$LPT Price Analysis: Rebounds with Strong Momentum
$LPT is currently trading at $13.082, reflecting a modest 0.09% gain in the last 24 hours. After hitting a low of $10.874, the price has bounced back sharply, demonstrating a strong recovery and testing key resistance levels.
Key Levels to Watch:
Support: $12.50 – Holding this level is crucial for maintaining upward momentum.
Resistance: $13.30 – A breakout above this could signal further bullish movement.
Trade Setup:
Entry Point: Around $13.00 to capture potential upside.
Targets:
1. $13.50
2. $14.00
Risk Management:
Stop-loss: Set at $12.00 to manage risks effectively.
Market Insight:
$LPT’s recovery from its recent low is accompanied by strong buying pressure, indicating a potential continuation of the rally. A confirmed breakout above $13.30 could pave the way for higher levels in the near term. Monitor closely for breakout confirmation.
