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Crypto · chart pattern

Double top on Litecoin

On Litecoin the double top showed up 115 times. The target came first 38% of the time, the stop 55%, and 7% 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
Daily50%100%0%
4-hour3129%61%10%
Hourly7944%49%6%

Litecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Litecoin11538%55%7%
All Crypto charts3,43440%53%7%
Every market4,64138%55%7%

Year by year

YearFoundTarget firstStop first
20211250%42%
20221942%42%
20232245%50%
20242236%59%
20252020%80%
20262040%50%

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 top is

Two peaks at the same height, then a break below the dip between them.

Imagine climbing a wall, slipping back, then reaching the same spot again before sliding down even further. A double top looks like the letter M: two peaks at the same height with a dip between them. When price falls below that dip, the M is complete.

The full double top 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 top elsewhere

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

Questions

How often does the double top work on Litecoin?

In 115 cases on Litecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 55%; 7% went nowhere within 12 candles.

What is the double top?

Two peaks at the same height, then a break below the dip between them.