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LPT / TetherUS PERPETUAL CONTRACT

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LPTUSDT.P trade ideas

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.
by Trader_ph
Greyscale will keep selling LPT until it hits supportLPT is definitely a great project and worth hodling for the long term. I sold my LPT at 89 and now I'm looking for places to buy back. Keep in mind that greyscale has filled its bags when LPT was at 17-20 and they are still at +400% profit, so they will keep selling and trying to purchase more at lower prices. The first possible place for entry will be the previous ATH at 40-44 area, I will be buying again at that price. If that area is lost, the next support would be 30-33 and if the market turns bearish, we could see LPT back at 17-20 area. I will start buying at the first support, cause I don't see it going below it for now. STOPLOSS: Breaking the descending channel to the upside with a 4-hour close and a confirmation candle.
Short
by SamTheNoviceTrader