LPT - Retracement Before New HighLPT has had a good leg up and may continue up toward the 7.7 to 7.9 range where resistance exists. I am expecting a retracement back down to 6.6 (ish) as there is a large amount of liquidity just begging for some attention. Supported by Fib as well.
The market will have to decide at that poinnt, but my own opinion from analysis includes a continuation after retracement. Liquidity will again pull the price upward as it is resting above levels 9.9 and also above the previous high of 11.5. Promising scenario. An idea may be to wait on the pull back period, and go LONG at the break up.
LPTUSDT trade ideas
LPTusdtConsider a long position entry for LPT if there is a bounce from the .5 to .618 Fibonacci retracement levels; this could indicate a potential continuation of the uptrend.
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#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 journey to discounts Weekly Discounts to HUNT for Longs
IFVG noted in grey: 6.22 -> 6.005 & 5.305 -> 5.198 & 4.845 -> 4.049
BISI in green: 5.822 -> 5.405 -> 4.988 -> 4.570 -> 5.153
Bullish Orderblock Open: 5.118 & 4.441
Weekly close under 6.674 ( C.E. of weekly SIBI) provides confluence for short term bearish narrative & after discounts, I expect 8.123 to have some unfinished business
MEXC:LPTUSDT.P
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 Buy Traee Based On Wave AnalysisHere is My Study on LPT.
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✴️ Livepeer Goes Bullish | Highest Since Feb. (333% Potential)Here we can see a major downtrend channel being broken; Livepeer goes bullish!
The current candle trades at its highest since February 2023, just a bit higher and it would be the highest price since October 2022.
A low was hit around mid-June, same as the rest of the Altcoins and now we are seeing strong up.
Another indication that the market is set to grow or even better, Livepeer has gone bullish.
Thanks a lot for your continued support.
Namaste.
Livepeer Possible Playout ChartSince August 5th, 2023, up until the current date of August 14th, 2023, there has been a substantial increase in the price movement of LPT, marking a notable surge of 104.74%.
The surge in LPT's value can be attributed to a significant sentiment boost following Coinbase's adoption of the LivePeer platform. This was highlighted by the recent event "Onchain Summer Stories," graced by the presence of Brian Armstrong, Coinbase's CEO, alongside the blockchain community and Layer 1 Base developers.
This sentiment injection triggered an exceptional rise in LPT's price. However, beneath this positive trend, there exists the potential for a corrective phase following the conclusion of the Onchain Summer Stories event, as the initial euphoria begins to dissipate.
Currently, LPT is constrained within the Fibonacci 0.618 area, and it is projected to experience a correction to around $6.22, with a potential decrease of approximately -17.43%.
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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LPT USDT PERPHello Trader OKX:LPTUSDT.P
This pair is bullish but there are some resistance and order
blocks that are not broken for long term upside. so I decided to
short the area at 7,004 - 7,177
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Disclamer: Not Financial Advice
long lptHow to Trade Using the SMC Trading Strategy:
We would learn Smart money entry patterns and methods such as:
SMC Reversal Entries
How to identify valid CHOCH.
Major and Minor change of character (CHOCH)
Aggressive Entry setup
Entry Methods:
Firstly let us examine the entry method we can use in the SMC trading strategy. Smc entry methods are divided into two major subcategories namely:
The reversal entry method
The continuation entry method
The reversal entry method can further be divided into two namely:
Change of character (CHOCH) or change of market structure.
Flip entry setup.