LITECOIN - LTC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	LTCUSD
ISIN:

LITECOIN - LTC/USD - 1H - Technical analysis published on 09/14/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 64.13 USD

My targets

66.80 USD (+1.50%)

73.84 USD (+12.20%)

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/USD as long as the price remains well above 64.13 USD. The buyers' bullish objective is set at 66.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 73.84 USD. If there is any crossing, the next objective would be the resistance located at 78.46 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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

Additional analysis

Quotes

The LITECOIN - LTC/USD price is 65.81 USD. The price has increased by +1.29% since the last closing and was between 64.93 USD and 65.98 USD. This implies that the price is at +1.36% from its lowest and at -0.26% from its highest.

64.93

65.98

65.81

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

Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USD:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of LITECOIN - LTC/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by 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 bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	61.74	62.48	64.13	65.81	66.07	66.80	78.46
Change (%)	-6.18%	-5.06%	-2.55%	-	+0.40%	+1.50%	+19.22%
Change	-4.07	-3.33	-1.68	-	+0.26	+0.99	+12.65
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	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	60.66	61.56	63.26	64.16	65.86	66.76	68.46
Camarilla	64.26	64.49	64.73	64.97	65.21	65.45	65.69
Woodie	61.07	61.76	63.67	64.36	66.27	66.96	68.87
Fibonacci	61.56	62.55	63.16	64.16	65.15	65.76	66.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.21	56.75	59.42	63.96	66.63	71.17	73.84
Camarilla	60.10	60.76	61.42	62.08	62.74	63.40	64.06
Woodie	51.27	56.28	58.48	63.49	65.69	70.70	72.90
Fibonacci	56.75	59.51	61.21	63.96	66.72	68.42	71.17

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):	70.86
MACD (12,26,9):	0.5700
Directional Movement:	27.07
AROON (14):	92.86
DEMA (21):	65.87
Parabolic SAR (0,02-0,02-0,2):	65.04
Elder Ray (13):	0.47
Super Trend (3,10):	65.00
Zig ZAG (10):	65.85
VORTEX (21):	1.3100
Stochastique (14,3,5):	92.89
TEMA (21):	65.93
Williams %R (14):	-11.85
Chande Momentum Oscillator (20):	0.87
Repulse (5,40,3):	0.3400
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	2.73

MA7:	62.81
MA20:	63.37
MA50:	64.23
MA100:	68.45
MAexp7:	65.61
MAexp20:	65.10
MAexp50:	64.10
MAexp100:	63.31
Price / MA7:	+4.78%
Price / MA20:	+3.85%
Price / MA50:	+2.46%
Price / MA100:	-3.86%
Price / MAexp7:	+0.30%
Price / MAexp20:	+1.09%
Price / MAexp50:	+2.67%
Price / MAexp100:	+3.95%

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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