LITECOIN - LTC/USDT - 15 min. - Technical analysis published on 08/17/2023 (GMT)
- 254
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
83%
0%
17%
My opinion
Bearish under 75.67 USDT
My targets
71.72 USDT (-4.62%)
68.89 USDT (-8.39%)
My analysis
All elements being rather 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 75.67 USDT. The next bearish objective for sellers is set at 71.72 USDT. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 68.89 USDT. If there is any crossing, the next objective would be the support located at 64.94 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.5
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LITECOIN - LTC/USDT price is 75.20 USDT. The price registered an increase of +0.87% on the session with the lowest point at 73.57 USDT and the highest point at 75.82 USDT. The deviation from the price is +2.22% for the low point and -0.82% for the high point.73.57
75.82
75.20
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LITECOIN - LTC/USDT in 15 min. shows an overall bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish 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, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 43.89 | 69.19 | 73.67 | 75.20 | 77.76 | 78.32 | 81.20 |
| Change (%) | -41.64% | -7.99% | -2.03% | - | +3.40% | +4.15% | +7.98% |
| Change | -31.31 | -6.01 | -1.53 | - | +2.56 | +3.12 | +6.00 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.94 | 68.89 | 71.72 | 75.67 | 78.50 | 82.45 | 85.28 |
| Camarilla | 72.70 | 73.32 | 73.94 | 74.56 | 75.18 | 75.80 | 76.43 |
| Woodie | 64.39 | 68.61 | 71.17 | 75.39 | 77.95 | 82.17 | 84.73 |
| Fibonacci | 68.89 | 71.48 | 73.08 | 75.67 | 78.26 | 79.86 | 82.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.55 | 77.09 | 80.29 | 82.83 | 86.03 | 88.57 | 91.77 |
| Camarilla | 81.90 | 82.43 | 82.95 | 83.48 | 84.01 | 84.53 | 85.06 |
| Woodie | 74.87 | 77.26 | 80.61 | 83.00 | 86.35 | 88.74 | 92.09 |
| Fibonacci | 77.09 | 79.29 | 80.64 | 82.83 | 85.03 | 86.38 | 88.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.37 | 70.99 | 81.64 | 98.26 | 108.91 | 125.53 | 136.18 |
| Camarilla | 84.78 | 87.28 | 89.78 | 92.28 | 94.78 | 97.28 | 99.78 |
| Woodie | 51.38 | 69.50 | 78.65 | 96.77 | 105.92 | 124.04 | 133.19 |
| Fibonacci | 70.99 | 81.41 | 87.85 | 98.26 | 108.68 | 115.12 | 125.53 |
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): | 58.12 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 10.28 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 75.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.16 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 75.00 | |
| Zig ZAG (10): | 75.49 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 85.99 | |
| TEMA (21): | 75.43 | |
| Williams %R (14): | -24.72 | |
| Chande Momentum Oscillator (20): | 0.66 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.56 |
| MA7: | 80.04 | |
| MA20: | 84.33 | |
| MA50: | 91.48 | |
| MA100: | 88.82 | |
| MAexp7: | 75.44 | |
| MAexp20: | 75.31 | |
| MAexp50: | 75.38 | |
| MAexp100: | 76.01 | |
| Price / MA7: | -6.05% | |
| Price / MA20: | -10.83% | |
| Price / MA50: | -17.80% | |
| Price / MA100: | -15.33% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -1.07% |
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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