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Crypto · chart pattern

Double bottom on Litecoin

On Litecoin the double bottom showed up 141 times. The target came first 40% of the time, the stop 53%, and 6% 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
Daily10%100%0%
4-hour2948%45%7%
Hourly11139%55%6%

Litecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Litecoin14140%53%6%
All Crypto charts3,29436%58%6%
Every market4,67237%57%6%

Year by year

YearFoundTarget firstStop first
20212737%52%
20222741%56%
20232040%50%
20241127%64%
20253135%65%
20262556%36%

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 double bottom is

Two lows at the same level, then a break above the peak between them.

Jump on a trampoline and you sink to the same low spot twice, but the second push sends you higher than before. A double bottom looks like the letter W: two lows at the same level with a hill between them. When price climbs above that hill, the W is complete.

The full double bottom 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 double bottom elsewhere

Ethereum · Bitcoin · Solana · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Aave · EUR/JPY

Questions

How often does the double bottom work on Litecoin?

In 141 cases on Litecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 53%; 6% went nowhere within 12 candles.

What is the double bottom?

Two lows at the same level, then a break above the peak between them.