LITECOIN - LTC/USD - 1H - Technical analysis published on 07/29/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 59.76 USD
My targets
64.19 USD (+4.17%)
67.81 USD (+10.04%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on LITECOIN - LTC/USD. As long as you are above the support located at 59.76 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 64.19 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 67.81 USD as an objective. Crossing it would then enable buyers to target 107.24 USD. If the support 59.76 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.1
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This analysis was given by ErnestMoney. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LITECOIN - LTC/USD rating 61.62 USD. The price is lower by -2.92% since the last closing with the lowest point at 59.82 USD and the highest point at 64.54 USD. The deviation from the price is +3.01% for the low point and -4.52% for the high point.59.82
64.54
61.62
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this LITECOIN - LTC/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 54.52 | 58.78 | 59.76 | 61.62 | 64.19 | 107.24 | 131.12 |
| Change (%) | -11.52% | -4.61% | -3.02% | - | +4.17% | +74.03% | +112.79% |
| Change | -7.10 | -2.84 | -1.86 | - | +2.57 | +45.62 | +69.50 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.61 | 55.88 | 59.67 | 61.94 | 65.73 | 68.00 | 71.79 |
| Camarilla | 61.80 | 62.36 | 62.92 | 63.47 | 64.03 | 64.58 | 65.14 |
| Woodie | 54.38 | 56.26 | 60.44 | 62.32 | 66.50 | 68.38 | 72.56 |
| Fibonacci | 55.88 | 58.19 | 59.62 | 61.94 | 64.25 | 65.68 | 68.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.03 | 50.23 | 53.29 | 57.49 | 60.55 | 64.75 | 67.81 |
| Camarilla | 54.34 | 55.01 | 55.68 | 56.34 | 57.01 | 57.67 | 58.34 |
| Woodie | 45.45 | 49.95 | 52.71 | 57.21 | 59.97 | 64.47 | 67.23 |
| Fibonacci | 50.23 | 53.01 | 54.72 | 57.49 | 60.27 | 61.98 | 64.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.68 | 31.54 | 42.67 | 51.53 | 62.66 | 71.52 | 82.65 |
| Camarilla | 48.30 | 50.14 | 51.97 | 53.80 | 55.63 | 57.47 | 59.30 |
| Woodie | 23.82 | 32.11 | 43.81 | 52.10 | 63.80 | 72.09 | 83.79 |
| Fibonacci | 31.54 | 39.18 | 43.89 | 51.53 | 59.17 | 63.88 | 71.52 |
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): | 48.46 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 0.43 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 62.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 63.93 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 63.48 | |
| Zig ZAG (10): | 61.82 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 37.57 | |
| TEMA (21): | 61.54 | |
| Williams %R (14): | -60.17 | |
| Chande Momentum Oscillator (20): | -1.98 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 6.24 |
| MA7: | 58.12 | |
| MA20: | 55.31 | |
| MA50: | 53.20 | |
| MA100: | 66.18 | |
| MAexp7: | 61.69 | |
| MAexp20: | 62.01 | |
| MAexp50: | 60.67 | |
| MAexp100: | 59.01 | |
| Price / MA7: | +6.02% | |
| Price / MA20: | +11.41% | |
| Price / MA50: | +15.83% | |
| Price / MA100: | -6.89% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.63% | |
| Price / MAexp50: | +1.57% | |
| Price / MAexp100: | +4.42% |
Quotes :
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Real time data
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