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Crypto · indicator signal

Volume profile bounce on Litecoin

On Litecoin the volume profile bounce showed up 2,048 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
Daily6535%54%11%
4-hour38835%56%9%
Hourly1,59531%62%8%

Litecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Litecoin2,04832%60%8%
All Crypto charts50,19835%58%7%
Every market61,33036%58%6%

Year by year

YearFoundTarget firstStop first
202133929%63%
202235835%57%
202333830%63%
202434534%56%
202538432%62%
202628430%61%

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 volume profile bounce is

Price fell back to the price where the most trading happened, and bounced.

Imagine a market stall where most shoppers agreed on a fair price all week. When the price drops back to that fair price, shoppers who know it is a good deal rush in, and the price climbs again. The point of control is the price where the most trading happened, and a volume profile bounce is when price falls back to or near it and bounces up.

The full volume profile bounce lesson, video and quiz ›

Other patterns on Litecoin

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Doji · Volume profile rejection · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The volume profile bounce elsewhere

Ethereum · Bitcoin · Solana · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Aave · Dow Jones · S&P 500 · Sony · Gold · Silver

Questions

How often does the volume profile bounce work on Litecoin?

In 2,048 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 volume profile bounce?

Price fell back to the price where the most trading happened, and bounced.