Livepeer vs Tether Goes Bullish (333.3% Potential Profits)We just looked at LPTBTC (Livepeer vs Bitcoin) - check ' Related ideas ' below - and we are now on the LPTUSDT (Livepeer vs Tether) pair, both are looking good.
This chart is very similar to the BTC pair as we can see a test of support, in this case in the form of a rising trend-line as well as a break above resistance that followed in the form of EMAs.
With LPTUSDT trading above EMA10/21/50/100/300 and MA200, we can easily this pair print a bullish jump.
If I were trading I used a stop-loss around $27, a close below this level... And then just aim all the way up.
We are aiming long at 333.3% but short-term there can be 50% if the bulls follow up.
Feel free to leave a comment with your questions.
Thanks for the continued support.
Namaste.
LPT
Livepeer vs Bitcoin Support Found (40-150% Potential Profits)These yellow triangular patterns tend to form at support/low levels, which means that a bullish jump can happen after they show up (reversal signal).
For Livepeer (LPTBTC), we see this pattern 3 times total.
In July '21, October '21 and finally January '22.
The current reversal pattern found support above MA200 (black) and has already moved back above EMA100 (blue) and EMA50 (magenta).
The doors are open for additional growth.
Here I mapped two targets.
First 40% short-term and up to 150%+ on a mid-term jump.
This is not financial advice.
Namaste.
$LPT/USDT 6h (#BinanceFutures) Bull pennant breakout and retestLivepeer Token regained 200MA support and looks ready for bullish continuation after that pull-back.
livepeer.org
Current Price= 46.751
Buy Entry= 46.750 - 44.510
Take Profit= 53.870 | 62.582 | 75.612
Stop Loss= 40.908
Risk/Reward= 1:1.75 | 1:3.59 | 1:6.35
Expected Profit= +36.12% | +74.30% | +131.42%
Possible Loss= -20.70%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 1 month
Livepeer hey traders, there is LPT, we need closing above the blue line for 1D bar to get the green lines (short term's targets)
the yellow lines (long term's targets) and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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LPTUSDT trade will be range bounded LPTUSDT trade will be in the range of 23% fib level and 100% fib level. you can enter in either direction to get profit. I will prefer to enter around 23% fib level for long position.
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Road to 84.5K #BTC Is Now INEVITABLE#BTC IS ROARING TOWARDS 84.5K. I've been calling this for months on in. Easier Said than Done tho, WELL DONE BTC & Krypto Community. This video describes a pattern formation ive been track since the end of July. Its a basic inverse head & shoulder formation playing itself out in a Historical Trend Setting Fashion. Also i provide proof on The Moon Phase Indicator, which seems to favor the trend changes a bit better on the weekly charts. One exhausting fact ,is that, each weekly phase consist of 7 Daily Values. With tht in mind u sometimes have to wait for the weekly printed Moon to appear for drastic change to take place.
LPTUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
LPTUSDT TECHNICAL ANALYSIS LPT Has joined in short time on @TradingView and @Binance
LPT Lost approximately 90% since June till now. The candles are in triangles add moving average strategies are getting cross. Sure if the move-in cover and strategies change the direction, it may an opportunity for us to buy. If the candles break down/out down trend line And one of the candle Open close completely about the down trend line it’s may second opportunities for us to buy then We may earn approximately 66%. We need to be careful at the same times as well on our trade because all candles are in triangle at the moment. If candles break down/out uptrend line and the next candle open clause below the uptrend line, it may lose value more. Let’s follow our chat closely.
“NFA”
LPT buy and HOLD ALL TIME - WEB_3.0Why i want buy and hold #LPT_USD
🎯TARGET2 =to the moon ~150
🎯TARGET1=29.50
🔰BUY=22.50
⛔️STOP=21.78
R=8
FUNDAMENTAL:
Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies
Digital assets like livepeer, helium and bittorent have soared in value this year despite the recent slump in cryptocurrencies.
By Omkar Godbole
Aug 5, 2021 at 12:41 a.m.
Updated Aug 24, 2021 at 10:01 p.m.
With bitcoin (BTC, 2.52%) prices stuck in a months-long holding pattern, some cryptocurrency traders are speculating on what might be the next hot market bet: digital assets associated with visions of a decentralized Internet, referred to colloquially as Web 3.0 tokens.
Data tracked by Messari and published by Arca Chief Investment Officer Jeff Dorman shows the cryptocurrency sub-sector of "Web 3.0 tokens" gained 22% in the week ended Aug. 1, outshining bitcoin and every other sub-sector, including non-fungible tokens (NFTs). Bitcoin, the largest cryptocurrency by market value, rallied 10%.
On a year-to-date basis, tokens associated with decentralized Internet applications have seen an average 244% rise, trailing the NFT sub-sector's 2,726% gain but beating bitcoin's 37% appreciation.
Crypto performance
Some of the most prominent Web 3.0 coins, such as livepeer (🎯LPT), helium (🎯HNT), and bittorrent (🎯BTT, -2.23%) (BTT), are up at least 800% this year, despite a slump in cryptocurrency markets since April, according to Messari.
"Seeing the Web 3.0 ecosystem grow exponentially since the beginning of the year and keep the majority of their gains after the capitulation even in May is very positive for the crypto market," Nick Mancini, a research analyst for Trade The Chain, told CoinDesk. "Higher prices are directly linked to increased demand and expansion of services in each layer, and because of this, the ecosystem is able to continue its growth."
Web 3.0 refers to a paradigm shift for the Internet run by network participants worldwide and defined by a set of open, trust-minimized and decentralized networks and protocols offering services such as computing, storage, bandwidth, finance and identity.
For instance, the Ethereum-based Livepeer protocol offers a marketplace for video infrastructure providers and streaming applications, while Filecoin and The Graph provide decentralized file storage and data management networks. Helium uses blockchains and tokens to incentivize consumers and small businesses to provide and validate wireless coverage and transfer device data over the network.
Messari's tracker shows the Web 3.0 tokens sub-sector, which includes over 40 coins, has a total market valuation of $25 billion, excluding oracle provider Chainlink. (The oracle provider is widely associated with decentralized finance and has a market cap of $10 billion).
However, just considering prominent projects like The Graph, Filecoin, Helium and Livepeer, the market capitalization of Web 3.0 tokens tallies less than $15 billion. That's just 2% of bitcoin's total market capitalization of $735 billion. But it's similar to the size of the decentralized finance (DeFi) space a year ago. Messari data shows the DeFi subsector now includes 137 assets and is worth over $50 billion.
Awaiting Mainstream Attention
While the Web 3.0 tokens have outperformed bitcoin and other major coins by a big margin this year, the sector is yet to witness the euphoria or mainstream attention that Bitcoin, Ethereum, DeFi, NFT, and even Ethereum layer 2 projects have received since October 2020.
That’s probably because the underlying technology is relatively complex.
“Web 3 is not quite as easy as DeFi is to understand, and it's probably 12 months behind DeFi in terms of mainstream awareness,” Kyle Samani, co-founder and managing partner at Multicoin Capital, said. “We expect this to change as consumer-facing applications based on NFTs, social tokens and creator monetization grow over the next 12 months such as Audius, Mirror, and many others.”
The DeFi boom began a year ago and has remained intact to date. That sector's market cap has grown from roughly $5 billion in early 2020 to over $50 billion at press time.
Samani is confident that Web 3.0 tokens will play catch up as DeFi sometimes gets a bad rep; however, there is no negativity associated yet with the idea of a decentralized internet. Recently, Commodity Futures Trading Commission (CFTC) Commissioner Dan Berkovitz said that DeFi derivatives might be illegal in the U.S.
"No one really says that The Graph, an indexing protocol for querying networks like Ethereum and Solana and IPFS, is bad, whereas a lot of people in the existing financial system say that DeFi is bad,” Samani said. "So as the awareness of Web 3 grows, it's hard to see anything but general support and enthusiasm."
Institutions Chip In
While mainstream adoption is still at least a year away, deep-pocketed investors are pouring money into Web 3.0 tokens. Multicoin Capital is invested in The Graph, Helium, and Livepeer, according to the official website.
Grayscale, the world's largest digital assets manager and preferred venue for institutional investors to gain exposure to digital assets, launched a livepeer trust in March. Rayhaneh Sharif-Askary, director of investor relations at Grayscale Investments, told CoinDesk last month that investors are diversifying into Web 3.0 tokens.
"It's diversification within the asset class, whether investors want exposure to bitcoin as a store of value, Ethereum for smart contracts," Sharif-Askary said.
"And then the other applications beyond that are building upon those networks, and solving other real-world problems," she said, adding that Grayscale's Livepeer trust is structurally identical to the landmark Grayscale Bitcoin Trust (GBTC) (Grayscale is a unit of Digital Currency Group, an investment holding company that is also the parent of CoinDesk.)
Livepeer's LPT token is up 1,050% this year. The protocol's weekly revenue surged 10-fold to over $10,000 in the February-to-June period, according to data provided by Web3Index.
Doug Petkanics, CEO and co-founder at Livepeer, told CoinDesk that online streaming is a $70 billion market and accounts for 80% of the Internet traffic today. Further, the market is set to grow from $70 billion to $250 billion in the next five years, according to analysts' projections, Petkanics said. The prospects for The Graph, and Ocean Protocol are also looking bright, as Messari’s second quarter review said.
Aside from the strong use case, many of these Web 3.0 tokens offer attractive yields via Staked, a platform that allows investors to earn yield from staking and DeFi without taking custody of their crypto assets.
For instance, Helium's HNT token currently offers an annualized 8.7% nominal yield, while The Graph's the graph (GRT, 0.40%) offers a 15% yield and LPT offers 30% returns. The high returns led to positive sentiment for these tokens, as reflected in the below sentiment chart.
"Traders have been feeling bullish in regard to them, which fuels a network effect," Mancini said. "Traders profit and stake, and, in turn, tell others about the outsized opportunity."
The Graph sentiment chart
Crypto Market Is Much More Than Bitcoin
The days of investors considering crypto markets synonymous with bitcoin are passé. While bitcoin remains the top cryptocurrency by market value, the recent underperformance relative to other coins suggests investors are diving deeper into digital-asset markets to find investments with faster growth potential.
"One-week data may not mean much, but if we look over three months, six months, and 12 months, there's a clear shift away from bitcoin into other sub-sectors, Web 3.0 being one of them," Arca’s Jeff Dorman said in a Telegram call.
Per Arca's research note published earlier this week, bitcoin has had "both poor up-capture and poor down-capture" this year. In plain English, bitcoin struggled to outperform other major coins during the market-wide downturn observed after mid-April but also underwhelmed as the market recovered in the past couple of weeks.
According to Dorman, the data shows that some new investors are bypassing bitcoin and ethereum (ETH, 0.50%) and going directly into other industry sub-sectors. Historically, investors have used the top two coins as gateways.
#LPT Livepeer to 39$? We can see that LPT maintains a strong accumulation since the end of May as well as a large part of the altscoins.
Livepeer is crossing the MA 20 and MA 50 which is a bullish sign.
If we add to this that Livepeer is about to break a strong resistance of the triangle. It is easy to see Livepeer in a target of $ 39 representing 78% fibo.
LPTUSDT { LIVEPEER } - BULLISH SETUPANALYSIS 🔎
- LPT/USDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@22.5)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
LPTUSDT { LIVEPEER } - BULLISH SETUPANALYSIS 🔎
- LPTUSDT is printing an ascending triangle pattern.
- Price is testing the ascending triangle's inclined support.
- There's a high concentration of buyers at this zone
- Price action is printing a pennant pattern at this zone.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the pennant pattern's horizontal resistance.
- Limit entry: test of the pennant pattern's inclined support.
TARGETS 🎯
- Ascending triangle's horizontal resistance.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
- This breakdown could lead to a touch of ascending triangle's inclined support.
$LPT headed to $42 in the near termHi traders,
I love the chart setup here. Appears that we're in the wave 2 of the larger wave 3 setup. This is a great area to get into for larger gains. As long as we hold the $17 area I expect a reversal and subwave 3 of the larger wave three to take us to the 1.618 fib of about $28 (but could go higher - 2.618 or 3.618) ultimately, if we stop out at the 1.618 fib near the $28 level, I expect a retrace and eventual wave 5 to hit at least $42!
These are just my thoughts and you should never make trading decisions based on anything I say, please do your own research.
Cheers!