🚨 LPT/USDT – Critical Market Update 🚨

LPT is showing signs of weakness as it battles to hold above the key support level at $10.578. Here’s the breakdown for traders looking to navigate this market:

💥 Key Levels in Focus:

• Resistance: $14.688 – a strong resistance zone where sellers are stepping in.

• Support: Currently holding at $10.578, with a lower support at $6.360 if the downtrend continues.

📉 Technical Indicators Breakdown:

• MACD: Bearish crossover with both lines trending downward, indicating continued bearish momentum.

• RSI: Hovering in the lower half, suggesting the coin is not oversold but also not showing signs of strength.

• Accum/Dist: Flatlining, indicating that there’s little accumulation happening, further suggesting a lack of buying interest.

• Balance of Power: Bearish sentiment is dominant with sellers clearly in control.

🔍 What to Watch:

• Downside Risk: If LPT breaks below $10.578, we could see a quick move down towards $6.360.

• Reversal Potential: A significant break above $14.688 is needed to shift momentum, but with current indicators, a reversal appears unlikely without new bullish catalysts.

⚠️ Trading Strategy: Caution is advised for those holding long positions. Consider tightening stop-losses or reducing exposure if the price continues to weaken. For those looking to short, keep an eye on a break below $10.578 for potential entries.

Let’s stay vigilant—markets can shift quickly, and it’s crucial to adapt your strategies as new data comes in. What’s your take on LPT? Let’s discuss below! 💬👇

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