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Crypto · price-structure setup

Resistance rejection on Litecoin

On Litecoin the resistance rejection showed up 100 times. The target came first 29% of the time, the stop 59%, and 12% 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
Daily20%100%0%
4-hour1331%69%0%
Hourly8529%56%14%

Litecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Litecoin10029%59%12%
All Crypto charts2,10636%55%9%
Every market2,88936%56%8%

Year by year

YearFoundTarget firstStop first
2021650%33%
20221638%56%
20231533%47%
20242627%58%
20252326%65%
20261414%79%

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 resistance rejection is

Price rose back to a level that stopped it before, and turned down again.

Throw a ball up in a room and it bounces off the ceiling and falls. Resistance is a price ceiling where rises stopped before, because sellers were waiting there. A resistance rejection is when price climbs back to that ceiling and gets pushed down again.

The full resistance rejection 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 resistance rejection elsewhere

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

Questions

How often does the resistance rejection work on Litecoin?

In 100 cases on Litecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 59%; 12% went nowhere within 12 candles.

What is the resistance rejection?

Price rose back to a level that stopped it before, and turned down again.