LPT Analysis- ๐
LPT price after successfully breaking above the resistance area It grew more than 50% and formed an ascending channel in the 4-hour time frame
if LPT fails to bounce during the retesting phase and the support of Channel proves to be weak, it could signal a bearish turn of events. In such a scenario, the ascending Channel pattern would fail, and LPT might resume its downward movement, heading towards the demand area around $15- $16.75 .
Considering the historical price behavior, LPT has previously demonstrated strong bounces when reaching the demand area.
