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Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November -Breaking

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November price rise in Litecoin by 37%LTC) risks exhaustion as the “Silber cryptocurrency” hints at forming a double top chart pattern.

It Classic bearish reversal set-up appears when the price forms two consecutive peaks of almost the same height, with each upside move meeting with a strong correction toward a common support level, called the “neckline.”

four-hour price chart featuring “double top” pattern. TradingView
LTC/USD compares to four-hour chart. TradingView
LTC/USD price chart for 4 hours featuring bull pennant set. TradingView