A 37% November price rally in Litecoin (LTC) risks exhaustion as the “silver cryptocurrency” hints at forming a Double Top chart pattern.
The classic bearish reversal setup appears when the price forms two consecutive peaks of almost the same height, with each upside move meeting with a strong correction towards a common support level, called the “neckline.”
Typically, the price breaks below the support and falls by as much as the maximum height between the Double Top’s peak and neckline.
So…
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