LITECOIN - LTC/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	LTCUSDT
ISIN:

LITECOIN - LTC/USDT - Daily - Technical analysis published on 10/16/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 67.20 USDT

My targets

73.88 USDT (+4.63%)

78.56 USDT (+11.26%)

My analysis

The bullish trend is currently very strong on LITECOIN - LTC/USDT. As long as the price remains above the support at 67.20 USDT, you could try to benefit from the boom. The first bullish objective is located at 73.88 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 78.56 USDT as an objective. Crossing it would then enable buyers to target 88.65 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

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 waqassharif. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

LITECOIN - LTC/USDT rating 70.61 USDT. On the day, this instrument lost -0.35% and was between 70.48 USDT and 73.00 USDT. This implies that the price is at +0.18% from its lowest and at -3.27% from its highest.

70.48

73.00

70.61

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USDT:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of LITECOIN - LTC/USDT in Daily shows a strongly overall bullish trend. 82.14% 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 : adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 16 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 : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Black gravestone / inverted hammer

Type : Bearish

Timeframe : Daily

Bearish harami

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	59.00	62.91	67.20	70.61	73.88	78.56	88.65
Change (%)	-16.44%	-10.90%	-4.83%	-	+4.63%	+11.26%	+25.55%
Change	-11.61	-7.70	-3.41	-	+3.27	+7.95	+18.04
Level	Major	Intermediate	Major	-	Minor	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	60.25	62.81	66.84	69.40	73.43	75.99	80.02
Camarilla	69.05	69.65	70.26	70.86	71.46	72.07	72.67
Woodie	60.98	63.18	67.57	69.77	74.16	76.36	80.75
Fibonacci	62.81	65.33	66.89	69.40	71.92	73.48	75.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.95	61.11	63.65	65.81	68.35	70.51	73.05
Camarilla	64.90	65.33	65.76	66.19	66.62	67.05	67.48
Woodie	59.14	61.21	63.84	65.91	68.54	70.61	73.24
Fibonacci	61.11	62.91	64.02	65.81	67.61	68.72	70.51

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.74
MACD (12,26,9):	0.7700
Directional Movement:	16.17
AROON (14):	92.86
DEMA (21):	67.43
Parabolic SAR (0,02-0,02-0,2):	62.17
Elder Ray (13):	4.75
Super Trend (3,10):	63.85
Zig ZAG (10):	70.77
VORTEX (21):	1.0700
Stochastique (14,3,5):	80.58
TEMA (21):	67.88
Williams %R (14):	-21.59
Chande Momentum Oscillator (20):	5.70
Repulse (5,40,3):	4.3800
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	4.14

MA7:	67.01
MA20:	66.47
MA50:	65.25
MA100:	66.03
MAexp7:	67.85
MAexp20:	66.58
MAexp50:	66.03
MAexp100:	67.48
Price / MA7:	+5.37%
Price / MA20:	+6.23%
Price / MA50:	+8.21%
Price / MA100:	+6.94%
Price / MAexp7:	+4.07%
Price / MAexp20:	+6.05%
Price / MAexp50:	+6.94%
Price / MAexp100:	+4.64%

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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