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Crypto · candlestick pattern

Bearish engulfing on Litecoin

On Litecoin the bearish engulfing showed up 509 times. The target came first 34% of the time, the stop 58%, 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
Daily1817%72%11%
4-hour10932%60%8%
Hourly38236%56%8%

Litecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Litecoin50934%58%8%
All Crypto charts13,83735%57%9%
Every market19,16535%58%8%

Year by year

YearFoundTarget firstStop first
20219733%62%
20227141%56%
20238730%57%
20248638%57%
20259730%60%
20267135%51%

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 bearish engulfing is

A red body swallows the green one before it. Sellers took control.

Picture a small green fish, then a bigger red fish that swallows it whole. In a bearish engulfing pattern, the red candle's body is so big it covers the whole green body before it. After a rise, it shows sellers suddenly took over.

The full bearish engulfing 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 bearish engulfing elsewhere

Ethereum · Bitcoin · Solana · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Aave · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the bearish engulfing work on Litecoin?

In 509 cases on Litecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 58%; 8% went nowhere within 12 candles.

What is the bearish engulfing?

A red body swallows the green one before it. Sellers took control.