Trading Class

Markets › Litecoin › Support bounce

Crypto · price-structure setup

Support bounce on Litecoin

On Litecoin the support bounce showed up 86 times. The target came first 31% of the time, the stop 56%, and 13% 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%60%40%
4-hour1540%60%0%
Hourly6632%55%14%

Litecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Litecoin8631%56%13%
All Crypto charts2,18034%55%11%
Every market2,91035%56%10%

Year by year

YearFoundTarget firstStop first
20211145%45%
20222524%64%
20231020%80%
20241747%53%
2025944%33%
20261414%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 support bounce is

Price fell back to a level that stopped it before, and bounced again.

Drop a ball and it bounces off the floor. Support is a price floor where falls stopped before, because buyers were waiting there. A support bounce is when price comes back down to that floor and bounces up again.

The full support bounce 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 support bounce elsewhere

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

Questions

How often does the support bounce work on Litecoin?

In 86 cases on Litecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 56%; 13% went nowhere within 12 candles.

What is the support bounce?

Price fell back to a level that stopped it before, and bounced again.