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Crypto · chart pattern

Ascending triangle on Litecoin

On Litecoin the ascending triangle showed up 25 times. The target came first 24% of the time, the stop 68%, and 8% went nowhere within 12 candles.

Counted on Litecoin (LTC/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
4-hour367%0%33%
Hourly2218%77%5%

Litecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Litecoin2524%68%8%
All Crypto charts50736%60%4%
Every market68037%59%4%

Year by year

YearFoundTarget firstStop first
2022540%60%
2023425%50%
202480%88%
202530%100%
2026333%67%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the ascending triangle is

A flat ceiling and rising floor squeeze together, then price breaks up.

Imagine bouncing a ball under a low ceiling while the floor slowly rises beneath it. Each bounce has less room, until the ball has to escape somewhere. An ascending triangle is price squeezed like that, and here it escapes through the ceiling.

The full ascending triangle lesson, video and quiz ›

Other patterns on Litecoin

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile bounce · Doji · Volume profile rejection · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · all of them

The ascending triangle elsewhere

Solana · BNB · Cardano · Polkadot · Aave · Hedera · Dogecoin · TRON · Stellar

Questions

How often does the ascending triangle work on Litecoin?

In 25 cases on Litecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 24% of the time and the stop came first 68%; 8% went nowhere within 12 candles.

What is the ascending triangle?

A flat ceiling and rising floor squeeze together, then price breaks up.