$LPT /USDT Technical Analysis – Is $16 the Breakout Zone? 📈
LPT is currently trading at $15.732, testing the critical resistance level at $16.00. While the price shows bullish momentum, the question remains—can the bulls break through, or will sellers hold their ground?
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Key Levels to Watch
🔹 Resistance Levels:
$16.50: A crucial breakout level. A close above this could drive the price toward $18.00.
$18.80: Major resistance from previous highs, marking the next potential target.
🔹 Support Levels:
$15.20: Immediate support; maintaining this level keeps the bullish outlook intact.
$14.50: Strong support zone for potential rebounds if the price retraces.
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Trading Strategy
Bullish Play:
Entry: Look for a breakout and hold above $16.50.
Targets: Aim for $18.00-$18.80.
Stop-Loss: Place below $15.20 to manage risk.
Bearish Play:
Entry: Short if the price gets rejected at $16.00-$16.50.
Targets: Look for a move down to $15.20-$14.50.
Stop-Loss: Set above $16.50.
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Market Outlook
LPT appears to be building energy near $16.00. Whether it breaks out or reverses, the next move could offer significant opportunities. Keep a close eye on price action and volume for confirmation.