LPTUSDT Breaking Free - A Bullish TriumphLPTUSDT's Breakout: A Bullish Triumph
LPTUSDT has recently emerged victorious in a battle for bullish dominance, confirming a daily break and close above the longstanding downtrend trendline. This marked a significant shift as it broke free from the constraints of a triangle pattern that had limited its potential for quite some time.
Demand Zone as a Beacon of Strength
In tandem with its triumphant breakout, the $5.3 demand zone demonstrated its reliability, underlining an evident increase in buying pressure. The multiple bounces off this critical support zone in the recent past have solidified its role in LPT's price dynamics.
The 50% Fibonacci Support: A Key Player
As things stand, LPT is currently perched at the 50% Fibonacci retracement support level. This presents an intriguing setup as there is a possibility of a double-bottom formation on a lower timeframe. This pattern often signifies a shift from bearish sentiment to bullish enthusiasm.
Shaping the Future: An Upcoming Opportunity
With the stage set for a potential buying opportunity, we'll be closely monitoring LPTUSDT's price action. As the dynamics evolve, we'll provide you with timely updates and insights, keeping you informed about the LPTUSDT buy signal in our channel.
LPT
Check LPT token statusCheck LPT token status
In the one-hour time frame, the RSI indicator is decreasing and it registers lower peaks.
On the other hand, the price is below the resistance zone and is still involved with the midline of its ascending channel.
If the candle closes below the midline of the ascending channel (confirmation candle), you can have a positive opinion on the short position.
Check it.
LPT target 104h time frame
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LPT has been consolidating for two months since reaching 9.26 in August. This consolidation structure is going to be a potential triangle pattern, which tends to be continuation structure.
If LPT can break above this triangle, we can set up a great trading plan, its risk to reward ratio is 4.
TP: 9.9~10.7
SL: 5.05
LPT/USDT SCALP (HIGH RISK)Hi Trader. I hope you have a good time. My short position on LPT which was opened at the price of 6.93 will be closed at the price of 5.76 and the long position will be opened. The stop loss of this analysis is less than 2% and the profit is around 10%. Accuracy Note that this trade on this currency carries a relatively high risk.
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LPT Update (4H TF)According to the previous analysis, a heavy fall was made from the specified area.
Now, in this update, I specified the resistance and support zones and the possible direction of price movement.
If the price enters the red box, we will look for sell/short trades.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LPTUSDT Bullish Flag formation💎 A Promising Start: #LPTUSDT has drawn our attention with recent price action, notably finding support at the 78.6% Fibonacci retracement level.
💎 Long-Term Bullish Trend: Compared to most cryptos, #LPT maintains a strong long-term bullish trajectory, increasing the potential for further growth.
💎 Flag Formation: Over the past week, a Bullish Flag pattern has emerged, followed by an upside breakout. This can suggest a continuation of the uptrend, and the MCP team is poised for a buying opportunity.
💎 Resistance Ahead: The closest resistance lies at the 127.2% Fibonacci retracement level, which, if reached, would complete the Bullish Flag pattern.
💎 Prepared for Consolidation: While the uptrend could resume at any time, we must also be prepared for extended consolidation. Crucially, the price must stay above the descending channel's lower boundary, which acts as the downtrend support trendline.
💎 Key Support Zone: The critical support zone remains at the 78.6% Fibonacci level. A breach below this level would prompt a change in our sentiment.
LPT/USDT Breakout the Bullish Pennant, Pumping is coming ?? Yello Paradisers, LPT Analysis: Strong Bounce and Bullish Breakout
💎 LPT experienced a strong rejection after touching the support trendline of its Bullish Pennant pattern, only to bounce back vigorously and break out of the pattern.
💎 Notably, this support trendline also aligns with the golden Fibonacci level of 0.618, which likely contributed to the robust bounce and breakout, facilitated by high trading volume.
💎 LPT is expected to retest the now-support trendline, previously resistance, of the Bullish Pennant before continuing its upward trajectory to set new highs.
💎 Invalidation Scenario: This bullish outlook would be nullified if LPT experiences a false breakout, breaking below the support trendline of the Bullish Pennant and closing beneath it.
#LPT HTF looks pretty BullishCurrently the only resistance that bans the coin to continue its ascending move is between 7.7 and 8.3$, where we have Weekly FVG + Weekly 50 ema
On LTF we can expect some correction, until 5.7 - 5 $, where #LPT may bounce and continue its uptrend (line no 1)
but to continue the bullish run, we should see that the coin broke through resistance levels that i mentioned about above, only after the possibility to see #LPT at 13.6$ increases a lot. (line no 2)
if the coin doesnt mange to bounce from support levels that you can see on the chart (green lines) . In this case, #LPT will return to its lower levels - 3.8$ and probably below.
LPT CAN DROP VERY SOONFor some time now, LPT is very sharply bullish. Will a higher ceiling be available for LPT or is it the end of LPT? Let's check it together
After the bullish CH and BOS, the LPT turned down and formed a bearish CH.
Now the price is supported and we expect a pullback towards the order block. If it reaches the order block, we will look for sell/short trades.
There is a liquidity pool at the top and at the bottom, it is expected to return after collecting the upper liquidity pools and collect the lower liquidity pool. The green box is the target we expect to reach if the candles are rejected.
I specified the invalidation level. If a daily candle closes above this level, the analysis is violated.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save profit and exit from position
Comment if you have any questions
Thank You
Lpt/usdt update Lpt/usdt
4H Time-frame
A triangle pattern has formed on the 4-hour time-frame. This pattern is neutral and can break out in either a bullish or bearish direction. However, based on the overall market trend, I anticipate the price to break out upwards from this pattern, resulting in a 30-50% bullish move. Let's wait and see.
Note: These ideas are personal opinions. Always conduct your own research before making decisions. Good luck!
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Livepeer (LPT) formed bullish Gartley for upto 23% pumpHi dear friends, hope you are well and welcome to the new trade setup of Livepeer (LPT) token with US Dollar pair.
Recently we caught almost 130% pump of LPT as below:
Now on a 4-hr time frame, LPT has almost completed a bullish Gartley for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.