Current Price: $12.099 ---
š Key Support Levels
* Immediate Support: $11.80 4-hour 50-EMA & recent swing low
* Strong Support: $11.50 Psychological level & previous consolidation zone
* Critical Support: $11.20 Must hold to prevent breakdown (61.8% Fib retracement)
š Key Resistance Levels
* Immediate Resistance: $12.30 Local high & minor liquidation zone
* Next Resistance: $12.60 Previous swing high (24-hour)
* Upside Target: $13.00 Major psychological resistance
š Technical Indicators
RSI (1-hour): 56 (neutralbullish)
MACD: Showing weak bullish momentum
Volume: Below average needs confirmation
Liquidity: Thin order book around current price
š Critical Fundamentals
* Network Activity:
Livepeer network usage & video transcoding demand
* Staking Updates:
Changes in staking APR or delegator activity
* Market Sentiment:
ETH/BTC ratio (LPT often follows ETH)
* Whale Movements:
Large transactions (>50K LPT)
šÆ Scenario Analysis
Bullish Breakout:
Holds $11.80 ā Break above $12.30 targets 12.6013.00
Requires 25%+ volume increase
Bearish Rejection:
Fails at $12.30 ā Drop to test $11.50
Break below $11.50 opens path to $11.20
RangeBound:
Likely between 11.8012.30 without catalyst
ā” Trading Strategy
Active Traders:
Long above $12.35 (stop $12.00)
Short below $11.75 (stop $12.00)
Conservative Approach:
Wait for confirmed breakout with 2x average volume
Watch for 15-min RSI divergence
ā ļø Risk Management
Recommended position size: ā¤1% of portfolio
Set tight stops (57%) due to potential volatility
Be cautious during lowliquidity periods
Key Times to Watch:
Next 2 hours: Test of $12.00 liquidity
Hours 46: Potential momentum shift
Hour 8: Daily close implications
(Refresh every 90 minutes LPT has shown 812% swings during similar conditions.)
