LITECOIN - LTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LTCUSDT
ISIN:

LITECOIN - LTC/USDT - 1H - Technical analysis published on 10/20/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

56%

22%

My opinion

Bullish above 73.36 USDT

My targets

78.56 USDT (+4.51%)

83.75 USDT (+11.41%)

My analysis

The basic bullish trend is very strong on LITECOIN - LTC/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 73.36 USDT. Crossing the first resistance at 78.56 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 83.75 USDT as an objective. Crossing it would then enable buyers to target 88.46 USDT. Caution, a return to below 73.36 USDT would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

6.4

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

Additional analysis

Quotes

The LITECOIN - LTC/USDT price is 75.17 USDT. The price registered an increase of +0.36% on the session with the lowest point at 74.08 USDT and the highest point at 75.40 USDT. The deviation from the price is +1.47% for the low point and -0.31% for the high point.

74.08

75.40

75.17

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

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:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this LITECOIN - LTC/USDT chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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 : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	71.94	73.36	74.83	75.17	78.56	88.46	97.84
Change (%)	-4.30%	-2.41%	-0.45%	-	+4.51%	+17.68%	+30.16%
Change	-3.23	-1.81	-0.34	-	+3.39	+13.29	+22.67
Level	Intermediate	Minor	Major	-	Intermediate	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70.13	71.59	73.24	74.70	76.35	77.81	79.46
Camarilla	74.05	74.33	74.62	74.90	75.19	75.47	75.76
Woodie	70.24	71.64	73.35	74.75	76.46	77.86	79.57
Fibonacci	71.59	72.78	73.51	74.70	75.89	76.62	77.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.28	59.71	67.30	71.73	79.32	83.75	91.34
Camarilla	71.60	72.70	73.80	74.90	76.00	77.10	78.21
Woodie	56.87	60.50	68.89	72.52	80.91	84.54	92.93
Fibonacci	59.71	64.30	67.14	71.73	76.32	79.16	83.75

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):	53.91
MACD (12,26,9):	0.0900
Directional Movement:	3.44
AROON (14):	-71.43
DEMA (21):	74.89
Parabolic SAR (0,02-0,02-0,2):	75.06
Elder Ray (13):	0.11
Super Trend (3,10):	73.83
Zig ZAG (10):	74.84
VORTEX (21):	1.0100
Stochastique (14,3,5):	52.93
TEMA (21):	74.64
Williams %R (14):	-44.14
Chande Momentum Oscillator (20):	-0.06
Repulse (5,40,3):	0.4800
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.06

MA7:	69.46
MA20:	66.98
MA50:	65.64
MA100:	66.19
MAexp7:	74.72
MAexp20:	74.71
MAexp50:	74.13
MAexp100:	72.81
Price / MA7:	+8.22%
Price / MA20:	+12.23%
Price / MA50:	+14.52%
Price / MA100:	+13.57%
Price / MAexp7:	+0.60%
Price / MAexp20:	+0.62%
Price / MAexp50:	+1.40%
Price / MAexp100:	+3.24%

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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