LITECOIN - LTC/EUR - Daily - Technical analysis published on 12/31/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 63.37 EUR
My targets
73.03 EUR (+8.87%)
76.89 EUR (+14.62%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LITECOIN - LTC/EUR as long as the price remains well above 63.37 EUR. The buyers' bullish objective is set at 73.03 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 76.89 EUR. If there is any crossing, the next objective would be the resistance located at 80.58 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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This analysis was given by christophe diot. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LITECOIN - LTC/EUR rating 67.08 EUR. The price registered an increase of +1.02% on the session and was traded between 65.48 EUR and 67.12 EUR over the period. The price is currently at +2.44% from its lowest and -0.06% from its highest.65.48
67.12
67.08
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LITECOIN - LTC/EUR in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish and bullish signals:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 41.68 | 57.15 | 63.37 | 67.08 | 67.09 | 73.03 | 76.89 |
| Change (%) | -37.87% | -14.80% | -5.53% | - | +0.01% | +8.87% | +14.62% |
| Change | -25.40 | -9.93 | -3.71 | - | +0.01 | +5.95 | +9.81 |
| Level | Major | Minor | Major | - | Intermediate | Major | Intermediate |
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 | 63.99 | 64.79 | 65.59 | 66.39 | 67.19 | 67.99 | 68.79 |
| Camarilla | 65.96 | 66.11 | 66.25 | 66.40 | 66.55 | 66.69 | 66.84 |
| Woodie | 64.00 | 64.79 | 65.60 | 66.39 | 67.20 | 67.99 | 68.80 |
| Fibonacci | 64.79 | 65.40 | 65.78 | 66.39 | 67.00 | 67.38 | 67.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.59 | 60.11 | 63.26 | 66.78 | 69.93 | 73.45 | 76.60 |
| Camarilla | 64.57 | 65.18 | 65.79 | 66.40 | 67.01 | 67.62 | 68.23 |
| Woodie | 56.40 | 60.02 | 63.07 | 66.69 | 69.74 | 73.36 | 76.41 |
| Fibonacci | 60.11 | 62.66 | 64.24 | 66.78 | 69.33 | 70.91 | 73.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.18 | 52.98 | 58.38 | 65.18 | 70.58 | 77.38 | 82.78 |
| Camarilla | 60.44 | 61.55 | 62.67 | 63.79 | 64.91 | 66.03 | 67.15 |
| Woodie | 45.49 | 52.63 | 57.69 | 64.83 | 69.89 | 77.03 | 82.09 |
| Fibonacci | 52.98 | 57.64 | 60.52 | 65.18 | 69.84 | 72.72 | 77.38 |
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): | 51.74 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 1.45 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 66.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 63.85 | |
| Elder Ray (13): | -0.35 | |
| Super Trend (3,10): | 71.39 | |
| Zig ZAG (10): | 66.85 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 52.96 | |
| TEMA (21): | 66.72 | |
| Williams %R (14): | -41.62 | |
| Chande Momentum Oscillator (20): | 2.58 | |
| Repulse (5,40,3): | 0.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.91 |
| MA7: | 67.05 | |
| MA20: | 66.10 | |
| MA50: | 66.08 | |
| MA100: | 64.46 | |
| MAexp7: | 66.83 | |
| MAexp20: | 66.54 | |
| MAexp50: | 66.08 | |
| MAexp100: | 66.06 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +1.48% | |
| Price / MA50: | +1.51% | |
| Price / MA100: | +4.06% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.81% | |
| Price / MAexp50: | +1.51% | |
| Price / MAexp100: | +1.54% |
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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