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Crypto · candlestick pattern

Shooting star on Litecoin

On Litecoin the shooting star showed up 266 times. The target came first 32% of the time, the stop 60%, 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
Daily30%100%0%
4-hour5639%57%4%
Hourly20731%60%9%

Litecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Litecoin26632%60%8%
All Crypto charts7,26636%57%7%
Every market10,01336%57%7%

Year by year

YearFoundTarget firstStop first
20213426%62%
20224646%46%
20235129%59%
20244622%72%
20256131%67%
20262843%46%

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 shooting star is

After a rise, buyers pushed up and sellers slammed it back down.

A firework shoots high into the sky, sparkles, and then falls back down. A shooting star candle is like that: after a rise, price shot up during the candle, then sellers pushed it back down near where it started. The long top wick is the trail it left behind.

The full shooting star 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 shooting star elsewhere

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

Questions

How often does the shooting star work on Litecoin?

In 266 cases on Litecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 60%; 8% went nowhere within 12 candles.

What is the shooting star?

After a rise, buyers pushed up and sellers slammed it back down.