LITECOIN - LTC/USDT - 1H - Technical analysis published on 06/15/2023 (GMT)
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- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Strongly bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 77.76 USDT
My targets
71.40 USDT (-3.12%)
69.19 USDT (-6.12%)
My analysis
The basic trend is very bearish on LITECOIN - LTC/USDT but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on LITECOIN - LTC/USDT. As long as you stay below the resistance 77.76 USDT, sellers' retain the upper hand. A break in the support at 71.40 USDT would be a signal that the basic trend will reverse. Sellers would then use the next support located at 69.19 USDT as an objective. Crossing it would then enable sellers to target 63.39 USDT. If the price were to depress the resistance 77.76 USDT in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
Technical indicators are opposing the general bearish 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
2.9
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Additional analysis
Quotes
The LITECOIN - LTC/USDT price is 73.70 USDT. The price has increased by +0.74% since the last closing with the lowest point at 72.09 USDT and the highest point at 74.33 USDT. The deviation from the price is +2.23% for the low point and -0.85% for the high point.72.09
74.33
73.70
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LITECOIN - LTC/USDT in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 | 63.39 | 69.19 | 71.40 | 73.70 | 74.09 | 77.76 | 85.79 |
| Change (%) | -13.99% | -6.12% | -3.12% | - | +0.53% | +5.51% | +16.40% |
| Change | -10.31 | -4.51 | -2.30 | - | +0.39 | +4.06 | +12.09 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.60 | 67.50 | 70.33 | 74.23 | 77.06 | 80.96 | 83.79 |
| Camarilla | 71.31 | 71.93 | 72.54 | 73.16 | 73.78 | 74.39 | 75.01 |
| Woodie | 63.07 | 67.23 | 69.80 | 73.96 | 76.53 | 80.69 | 83.26 |
| Fibonacci | 67.50 | 70.07 | 71.66 | 74.23 | 76.80 | 78.39 | 80.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.48 | 60.35 | 68.75 | 82.62 | 91.02 | 104.89 | 113.29 |
| Camarilla | 71.03 | 73.07 | 75.11 | 77.15 | 79.19 | 81.23 | 83.27 |
| Woodie | 43.75 | 58.98 | 66.02 | 81.25 | 88.29 | 103.52 | 110.56 |
| Fibonacci | 60.35 | 68.86 | 74.11 | 82.62 | 91.13 | 96.38 | 104.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.47 | 67.49 | 78.95 | 86.97 | 98.43 | 106.45 | 117.91 |
| Camarilla | 85.06 | 86.85 | 88.63 | 90.42 | 92.21 | 93.99 | 95.78 |
| Woodie | 61.20 | 68.35 | 80.68 | 87.83 | 100.16 | 107.31 | 119.64 |
| Fibonacci | 67.49 | 74.93 | 79.53 | 86.97 | 94.41 | 99.01 | 106.45 |
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): | 44.66 | |
| MACD (12,26,9): | -0.5800 | |
| Directional Movement: | -11.91 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 72.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 74.33 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 74.97 | |
| Zig ZAG (10): | 73.73 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 72.47 | |
| TEMA (21): | 73.13 | |
| Williams %R (14): | -22.77 | |
| Chande Momentum Oscillator (20): | 0.76 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 0.54 |
| MA7: | 78.01 | |
| MA20: | 86.77 | |
| MA50: | 86.89 | |
| MA100: | 87.63 | |
| MAexp7: | 73.61 | |
| MAexp20: | 73.87 | |
| MAexp50: | 75.17 | |
| MAexp100: | 76.84 | |
| Price / MA7: | -5.52% | |
| Price / MA20: | -15.06% | |
| Price / MA50: | -15.18% | |
| Price / MA100: | -15.90% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -1.96% | |
| Price / MAexp100: | -4.09% |
Quotes :
-
Real time data
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Cryptocompare
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