🚀 $LPT : Breaking the Chains or Just a Retest?
Livepeer is showing some serious heat on the charts! After a period of consolidation, we are seeing LPT test key resistance levels. Here is the breakdown:
📊 Technical Outlook:
The Trend: LPT has been carving out a classic Bullish Falling Wedge on the daily timeframe. We are currently hugging the upper boundary, looking for that high-volume breakout.
Support & Resistance: Strong support is holding firm around the $2.75 – $2.85 zone. If we flip the immediate resistance at $3.10, the next psychological targets are $3.50 and $4.20.
Indicators: The RSI is trending neutral-to-bullish, suggesting there’s still plenty of "gas in the tank" before hitting overbought territory.
💡 Why Livepeer?
Beyond the candles, the fundamentals are stacking up. With the Simplified Payments SDK launching on February 1st, developer friction is dropping, and network utility is on the rise. As the AI and DePIN (Decentralized Physical Infrastructure Networks) narrative picks up steam, LPT is positioned as a leader in decentralized video processing.
⚠️ Trader’s Note:
Watch the volume! A breakout without volume is often a trap. Keep an eye on the LPT/USDT pair for a confirmed candle close above the wedge.
What’s your move? Are you accumulating here or waiting for the $3.50 flip? 👇
#LPT #Livepeer #CryptoAnalysis #BinanceSquare #Altcoins $LPT
