$LPT /USDT TECHNICAL ANALYSIS: PRICE BREAKDOWN CONTINUES, BEARS IN CONTROL
The $LPT /USDT pair has entered a strong corrective phase, currently trading at $6.995, reflecting a sharp 14.16% drop in the last 24 hours. This bearish momentum has pushed the price below a key psychological level of $7.00, indicating sustained selling pressure.
Key Technical Levels:
24h High: $8.160
24h Low: $6.716
Immediate Resistance: $7.10–$7.20 zone
Immediate Support: $6.70 and $6.50
Trend Direction: Bearish
Volume Analysis:
Volume (LPT): 2.09M
Volume (USDT): 15.17M
The rising volume with falling price signals strong distribution. Bears are dominating the current trend.
Timeframe Insights:
15m–1h: Continues to show lower highs and lower lows — short-term traders are advised to wait for a reversal signal before entering.
4h–1D: Breakdown from recent support near $7.20 confirms bearish continuation.
Performance Metrics:
Today: -7.69%
7 Days: -15.22%
30 Days: +11.48%
90 Days: +29.56%
180 Days: -55.94%
1 Year: -72.29%
Market Outlook:
With a sharp weekly and daily decline, $LPT/USDT is currently in a short-term downtrend. The long-term structure remains bearish, especially after failing to hold above the $8.00 mark earlier. The next crucial support lies near $6.50, a break below which could trigger further downside towards $6.20.
However, if buyers step in above $7.20, a short-term recovery towards $7.80–$8.00 could be seen.
Traders should stay cautious, as momentum is heavily tilted toward the bears. Wait for confirmation before considering any long positions.
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