hendrik87

possible double top m formation forming

Short
hendrik87 Updated   
BITFINEX:LTCUSD   Litecoin
i think ltc is forming a possible double top. there is a lot of restistance in the 141 to 144 area, the volume is very low and also litecoin didnt drop yet or made a healthy correction. if this does play out, i think
118 wil be a good target to close the trade. also on the ltcbtc chart litecoin cant make higher highs, that indicates to me that it will drop to the possible 0,013500 area. That area is very
strong support imo.
Comment:
ltcusd is on the 1hr currently trading in a ascending wedge what also could indicate of a sell.

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