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 11/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

28%

44%

My opinion

Bullish above 68.43 USD

My targets

72.31 USD (+1.23%)

73.91 USD (+3.47%)

My analysis

The basic bullish trend is very strong on LITECOIN - LTC/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 68.43 USD. Crossing the first resistance at 72.31 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 73.91 USD as an objective. Crossing it would then enable buyers to target 78.46 USD. Caution, a return to below 68.43 USD would be a sign of a consolidation phase in the short-term basic trend. 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.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

4.3

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 71.43 USD. On the day, this instrument lost -0.11% with the lowest point at 70.74 USD and the highest point at 72.68 USD. The deviation from the price is +0.98% for the low point and -1.72% for the high point.

70.74

72.68

71.43

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

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of LITECOIN - LTC/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	67.67	68.43	71.23	71.43	72.31	73.91	78.46
Change (%)	-5.26%	-4.20%	-0.28%	-	+1.23%	+3.47%	+9.84%
Change	-3.76	-3.00	-0.20	-	+0.88	+2.48	+7.03
Level	Intermediate	Intermediate	Minor	-	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	67.74	68.87	70.19	71.32	72.64	73.77	75.09
Camarilla	70.84	71.06	71.29	71.51	71.74	71.96	72.18
Woodie	67.84	68.92	70.29	71.37	72.74	73.82	75.19
Fibonacci	68.87	69.81	70.38	71.32	72.26	72.83	73.77

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.75
MACD (12,26,9):	0.0800
Directional Movement:	5.17
AROON (14):	-57.14
DEMA (21):	71.53
Parabolic SAR (0,02-0,02-0,2):	72.02
Elder Ray (13):	0.01
Super Trend (3,10):	70.28
Zig ZAG (10):	71.41
VORTEX (21):	1.0300
Stochastique (14,3,5):	36.25
TEMA (21):	71.26
Williams %R (14):	-63.92
Chande Momentum Oscillator (20):	-0.95
Repulse (5,40,3):	0.1900
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.40

MA7:	68.70
MA20:	70.06
MA50:	68.41
MA100:	65.94
MAexp7:	71.35
MAexp20:	71.34
MAexp50:	70.76
MAexp100:	69.93
Price / MA7:	+3.97%
Price / MA20:	+1.96%
Price / MA50:	+4.41%
Price / MA100:	+8.33%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.13%
Price / MAexp50:	+0.95%
Price / MAexp100:	+2.15%

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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