodie | 69.70 | 74.76 | 84.85 | 89.91 | 100.00 | 105.06 | 115.15 |
| Fibonacci | 73.93 | 79.71 | 83.29 | 89.08 | 94.86 | 98.44 | 104.23 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.64 | |
| MACD (12,26,9): | -0.5200 | |
| Directional Movement: | -13.76 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 84.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 85.42 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 86.51 | |
| Zig ZAG (10): | 84.57 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 67.26 | |
| TEMA (21): | 84.56 | |
| Williams %R (14): | -42.00 | |
| Chande Momentum Oscillator (20): | 0.36 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 0.04 |
| MA7: | 89.91 | |
| MA20: | 86.05 | |
| MA50: | 89.15 | |
| MA100: | 89.16 | |
| MAexp7: | 84.72 | |
| MAexp20: | 84.97 | |
| MAexp50: | 86.51 | |
| MAexp100: | 88.15 | |
| Price / MA7: | -6.06% | |
| Price / MA20: | -1.85% | |
| Price / MA50: | -5.26% | |
| Price / MA100: | -5.27% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -2.37% | |
| Price / MAexp100: | -4.19% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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