LITECOIN - LTC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LTCUSD
ISIN:

LITECOIN - LTC/USD - 1H - Technical analysis published on 11/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 66.04 USD

My targets

64.45 USD (-1.32%)

61.87 USD (-5.27%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LITECOIN - LTC/USD as long as the price remains well below 66.04 USD. The sellers' bearish objective is set at 64.45 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 61.87 USD. In case of crossing, the next objective would be the support located at 58.86 USD. 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

7.5

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

LITECOIN - LTC/USD rating 65.31 USD. On the day, this instrument lost -0.32% with the lowest point at 65.10 USD and the highest point at 67.25 USD. The deviation from the price is +0.32% for the low point and -2.88% for the high point.

65.10

67.25

65.31

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this LITECOIN - LTC/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	61.87	64.45	65.29	65.31	66.04	67.67	68.43
Change (%)	-5.27%	-1.32%	-0.03%	-	+1.12%	+3.61%	+4.78%
Change	-3.44	-0.86	-0.02	-	+0.73	+2.36	+3.12
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	60.90	62.67	64.10	65.87	67.30	69.07	70.50
Camarilla	64.64	64.93	65.23	65.52	65.81	66.11	66.40
Woodie	60.72	62.59	63.92	65.79	67.12	68.99	70.32
Fibonacci	62.67	63.90	64.65	65.87	67.10	67.85	69.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59.83	63.75	66.47	70.39	73.11	77.03	79.75
Camarilla	67.35	67.96	68.57	69.18	69.79	70.40	71.01
Woodie	59.22	63.45	65.86	70.09	72.50	76.73	79.14
Fibonacci	63.75	66.29	67.86	70.39	72.93	74.50	77.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.91	54.94	62.08	69.11	76.25	83.28	90.42
Camarilla	65.33	66.63	67.93	69.23	70.53	71.83	73.13
Woodie	47.98	54.97	62.15	69.14	76.32	83.31	90.49
Fibonacci	54.94	60.35	63.69	69.11	74.52	77.86	83.28

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):	36.45
MACD (12,26,9):	-0.1600
Directional Movement:	-17.20
AROON (14):	-28.57
DEMA (21):	66.01
Parabolic SAR (0,02-0,02-0,2):	67.14
Elder Ray (13):	-0.82
Super Trend (3,10):	66.85
Zig ZAG (10):	65.18
VORTEX (21):	0.9300
Stochastique (14,3,5):	13.15
TEMA (21):	66.05
Williams %R (14):	-93.49
Chande Momentum Oscillator (20):	-0.68
Repulse (5,40,3):	-1.3000
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	1.04

MA7:	68.30
MA20:	70.40
MA50:	68.01
MA100:	65.96
MAexp7:	65.95
MAexp20:	66.21
MAexp50:	66.65
MAexp100:	67.51
Price / MA7:	-4.38%
Price / MA20:	-7.23%
Price / MA50:	-3.97%
Price / MA100:	-0.99%
Price / MAexp7:	-0.97%
Price / MAexp20:	-1.36%
Price / MAexp50:	-2.01%
Price / MAexp100:	-3.26%

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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