Londinia Opportunities Analyses - 08/30/2024 (GMT) LITECOIN - LTC/ETH - 1H
| Type: | Cryptocurrencies |
| Ticker: | LTCETH |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.024962 ETH
My targets
0.025878 ETH (+2.28%)
0.028049 ETH (+10.87%)
My analysis
The bullish trend is currently very strong on LITECOIN - LTC/ETH. As long as the price remains above the support at 0.024962 ETH, you could try to benefit from the boom. The first bullish objective is located at 0.025878 ETH. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.028049 ETH as an objective. Crossing it would then enable buyers to target 0.031088 ETH. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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
0
10
8.6
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Additional analysis
Quotes
LITECOIN - LTC/ETH rating 0.025300 ETH. The price registered an increase of +2.43% on the session with the lowest point at 0.024537 ETH and the highest point at 0.025402 ETH. The deviation from the price is +3.11% for the low point and -0.40% for the high point.0.024537
0.025402
0.025300
Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/ETH:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LITECOIN - LTC/ETH indicates that the overall trend is strongly bullish. 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 probability of a further increase is high given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.024436 | 0.024721 | 0.024962 | 0.025300 | 0.025878 | 0.028049 | 0.031088 |
| Change (%) | -3.42% | -2.29% | -1.34% | - | +2.28% | +10.87% | +22.88% |
| Change | -0.000864 | -0.000579 | -0.000338 | - | +0.000578 | +0.002749 | +0.005788 |
| Level | Minor | 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 | 0.023355 | 0.023751 | 0.024225 | 0.024621 | 0.025095 | 0.025491 | 0.025965 |
| Camarilla | 0.024461 | 0.024541 | 0.024620 | 0.024700 | 0.024780 | 0.024860 | 0.024939 |
| Woodie | 0.023395 | 0.023771 | 0.024265 | 0.024641 | 0.025135 | 0.025511 | 0.026005 |
| Fibonacci | 0.023751 | 0.024083 | 0.024288 | 0.024621 | 0.024953 | 0.025158 | 0.025491 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021032 | 0.022423 | 0.023239 | 0.024630 | 0.025446 | 0.026837 | 0.027653 |
| Camarilla | 0.023447 | 0.023649 | 0.023852 | 0.024054 | 0.024256 | 0.024459 | 0.024661 |
| Woodie | 0.020744 | 0.022279 | 0.022951 | 0.024486 | 0.025158 | 0.026693 | 0.027365 |
| Fibonacci | 0.022423 | 0.023266 | 0.023787 | 0.024630 | 0.025473 | 0.025994 | 0.026837 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017893 | 0.019102 | 0.020402 | 0.021611 | 0.022911 | 0.024120 | 0.025420 |
| Camarilla | 0.021012 | 0.021242 | 0.021472 | 0.021702 | 0.021932 | 0.022162 | 0.022392 |
| Woodie | 0.017939 | 0.019125 | 0.020448 | 0.021634 | 0.022957 | 0.024143 | 0.025466 |
| Fibonacci | 0.019102 | 0.020060 | 0.020653 | 0.021611 | 0.022569 | 0.023162 | 0.024120 |
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): | 59.00 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 15.449615 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.025147 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.024710 | |
| Elder Ray (13): | 0.000146 | |
| Super Trend (3,10): | 0.024591 | |
| Zig ZAG (10): | 0.025181 | |
| VORTEX (21): | 1.1361 | |
| Stochastique (14,3,5): | 67.20 | |
| TEMA (21): | 0.025223 | |
| Williams %R (14): | -22.34 | |
| Chande Momentum Oscillator (20): | 0.000491 | |
| Repulse (5,40,3): | 0.4757 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0830 | |
| Courbe Coppock: | 3.88 |
| MA7: | 0.024312 | |
| MA20: | 0.024439 | |
| MA50: | 0.022923 | |
| MA100: | 0.022333 | |
| MAexp7: | 0.025129 | |
| MAexp20: | 0.024947 | |
| MAexp50: | 0.024713 | |
| MAexp100: | 0.024496 | |
| Price / MA7: | +4.06% | |
| Price / MA20: | +3.52% | |
| Price / MA50: | +10.37% | |
| Price / MA100: | +13.29% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | +1.41% | |
| Price / MAexp50: | +2.38% | |
| Price / MAexp100: | +3.28% |
Quotes :
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Real time data
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