$LPT Technical Analysis of LPT against USDT (Time Frame: Daily)

The LPT/USDT pair has seen a significant price explosion of +97.32%, reaching $11.03, after a clear breakout of previous resistance levels, supported by an unprecedented increase in trading volume.

Technical Indicators:

Moving Averages:

EMA 7 = 6.904 (the price is well above it)

EMA 25 = 5.881

EMA 99 = 6.253

indicating a strong upward trend.

Relative Strength Index RSI (6) = 93.68

A clear entry into the overbought area (>70), which may indicate a potential correction soon.

Stochastic Indicator (K = 53.60, D = 42.97, J = 74.87)

has begun to enter overbought areas, supporting the short-term correction scenario.

Recommendations:

Potential Buy Points:

If a correction occurs, good support areas for buying range from $7.20 – $8.50 (close to EMA 99).

Partial buying if the price returns to EMA 25 = $5.88 is a conservative option.

Suggested Sell Points:

Partial selling at $11.50 – $12.00, especially if the price fails to break resistance.

If momentum continues, full selling could be between $13.00 – $14.00.

Final Notes:

Current momentum is strong, but the rise in RSI and J-Stoch hints at a potential correction soon.

It is preferable to enter short-term trades while monitoring price movement and volume levels.

Warning: Trading in cryptocurrencies is highly risky. Manage your capital carefully

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