GRAYSCALE LITECOIN TRUST (LTC) LTCN - Daily - Technical analysis published on 04/16/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 5.42 USD
My targets
5.28 USD (-1.68%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GRAYSCALE LITECOIN TRUST (LTC) LTCN as long as the price remains well below 5.42 USD. The sellers' bearish objective is set at 5.28 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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 ErnestMoney.
Additional analysis
Quotes
The GRAYSCALE LITECOIN TRUST (LTC) LTCN price is 5.37 USD. The price is lower by -11.68% since the last closing with the lowest point at 5.26 USD and the highest point at 6.08 USD. The deviation from the price is +2.09% for the low point and -11.68% for the high point.5.26
6.08
5.37
Here is a more detailed summary of the historical variations registered by GRAYSCALE LITECOIN TRUST (LTC) LTCN:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GRAYSCALE LITECOIN TRUST (LTC) LTCN indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 5.28 | 5.37 | 7.17 | 13.18 | 17.65 |
| Change (%) | -1.68% | - | +33.52% | +145.44% | +228.68% |
| Change | -0.09 | - | +1.80 | +7.81 | +12.28 |
| Level | Major | - | Minor | Intermediate | 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 | 4.24 | 4.75 | 5.06 | 5.57 | 5.88 | 6.39 | 6.70 |
| Camarilla | 5.15 | 5.22 | 5.30 | 5.37 | 5.45 | 5.52 | 5.60 |
| Woodie | 4.14 | 4.70 | 4.96 | 5.52 | 5.78 | 6.34 | 6.60 |
| Fibonacci | 4.75 | 5.06 | 5.26 | 5.57 | 5.88 | 6.08 | 6.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.72 | 5.40 | 5.80 | 6.48 | 6.88 | 7.56 | 7.96 |
| Camarilla | 5.89 | 5.99 | 6.09 | 6.19 | 6.29 | 6.39 | 6.49 |
| Woodie | 4.57 | 5.33 | 5.65 | 6.41 | 6.73 | 7.49 | 7.81 |
| Fibonacci | 5.40 | 5.82 | 6.07 | 6.48 | 6.90 | 7.15 | 7.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.16 | 4.14 | 5.42 | 6.40 | 7.68 | 8.66 | 9.94 |
| Camarilla | 6.08 | 6.29 | 6.49 | 6.70 | 6.91 | 7.11 | 7.32 |
| Woodie | 3.31 | 4.22 | 5.57 | 6.48 | 7.83 | 8.74 | 10.09 |
| Fibonacci | 4.14 | 5.00 | 5.54 | 6.40 | 7.26 | 7.80 | 8.66 |
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): | 39.65 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -9.56 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 6.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.89 | |
| Elder Ray (13): | -0.44 | |
| Super Trend (3,10): | 6.90 | |
| Zig ZAG (10): | 5.37 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 14.67 | |
| TEMA (21): | 6.00 | |
| Williams %R (14): | -94.81 | |
| Chande Momentum Oscillator (20): | -1.64 | |
| Repulse (5,40,3): | -12.5100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 15.75 |
| MA7: | 5.90 | |
| MA20: | 6.40 | |
| MA50: | 6.27 | |
| MA100: | 8.37 | |
| MAexp7: | 5.88 | |
| MAexp20: | 6.20 | |
| MAexp50: | 6.80 | |
| MAexp100: | 14.57 | |
| Price / MA7: | -8.98% | |
| Price / MA20: | -16.09% | |
| Price / MA50: | -14.35% | |
| Price / MA100: | -35.84% | |
| Price / MAexp7: | -8.67% | |
| Price / MAexp20: | -13.39% | |
| Price / MAexp50: | -21.03% | |
| Price / MAexp100: | -63.14% |
Quotes :
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15 min delayed data
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NASDAQ OTCBB
This member declared not having a position on this financial instrument or a related financial instrument.
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