$LTC 🔻 Double Top at Chart: LTC Flashing Reversal Signals! ⚠️📉
Litecoin (LTC) is forming a double top pattern on the chart — one of the clearest and most powerful reversal signals in technical analysis 🔺🔺📊. After testing the same resistance zone twice and failing to break through, momentum is fading, and sellers are starting to step in hard 🛑💼.
Volume is dropping on each upward attempt, while bearish divergence is creeping into RSI. MACD is also showing signs of a potential bearish crossover. All of these are red flags that the rally may be losing steam 🔻📉.
The neckline is the key level to watch now — if LTC breaks below it with strong volume, the pattern confirms and a sharper drop could follow 💣⚠️. Traders who chased the recent highs may get trapped, fueling further downside as stop-losses trigger 🔁💥.
What looked like bullish strength is quickly becoming a distribution zone, and unless buyers step up in a big way, the path of least resistance is likely down. The double top is a pattern that often plays out fast — and when it breaks, it breaks hard.
Double top at chart — LTC may be running out of gas. Are you ready before the trend flips? 🔻📉