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LPTUSD trade ideas

Livepeer | Elliott Wave Analysis and Key LevelsOn the 8H TF chart for LPT, we observe clear local support and resistance zones with recent pullbacks exhibiting distinct price reactions. The price is oscillating between strong resistance and support levels, forming an Elliott Wave pattern, which suggests a continuation of the uptrend in the short term. Local Support Zone: Range: $20.40 - $18.90 This level acts as a primary buying zone where the price finds support and resumes upward movement. Significant buying interest in this range helps stabilize the price and prevent further declines. Current Market Structure: LPT is currently in the correction phase of the Elliott Wave pattern. The key support and resistance levels are critical in determining the next price direction. For further upward movement, the price needs to break through the strong resistance at $26.78 - $30.00, which will require increased buying volume. Otherwise, a pullback to the support zone at $20.40 - $18.90 could signal temporary price consolidation before a potential rise. In classical Elliott Wave theory, after the completion of the fifth wave, a corrective A-B-C structure typically follows. This correction phase moves in the opposite direction of the primary trend represented by the five impulse waves. Possible Scenarios: ⚪ Scenario 1 (Correction with Low Volume): Wave C might pull the price back to the strong support level within the $20.40 - $18.90 range. This suggests the market does not exhibit aggressive selling, and buying interest remains at these levels. 🔴 Scenario 2 (Deep Correction): If Wave C occurs with increased selling volume, the price might drop below the current support zone, potentially testing lower levels, such as $16.00 - $14.00. Key Considerations: Monitor trading volumes and price reactions at support and resistance levels to confirm the completion of the fifth wave and the start of the A-B-C correction. Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
COINBASE:LPTUSD
by TeddyVizion
Long LPT/USDTThe Daily timeframe is forming a Re Entry Buy signal, although the process of forming this re-entry took a considerable amount of time due to the market being choppy. On the H4 timeframe, candles failed to establish continuous selling momentum but instead formed sideways movement, which could indicate buy accumulation. On the H1 timeframe, there were several attempts to establish buying momentum, but they were consistently rejected due to sideways movement. On the Daily timeframe, the MA 5/10 high has crossed downwards, signaling a potential downtrend towards the weekly re-entry point. This indicates a decrease in the upward momentum of price movement. The analysis of outflows over the past 5 days shows indications of reduction. However, on the day of entry, there was still outflow.
BINANCE:LPTUSDLong
by aerhakim
1
✴️ Livepeer Situation Similar to EOS (Low Risk, High Potential)Livepeer (LPT) hit a low mid-May, the strong shakeout that happened 5-6 June lead to a higher low followed by a new intra-day high. We also have a volume breakout in the last two days but volume is not available on this chart. All in all; When a strong negative event fails to crash the market, we take it as a bullish signal rather than a bearish one. That fact that this pair remains within a higher low compared to mid-May and early January 2023, is all we need. This is a great setup for traders... A very high rewards potential, very low is the risk. With multiple trades like this, diversification and patience... We are sure to win. Namaste.
CRYPTO:LPTUSDLong
by AlanSantana
2
#LPTUSD - If we Break First Support, There's a Good Short!theCrypster - Coming off the back of a massive Long trade (+73% - our Trade of the Day!) we've now got a Short signal from CTv2, right on an upper limit trend line. If we successfully reject the break of this trend line and reversal starts, there is one layer of resistance within the downward movement; if we can break down through that we can see profits of around 25%. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KRAKEN:LPTUSDShort
by theCrypster
24
LPT: Retest & Clearing Liquidity Voids Look for a potential retest of 10.4 and further expansion as the PA moves to clear the upper liquidity voids. This is taking into account of course that BTC continues to behave. Bail ASAP if we cut back down below TRM (.9.64). *Be sure to subscribe for more dynamic VSA swing charts based off Wyckoff TA. Accuracy hitting the profit/sell target ranges between 80-85%. Check my past charts, then follow me and see for yourself! I'm all about making money; it's the only reason I'm here. Let's go! **Not financial advice. Please DYOR and trade at your own risk.
COINBASE:LPTUSDLong
by jalapablo
LPTUSD Trading within the Buy Zone. Buy signal to $80.00.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. With the MACD patterns also similar among the Channels, a break above the 1D MA200 should be the buy confirmation signal we need for a rise towards the $80.00 Resistance. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
LLong
by TradingShot
2
LPT vs THETA - The Future of Video, Storage, and LivestreamingBack 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 actually decentralized and censorship resistant is somewhat debatable. DLive later moved its platform onto TRON (under Justin Sun) -- then was later acquired by BitTorrent and now uses BTT as its currency layer. There's a whole story behind that whole series of transactions too (including the rise and fall of DTube), but we'll stay focused on the crypto livestream/video market for now. Right now the two big contenders in the crypto livestream/video markets are Livepeer (LPT) and Theta (THETA). Both projects claim to be the future of video -- which is decentralized, ubiquitous, and always available at any time. Livepeer is an open-source platform where anyone can build anything on top -- whereas Theta (founded by former YouTube co-founder, Steven Chen) is more of an enterprise-driven project with the backing of well-known, major companies out there. The differences in style and how they talk about themselves as a project is pretty stark, to say the least. Right now the biggest bottleneck in the NFT market is storage and bandwidth capacity -- it's no secret that we live in a world where most people come to expect video as their primary source of content, but due to technical limitations (video, especially livestreaming, requires an exponentially higher amount of bandwidth/space) a lot of NFT projects out there avoided the issue by simply scaling down to simple images of apes, punks, and rocks. Most people working in content know, however, that video is where things need to eventually go, but in order for that to happen, there needs to be major upgrades done on the backend in order to accommodate the massive amounts of bandwidth that video systems require. Web3 is only just getting started, in other words. Filecoin (FILE) and Theta have a similar pattern since they both tend to target enterprise-level customers as their main focus, where as STORJ has a similar pattern to LPT and ETH since they're more open-sourced and decentralized. The patterns and where the money is coming from seem to be very clear, here. Which will win out in the end? We don't know, yet. It's doubtful that the viewer really cares about where their content is coming from or how it's hosted -- the platform that entertains them the most is probably where they will go. In a way, this is just the eternal contest between small vs big production values -- maybe there may be room for both in the future. Which platform will create the most interesting content?
COINBASE:LPTUSDLong
by RyanTanaka
LPT Steady AdvanceLPT/USD 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 hands and patience? I'm a full-time Wyckoff VSA crypto swing trader (since 2017) and I regularly seek out the most lucrative swings available on all the major exchanges. All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread analysis ( VSA ) and 'take-the-money-and-run' Fibonacci target zones. My win rates are between 80-85%. Follow me on TradingView and see for yourself. I review over 300 coins & tokens daily and handpick all the runners myself (no bot signals). ** Not financial advice. Please trade at your own risk.
COINBASE:LPTUSDLong
by jalapablo
$LPT headed to $42 in the near termHi traders, 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 1.618 fib near the $28 level, I expect a retrace and eventual wave 5 to hit at least $42! These are just my thoughts and you should never make trading decisions based on anything I say, please do your own research. Cheers!
COINBASE:LPTUSDLong
by lolimssulose
1