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LPT / TetherUS PERPETUAL CONTRACT

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LPTUSDT.P trade ideas

Analysis of LPTUSDT.PChart Time Frame: 4h Current Price: 21.667 Bollinger Bands (21,2): Lower Band: 20.874 Middle Band: 21.623 Upper Band: 22.371 Broken Support: 22.697 Resistance: 23.795 Recent Price Action and Historical Context: Current Position within Bollinger Bands: The current price of 21.667 is just above the middle band (21.623) but below the upper band (22.371). This indicates that the price is in a relatively neutral position within the Bollinger Bands, suggesting limited immediate upward or downward pressure. Broken Support Level: The previous support at 22.697 has been broken, which is now acting as a resistance level. This broken support level indicates that the bears have recently taken control, pushing the price below what was once a significant support level. Key Resistance Level: The next major resistance level is at 23.795. This level will be a critical test for the bulls if the price attempts to move higher from its current position. Overbought Condition and Retest of Resistance: On 22nd May 2024, the price was above the resistance at 21.214, indicating an overbought condition. Since then, the price has retraced to this resistance level three times, demonstrating significant volatility and testing of this key level. On one of these occasions, the price dropped up to 6.5% lower than the resistance at 21.214, showing that there was a substantial pullback after each attempt to retest this level. Market Sentiment and Potential Scenarios: Bullish Scenario: If the price can break above the upper Bollinger Band (22.371) and reclaim the broken support at 22.697, it could target the resistance at 23.795. Successfully overcoming these levels would indicate strong bullish momentum and could lead to further gains. Bearish Scenario: If the price fails to hold above the middle Bollinger Band (21.623) and continues to fall, it could retest the lower Bollinger Band (20.874). A break below this level would suggest further downside potential. Neutral/Bounce Scenario: The price might continue to oscillate within the current Bollinger Bands range (20.874 - 22.371) without a clear directional move. Given the historical context of retracing to the resistance at 21.214 multiple times, the price might again attempt to find support around the middle Bollinger Band before making a decisive move. Conclusion: LPTUSDT.P is currently in a consolidation phase within the Bollinger Bands, with significant levels to watch on both the upside (22.697 and 23.795) and the downside (21.623 and 20.874). Traders should look for a break and close outside the Bollinger Bands for potential trend confirmation and monitor key support and resistance levels for signs of continued volatility and potential reversals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions.
by The_Bull_Trader
LPT/USDT Break alert!! Possible is continue upward after retest!💎 Paradisers, #LPT is indeed a coin worth monitoring closely. 💎 After successfully breaking above the resistance area of the ascending triangle and transitioning into the support region, LPT's current price action suggests bullish momentum. 💎 The price is likely to undergo a retesting phase, potentially revisiting the support zone around $16.7 - $15.9 before resuming its upward movement towards our target strong resistance area. 💎 However, if LPT fails to bounce during the retesting phase and the support proves to be weak, it could signal a bearish turn of events. In such a scenario, the ascending triangle pattern would fail, and LPT might resume its downward movement, heading towards the demand area around $14.15. 💎 Considering the historical price behavior, LPT has previously demonstrated strong bounces when reaching the demand area. 💎 But if LPT fails to bounce at the demand zone and breaks below it, along with breaching the support trendline, it would validate a bearish scenario. This would entail the bullish invalidation, indicating a continuation of the downward movement with the price potentially dipping even further. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
2
LPTUSDT.P TECHNICAL ANALYSIS Technical Analysis: LPTUSDT.P (4h Chart) Current Price: $22.272 Recent Market Events: Last Overbought: 22nd May 2024 Broken Resistance: $21.214 Key Levels: Resistance: $24.712 Support: $21.467 Bollinger Bands (21,2): Upper Band: $24.292 Middle Band (Basis): $22.317 Lower Band: $20.314 Analysis: Current Situation: The current price of $22.272 is slightly below the Bollinger Basis ($22.317), indicating a potential shift in market sentiment. The price recently broke the resistance at $21.214, now likely acting as a support level. Key Levels: Resistance: The next major resistance is at $24.712, close to the upper Bollinger Band ($24.292). This indicates a strong resistance zone between $24.292 and $24.712. Support: Immediate support is at $21.467. If the price falls below this level, it may test the lower Bollinger Band at $20.314. Bollinger Bands Analysis: Upper Band ($24.292): Indicates the upper limit of the current price range, acting as a resistance. Middle Band ($22.317): The current price is slightly below this level, suggesting potential bearish pressure but also close to a pivot point. Lower Band ($20.314): Acts as a significant support level in case of a downward movement. Market Sentiment: The recent overbought condition on 22nd May 2024 suggests that the market had a strong upward movement which may now be consolidating. The average price change of 2.25% indicates moderate volatility. Conclusion: LPTUSDT.P is currently in a consolidation phase just below the Bollinger Basis. The price is supported by the broken resistance at $21.214 and has immediate support at $21.467. Resistance is strong near $24.292 to $24.712. Watch for a breakout above the Bollinger Basis ($22.317) for a potential bullish move towards $24.712. Conversely, if the price drops below $21.467, it may test the lower Bollinger Band at $20.314. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions.
by The_Bull_Trader
LPT ANALYSIS🔮 #LPT Analysis 💰💰 🌟🚀 There is a complete formation of Cup and Handle Pattern in #LPT. We are just waiting for a perfect breakout. If #LPT breakout with good volume then we will see a very good bullish move.🚀🚀 🔖 Current Price: $22.560 ⏳ Target Price:    $43.500 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #LPT. 🚀💸 #LPT  #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
1
LPTUSDT-Gaining Bullish MomentumAfter posting recent high of 27.4, LPTUSDT is in downtrend. Now it gave breakout of falling wedge pattern on daily and 4 hrs time frame. after breakout, it is going to test downward trend line. If the bulls get the momentum and show strength, then it may test recent high around 26.7 to 27.4 level. Further, to add bullish bias, bullish divergence is also appeared on 4 hr time frame in near past. Entry Price: 15.70 TP-1: 22.17 TP-2: 26.7-27 SL:8.90
Long
by ALIHAMID
1
Alikze »» LPT | Pullback to broken structureAccording to the previous analysis that was reviewed in 1H time, after the correction to the support box, the demand was met, and the target touched the ceiling of the channel after the correction. 💎But currently, in 1H time, after hitting the ceiling of the channel, it is being corrected, and this correction can extend to the green box, in case of renewed support, it will face demand and touch the supply range target. 💎 Alternative scenario. If this rapid correction is extended to the green box, it will be possible to break it up to the range of 15.63. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
1
Alikze »» LPT | Ready to correct up to the support zoneIn time 1h, it is moving in an ascending channel, which is currently in the specified supply area, and has tried to break the range twice. According to the structure, it can have a correction up to the green box area. 💎 In addition, if it meets the demand and can break the area, it can continue the route to the roof of the channel. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Short
by alikze
LPT: can 10x in the next few weeks? here is whyLPT looks really good because we have a falling wedge (bullish pattern) on the weekly chart and the price is currently above it. Also, we have an accumulation phase by whales. This is a really strong combo, so I recommend buying this coin. Where to take profit? We have a huge volume node, which you can see on the market profile - this is the first resistance. If the bulls are strong enough,we should see an all-time high pretty quickly. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Livepeer is a unique project because it aims to revolutionize the broadcasting industry by employing the powers of blockchain technology. The open-source platform allows users and developers to participate in the management and improvement of the platform freely. The growing capabilities of digital cameras for producing high-quality video content drive the development of the broadcasting industry, and Livepeer aims to further boost this process by allowing users to benefit from decentralized computing power and crypto-economic incentives for bootstrapping and participation. Livepeer is becoming a leading industry platform, as it allows users to participate in numerous ways. The platform offers opportunities for pay-as-you-go content consumption, auto-scaling social video services, uncensorable live journalism, and video-enabled DApps. Livepeer is transforming the live video streaming process and is on the road to becoming an industry leader. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
6
LPT looks bearishLPT seems to be forming a bearish triangle. It seems to be at the end of wave D. It is expected to go up a bit for wave E and then drop out of the red range. The targets are clear on the chart. If it reaches the red range, we will look for sell/short positions. Closing 1 daily candle above the invalidation level will violate the analysis 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
Short
by behdark
3
LPT/USDT Keep an eye on the support, potential bounce back to UP💎 LPT has recently encountered significant market dynamics, experienced rejection and forming a double-top pattern in the hourly timeframe. If this pattern holds true, there is potential for LPT to undergo a retest of the support area around 16.5. 💎 If LPT shows signs of bullish rejection at the support, such as forming bullish candle patterns, there is potential for the price to bounce and resume its upward trajectory, potentially testing the strong resistance area once again. 💎 However, if LPT fails to bounce when it reaches the support area, and even breaks down below it, it would signal bearish momentum, with the price potentially targeting the demand area. 💎 When LPT reaches the demand area, it must bounce and reclaim the area above the support at 16.5. A successful bounce would indicate a potential return to upward movement. However, failure to do so could lead to continued downward movement, with the price potentially declining further.
by MyCryptoParadise
43