Livepeer (LPTUSD) broke today above the 1D MA50 (blue trend-line), following a two week consolidation below it. The 1D MA200 (orange trend-line), has been the Resistance since February 12. The long-term pattern is a Channel Up and as you see the mini-phases of Higher Highs and Higher Lows are identical both within the current Channel Up and that of 2020.
Livepeer is pretty awesome - it's a decentralized video streaming backbone that can be used to make a decentralized Youtube, which would be great, so somebody please get on that. As far as LPT, it's up time very soon.
Back in 2020, YouTube's #1 Creator, PewDiePie (Felix Kjellberg), announced that he would start streaming on DLive -- one of the first "working" crypto-based livestreaming service at the time. "Working" is in quotes since the partnership didn't last very long (YouTube eventually signed an exclusive rights deal with Kjellberg) and whether or not the platform is...
On daily chart, LPT is in the correction wave ABC. Prepare for the final wave which target is $700.
Buying zone at 27 - 22
Seem LPT has been correcting a zigzag wave. The target is around 22 and hit the ascending channel and bounce back.
$$$$ Earn profit more 3.000%
Wait and see
After wave 3, LPT retracted with wave 4 down to 0.618 fib, maybe now is a good opportunity to catch the next wave, which could reach the previous ATH and maybe overtake it.
Let's keep an eye out for the next few days! :)
Preliminary Entry: 20.16 on 8/14
Collected Gains Since Entry: 8.79%
Prognosis: It's been a slow ride, but LPT is getting there. Advancement to Fib zone from TR-M bounce with demand on 8/19 took it to the sweet spot between 1.0 and 1.272 where it's currently consolidating. Expect more climbing.
Like big wins and the big money that follows? Got strong...
We can see that LPT maintains a strong accumulation since the end of May as well as a large part of the altscoins.
Livepeer is crossing the MA 20 and MA 50 which is a bullish sign.
If we add to this that Livepeer is about to break a strong resistance of the triangle. It is easy to see Livepeer in a target of $ 39 representing 78% fibo.
I love the chart setup here. Appears that we're in the wave 2 of the larger wave 3 setup. This is a great area to get into for larger gains. As long as we hold the $17 area I expect a reversal and subwave 3 of the larger wave three to take us to the 1.618 fib of about $28 (but could go higher - 2.618 or 3.618) ultimately, if we stop out at the...
In a matter of a month, I was able to use LPT to gain $5000 through the small dips and during times of resistance. Going big is not always the best scenario, especially if you are starting out small. Time and analyzation is key to knowing when to buy. I spent six months studying the market, and I am still learning as I go. Study and analyze before you just jump in.
LPT is undergoing absorption and should put another leg up. I entered with a preliminary at 19.44 and will ride it up to the 1.272 - 1.618 Fibonacci levels if/when it runs.
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