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LPT Technical Analysis: High Momentum Uptrend Aims At $58

LPT Technical Analysis

The LPT coin price is initiating a high momentum uptrend that aims to reach $58. Will the buyers manage to keep the bullish pressure on? The platform was launched in 2017 and was the very first completely decentralized live video streaming protocol. Its goal is to be an effective blockchain-based economical alternative to traditional broadcasting systems for both existing and new broadcasting companies. Let us move ahead to read about the LPT technical analysis. Past Performance of LPT The LPT coin price grows by 8.33% in the last 24 hours, marking a 15% growth in the past seven days. Moreover, the price breaks above the long-coming resistance trendline that has been influential in the daily chart. Therefore, the breakout of the following level at $46 will mark the start of a new uptrend. LPT/USD Daily Chart LPT Technical Analysis The LPT coin price action forms a triple white soldier pattern in the daily chart that breaks above the influential resistance trendline. Moreover, the lower price rejection in the bullish candles showcases a boom in underlying sentiments. The crucial 50, 100, and 200 days EMAs maintain a bullish alignment in the daily chart. The 50 days EMA provides constant support to the coin price and helps maintain the uptrend in action. The Stochastic RSI indicator showcases a bullish crossover slightly below the overbought zone. Moreover, the K and D lines approach the overbought zone in a positive alignment that reflects a rise in underlying bullishness. The ADX indicator reflects a boom in trend momentum as the slope shows a sudden reversal with the new year. Therefore, the rising slope of ADX reflects a high momentum uptrend that may shortly break above $46. The post-breakout rally in LPT coin price can face resistance near the horizontal levels at $51 and $58. Furthermore, the support levels at $38 and $31 are present below the current LPT coin prices. Upcoming Trend The LPT coin price will showcase a restart in the uptrend once the price breaks above the horizontal level at $46. Moreover, the increasing trend momentum and the bullish signal for the Stochastic RSI indicate a bull run above $58. However, traders need to keep an eye on the price as it approaches $51, and mitigate their risk accordingly.

The post LPT Technical Analysis: High Momentum Uptrend Aims At $58 appeared first on Cryptoknowmics-Crypto News and Media Platform.

LPT Technical Analysis

The LPT coin price is initiating a high momentum uptrend that aims to reach $58. Will the buyers manage to keep the bullish pressure on? The platform was launched in 2017 and was the very first completely decentralized live video streaming protocol. Its goal is to be an effective blockchain-based economical alternative to traditional broadcasting systems for both existing and new broadcasting companies. Let us move ahead to read about the LPT technical analysis. Past Performance of LPT The LPT coin price grows by 8.33% in the last 24 hours, marking a 15% growth in the past seven days. Moreover, the price breaks above the long-coming resistance trendline that has been influential in the daily chart. Therefore, the breakout of the following level at $46 will mark the start of a new uptrend. LPT/USD Daily Chart LPT Technical Analysis The LPT coin price action forms a triple white soldier pattern in the daily chart that breaks above the influential resistance trendline. Moreover, the lower price rejection in the bullish candles showcases a boom in underlying sentiments. The crucial 50, 100, and 200 days EMAs maintain a bullish alignment in the daily chart. The 50 days EMA provides constant support to the coin price and helps maintain the uptrend in action. The Stochastic RSI indicator showcases a bullish crossover slightly below the overbought zone. Moreover, the K and D lines approach the overbought zone in a positive alignment that reflects a rise in underlying bullishness. The ADX indicator reflects a boom in trend momentum as the slope shows a sudden reversal with the new year. Therefore, the rising slope of ADX reflects a high momentum uptrend that may shortly break above $46. The post-breakout rally in LPT coin price can face resistance near the horizontal levels at $51 and $58. Furthermore, the support levels at $38 and $31 are present below the current LPT coin prices. Upcoming Trend The LPT coin price will showcase a restart in the uptrend once the price breaks above the horizontal level at $46. Moreover, the increasing trend momentum and the bullish signal for the Stochastic RSI indicate a bull run above $58. However, traders need to keep an eye on the price as it approaches $51, and mitigate their risk accordingly.

The post LPT Technical Analysis: High Momentum Uptrend Aims At $58 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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