LITECOIN - LTC/USDT - 1H - Technical analysis published on 05/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 88.18 USDT
My targets
91.88 USDT (+1.51%)
93.78 USDT (+3.61%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 88.18 USDT remains possible. It is advisable to trade LITECOIN - LTC/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 88.18 USDT. The next bullish objective for buyers is set at 91.88 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 93.78 USDT. If there is any crossing, the next objective would be the resistance located at 97.77 USDT. PS: if there is a bearish break in the support located at 88.18 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.1
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Additional analysis
Quotes
LITECOIN - LTC/USDT rating 90.51 USDT. On the day, this instrument lost -1.04% and was traded between 90.28 USDT and 92.16 USDT over the period. The price is currently at +0.25% from its lowest and -1.79% from its highest.90.28
92.16
90.51
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/USDT indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 84.59 | 86.24 | 88.18 | 90.51 | 90.63 | 91.88 | 93.78 |
| Change (%) | -6.54% | -4.72% | -2.57% | - | +0.13% | +1.51% | +3.61% |
| Change | -5.92 | -4.27 | -2.33 | - | +0.12 | +1.37 | +3.27 |
| Level | Minor | Minor | Minor | - | Minor | Intermediate | Major |
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 | 84.85 | 86.49 | 88.98 | 90.62 | 93.11 | 94.75 | 97.24 |
| Camarilla | 90.32 | 90.70 | 91.08 | 91.46 | 91.84 | 92.22 | 92.60 |
| Woodie | 85.27 | 86.70 | 89.40 | 90.83 | 93.53 | 94.96 | 97.66 |
| Fibonacci | 86.49 | 88.07 | 89.05 | 90.62 | 92.20 | 93.18 | 94.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.20 | 77.43 | 82.99 | 88.22 | 93.78 | 99.01 | 104.57 |
| Camarilla | 85.58 | 86.57 | 87.56 | 88.55 | 89.54 | 90.53 | 91.52 |
| Woodie | 72.37 | 77.51 | 83.16 | 88.30 | 93.95 | 99.09 | 104.74 |
| Fibonacci | 77.43 | 81.55 | 84.10 | 88.22 | 92.34 | 94.89 | 99.01 |
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): | 47.96 | |
| MACD (12,26,9): | 0.3200 | |
| Directional Movement: | -1.23 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 91.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 92.18 | |
| Elder Ray (13): | -0.41 | |
| Super Trend (3,10): | 89.87 | |
| Zig ZAG (10): | 90.68 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 33.73 | |
| TEMA (21): | 91.30 | |
| Williams %R (14): | -81.07 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -0.8100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 0.25 |
| MA7: | 88.83 | |
| MA20: | 87.80 | |
| MA50: | 89.10 | |
| MA100: | 89.04 | |
| MAexp7: | 91.09 | |
| MAexp20: | 90.98 | |
| MAexp50: | 90.12 | |
| MAexp100: | 89.33 | |
| Price / MA7: | +1.89% | |
| Price / MA20: | +3.09% | |
| Price / MA50: | +1.58% | |
| Price / MA100: | +1.65% | |
| Price / MAexp7: | -0.64% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +1.32% |
Quotes :
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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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