LITECOIN - LTC/USDT - 1H - Technical analysis published on 05/30/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 90.14 USDT
My targets
93.78 USDT (+1.89%)
97.77 USDT (+6.23%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LITECOIN - LTC/USDT as long as the price remains well above 90.14 USDT. The buyers' bullish objective is set at 93.78 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 97.77 USDT. If there is any crossing, the next objective would be the resistance located at 101.96 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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Additional analysis
Quotes
LITECOIN - LTC/USDT rating 92.04 USDT. The price has increased by +1.31% since the last closing and was traded between 90.54 USDT and 92.15 USDT over the period. The price is currently at +1.66% from its lowest and -0.12% from its highest.90.54
92.15
92.04
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of LITECOIN - LTC/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 88.43 | 90.14 | 91.92 | 92.04 | 93.78 | 97.77 | 101.96 |
| Change (%) | -3.92% | -2.06% | -0.13% | - | +1.89% | +6.23% | +10.78% |
| Change | -3.61 | -1.90 | -0.12 | - | +1.74 | +5.73 | +9.92 |
| Level | Minor | Major | Intermediate | - | Major | 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 | 87.97 | 89.07 | 89.96 | 91.06 | 91.95 | 93.05 | 93.94 |
| Camarilla | 90.30 | 90.49 | 90.67 | 90.85 | 91.03 | 91.22 | 91.40 |
| Woodie | 87.87 | 89.02 | 89.86 | 91.01 | 91.85 | 93.00 | 93.84 |
| Fibonacci | 89.07 | 89.83 | 90.30 | 91.06 | 91.82 | 92.29 | 93.05 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 62.84 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 6.97 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 91.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 90.40 | |
| Elder Ray (13): | 0.53 | |
| Super Trend (3,10): | 90.15 | |
| Zig ZAG (10): | 91.96 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 74.25 | |
| TEMA (21): | 91.38 | |
| Williams %R (14): | -11.98 | |
| Chande Momentum Oscillator (20): | 0.80 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.77 |
| MA7: | 88.89 | |
| MA20: | 88.37 | |
| MA50: | 89.07 | |
| MA100: | 89.05 | |
| MAexp7: | 91.42 | |
| MAexp20: | 91.19 | |
| MAexp50: | 90.64 | |
| MAexp100: | 89.86 | |
| Price / MA7: | +3.54% | |
| Price / MA20: | +4.15% | |
| Price / MA50: | +3.33% | |
| Price / MA100: | +3.36% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | +0.93% | |
| Price / MAexp50: | +1.54% | |
| Price / MAexp100: | +2.43% |
Quotes :
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Real time data
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Cryptocompare
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