LPTUSDT trade ideas
$LPT/USDT 6h (#BinanceFutures) Bull pennant breakout and retestLivepeer Token regained 200MA support and looks ready for bullish continuation after that pull-back.
livepeer.org
Current Price= 46.751
Buy Entry= 46.750 - 44.510
Take Profit= 53.870 | 62.582 | 75.612
Stop Loss= 40.908
Risk/Reward= 1:1.75 | 1:3.59 | 1:6.35
Expected Profit= +36.12% | +74.30% | +131.42%
Possible Loss= -20.70%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 1 month
Livepeer hey traders, there is LPT, we need closing above the blue line for 1D bar to get the green lines (short term's targets)
the yellow lines (long term's targets) and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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LPTUSDT trade will be range bounded LPTUSDT trade will be in the range of 23% fib level and 100% fib level. you can enter in either direction to get profit. I will prefer to enter around 23% fib level for long position.
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Livepeer(LPT) ready to 2x again? Technical analysis Hello. In my technical analysis, Livepeer(LPT) may be set for a 2x from 60$ to 120$.
Livepeer recently did an amazing 250% move starting from November 1 until November 9. From the peak of 101.8$ it tumbled to support at the 60-62$ support and the 0.5 Fibonacci.
After that, Livepeer has formed a triangle pattern marked by the red and green dashed lines. I believe price will break the red dashed line, for reasons:
1. Previous bull run. This triangle pattern may be a continuation pattern, just like what happened to LRC(Check my old analysis of it below). Only time will tell.
2. Healthy triangle pattern volume
3. Early RSI pattern breakout. May mean that price will follow what the RSI did.
4. RSI above 50. When RSI crosses above 50, it sometimes means a change in trend.
In my analysis, what would make this a sure breakout? These are my criteria:
1. High volume on breakout candle
2. Price breaking the 0.5 Fib(plotted from 101.8 to 61)
3. RSI touching 60/70. RSI touching 70 will make this a sure breakout.
This is my analysis for Livepeer(LPT). Thank you for reading! make sure to give constructive feedback in the comments.