LPT/USDT esting Resistance at $15.50
$LPT
LPT/USDT is currently trading at $14.65, up by 0.19%. The price is showing a bullish movement, having crossed above the 200-period moving average, which stands at $12.61. This signals a positive shift in sentiment and potential continued upward momentum. The VWAP at $14.49 is close to the current price, indicating a balance between buyers and sellers, but the market is leaning towards bullishness.
The RSI is at 72.41, which shows that the asset has entered overbought territory. This suggests that while the uptrend may continue, there is a possibility of a short-term pullback or consolidation before further gains.
The MACD is showing a bullish crossover, with the MACD line at 0.351 above the signal line at 0.265. This confirms the upward momentum, and the histogram is also showing positive bars, further supporting the uptrend continuation.
Key resistance levels to watch are around $15.50. If the price breaks above this level, it could extend the rally toward the $16.50 or even $17.00 levels.
On the downside, immediate support lies at $13.50. A break below this level could lead to a correction toward $12.00 or even $11.50.
Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your own research before making trading decisions.
