LPTUSDT → Breakout of multi-month trend resistance.

2023年12月16日

LPTUSDT is moving into the phase of realizing the accumulated potential. Against the background of stalled BTC, LPT / TetherUS looks confident enough to continue its growth after breaking through resistance.



The cryptocurrency market is quite active lately. Overall capitalization, flagship, altcoins are warming up after a prolonged winter. Prices are updating multi-month highs and that is encouraging.
LTP is still under bear market pressure and only today the pair is starting to show prerequisites for a possible trend change and realization at 12.00.
The price is forming a pre-breakdown consolidation against the trend resistance. After retest and false breakdown the price does not fall, a strong support area is formed and on the background of another retest the resistance is broken. The tandem set-up plays the role of a reversal set-up and clearly indicates the formation of bullish potential. Moving averages are starting to show a possible market reversal.

Support levels: 6.9, 5.96, 5.35
Resistance levels: 7,56, 9.31, 12.00

Market consolidation above the previously broken trend resistance and the 7.0 area will form a bullish potential that may activate a market rally towards these targets

BTCUSD TOTAL TOTAL2

Regards R. Linda!

2023年12月19日

注释

2023年12月20日

交易结束：到达目标

price reaches the first target
it is acceptable to close part of the volume, move the stop loss and wait for the second target to be reached