LPT/USDT Break alert!! Possible is continue upward after retest!

💎 Paradisers, #LPT is indeed a coin worth monitoring closely.

💎 After successfully breaking above the resistance area of the ascending triangle and transitioning into the support region, LPT's current price action suggests bullish momentum.

💎 The price is likely to undergo a retesting phase, potentially revisiting the support zone around $16.7 - $15.9 before resuming its upward movement towards our target strong resistance area.

💎 However, if LPT fails to bounce during the retesting phase and the support proves to be weak, it could signal a bearish turn of events. In such a scenario, the ascending triangle pattern would fail, and LPT might resume its downward movement, heading towards the demand area around $14.15.

💎 Considering the historical price behavior, LPT has previously demonstrated strong bounces when reaching the demand area.

💎 But if LPT fails to bounce at the demand zone and breaks below it, along with breaching the support trendline, it would validate a bearish scenario. This would entail the bullish invalidation, indicating a continuation of the downward movement with the price potentially dipping even further.

MyCryptoParadise
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Bingo! #LPTUSDT is dancing to our tune, up 42.60% just like we predicted.