LITECOIN - LTC/USD - 1H - Technical analysis published on 09/07/2024 (GMT)
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- 0
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 64.83 USD
My targets
60.61 USD (-3.77%)
58.86 USD (-6.56%)
My analysis
The bearish trend is currently very strong for LITECOIN - LTC/USD. As long as the price remains below the resistance at 64.83 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 60.61 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 58.86 USD as an objective. Crossing it would then enable sellers to target 50.41 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The LITECOIN - LTC/USD price is 62.99 USD. The price registered a decrease of -0.05% on the session and was between 62.78 USD and 63.39 USD. This implies that the price is at +0.33% from its lowest and at -0.63% from its highest.62.78
63.39
62.99
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this LITECOIN - LTC/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 50.41 | 58.86 | 62.63 | 62.99 | 64.83 | 66.01 | 66.62 |
| Change (%) | -19.97% | -6.56% | -0.57% | - | +2.92% | +4.79% | +5.76% |
| Change | -12.58 | -4.13 | -0.36 | - | +1.84 | +3.02 | +3.63 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.11 | 58.21 | 60.61 | 63.71 | 66.11 | 69.21 | 71.61 |
| Camarilla | 61.51 | 62.01 | 62.52 | 63.02 | 63.52 | 64.03 | 64.53 |
| Woodie | 54.77 | 58.04 | 60.27 | 63.54 | 65.77 | 69.04 | 71.27 |
| Fibonacci | 58.21 | 60.31 | 61.61 | 63.71 | 65.81 | 67.11 | 69.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.11 | 56.26 | 60.61 | 63.76 | 68.11 | 71.26 | 75.61 |
| Camarilla | 62.91 | 63.60 | 64.28 | 64.97 | 65.66 | 66.35 | 67.03 |
| Woodie | 53.72 | 56.56 | 61.22 | 64.06 | 68.72 | 71.56 | 76.22 |
| Fibonacci | 56.26 | 59.12 | 60.89 | 63.76 | 66.62 | 68.39 | 71.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.92 | 41.10 | 53.04 | 62.22 | 74.16 | 83.34 | 95.28 |
| Camarilla | 59.16 | 61.10 | 63.03 | 64.97 | 66.91 | 68.84 | 70.78 |
| Woodie | 33.29 | 41.79 | 54.41 | 62.91 | 75.53 | 84.03 | 96.65 |
| Fibonacci | 41.10 | 49.17 | 54.16 | 62.22 | 70.29 | 75.28 | 83.34 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.77 | |
| MACD (12,26,9): | -0.7600 | |
| Directional Movement: | -17.09 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 62.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.34 | |
| Elder Ray (13): | -0.35 | |
| Super Trend (3,10): | 64.58 | |
| Zig ZAG (10): | 63.01 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 36.45 | |
| TEMA (21): | 62.36 | |
| Williams %R (14): | -62.98 | |
| Chande Momentum Oscillator (20): | -1.28 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 7.52 |
| MA7: | 64.40 | |
| MA20: | 64.25 | |
| MA50: | 65.51 | |
| MA100: | 69.92 | |
| MAexp7: | 62.96 | |
| MAexp20: | 63.73 | |
| MAexp50: | 64.62 | |
| MAexp100: | 64.84 | |
| Price / MA7: | -2.19% | |
| Price / MA20: | -1.96% | |
| Price / MA50: | -3.85% | |
| Price / MA100: | -9.91% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -1.16% | |
| Price / MAexp50: | -2.52% | |
| Price / MAexp100: | -2.85% |
Quotes :
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Real time data
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