Does the Bullish Engulfing work on Litecoin?

On Litecoin's daily chart, after a bullish engulfing Litecoin rose within 7 days 41% of the time across 118 past cases. On an ordinary day it did so 49% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On LitecoinNo edge
41% of 118 casesbaseline 49%
All coinsNo edge
45% of 14,571 casesbaseline 46%
Median move after the pattern -1.64% vs -0.08% from any bar; after a 0.2% round trip of fees -1.84%.

Daily chart

WithinLitecoinOrdinary barCasesAll coinsVerdict
24 hours54% (46%–62%)50%15448% vs 48%No edge
30 days45% (33%–57%)49%6743% vs 42%No edge
7 days41% (32%–50%)49%11845% vs 46%No edge

4-hour chart

WithinLitecoinOrdinary barCasesAll coinsVerdict
24 hours51% (47%–54%)52%71448% vs 49%No edge
7 days50% (44%–56%)50%26048% vs 48%No edge

1-hour chart

WithinLitecoinOrdinary barCasesAll coinsVerdict
24 hours49% (46%–53%)51%87549% vs 50%No edge
4 hours50% (48%–52%)50%184448% vs 50%No edge

How this is measured: each occurrence is counted from the bar where the pattern became knowable, overlapping cases are dropped, and the result is compared with how often Litecoin moved the same way from any random bar over the same window. A pattern only earns "beat the baseline" when the difference is larger than luck explains across all the tests we run. Full method.

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