LITECOIN - LTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LTCUSDT
ISIN:

LITECOIN - LTC/USDT - Weekly - Technical analysis published on 10/05/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

33%

39%

My opinion

Bearish under 69.09 USDT

My targets

59.00 USDT (-9.51%)

50.43 USDT (-22.65%)

My analysis

LITECOIN - LTC/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 69.09 USDT. The next support located at 59.00 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 50.43 USDT. Below this support, sellers could then target 43.46 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Jaber300. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The LITECOIN - LTC/USDT rating is 65.20 USDT. The price is lower by -5.87% over the 5 days and was traded between 61.97 USDT and 68.58 USDT over the period. The price is currently at +5.22% from its lowest point and -4.92% from its highest point.

61.97

68.58

65.20

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of LITECOIN - LTC/USDT in Weekly shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 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

Momentum indicator is back under 0

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Weekly

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 engulfing lines

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	43.46	50.43	59.00	65.20	69.09	78.56	102.53
Change (%)	-33.34%	-22.65%	-9.51%	-	+5.97%	+20.49%	+57.25%
Change	-21.74	-14.77	-6.20	-	+3.89	+13.36	+37.33
Level	Minor	Minor	Major	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.88	62.58	63.77	64.47	65.66	66.36	67.55
Camarilla	64.43	64.60	64.78	64.95	65.12	65.30	65.47
Woodie	62.12	62.70	64.01	64.59	65.90	66.48	67.79
Fibonacci	62.58	63.31	63.75	64.47	65.20	65.64	66.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.49	63.57	66.76	68.84	72.03	74.11	77.30
Camarilla	68.51	68.99	69.48	69.96	70.44	70.93	71.41
Woodie	62.06	63.85	67.33	69.12	72.60	74.39	77.87
Fibonacci	63.57	65.58	66.82	68.84	70.85	72.09	74.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49.46	54.57	60.70	65.81	71.94	77.05	83.18
Camarilla	63.75	64.78	65.81	66.84	67.87	68.90	69.93
Woodie	49.98	54.83	61.22	66.07	72.46	77.31	83.70
Fibonacci	54.57	58.86	61.51	65.81	70.10	72.75	77.05

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):	44.53
MACD (12,26,9):	-3.4700
Directional Movement:	-9.06
AROON (14):	-42.86
DEMA (21):	64.89
Parabolic SAR (0,02-0,02-0,2):	51.44
Elder Ray (13):	-1.29
Super Trend (3,10):	88.79
Zig ZAG (10):	64.92
VORTEX (21):	0.9000
Stochastique (14,3,5):	64.44
TEMA (21):	62.79
Williams %R (14):	-44.56
Chande Momentum Oscillator (20):	-4.98
Repulse (5,40,3):	-0.2500
ROCnROLL:	2
TRIX (15,9):	-0.6800
Courbe Coppock:	27.30

MA7:	65.12
MA20:	66.14
MA50:	64.87
MA100:	66.35
MAexp7:	66.16
MAexp20:	69.31
MAexp50:	73.66
MAexp100:	78.23
Price / MA7:	+0.12%
Price / MA20:	-1.42%
Price / MA50:	+0.51%
Price / MA100:	-1.73%
Price / MAexp7:	-1.45%
Price / MAexp20:	-5.93%
Price / MAexp50:	-11.49%
Price / MAexp100:	-16.66%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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