based on the image:

Potential Trading Opportunity on LPT/USDT Perpetual Contract?

Looking at the 5-minute chart for LPT/TetherUS Perpetual Contract, we see some interesting price action.

The asset has been trading within an upward channel, with the price recently experiencing a pullback after touching resistance around the $13.20 - $13.30 mark. It appears to be finding some support around the $12.22 to $11.75 area, which aligns with previous price consolidation and potentially the lower trendline of the channel.

Currently, LPT is trading at $12.626, up significantly by over 130% today. Volume has been robust, supporting the recent price movements.

Key Levels to Watch:

* Resistance: The upper trendline of the channel and previous highs around $13.20 - $13.50.

* Support: The $12.22 and $11.75 levels, and the lower trendline of the channel.

Traders might be watching to see if LPT can regain momentum and break through the current resistance, or if it will consolidate further within this range. As always, manage your risk and do your own research before making any trading decisions.

#LPT #TetherUS #CryptoTrading #TechnicalAnalysis #PerpetualContracts #TradingView