LPT/USDT If the retesting is valid, possible to continue UP!!

29 ธ.ค. 2023

💎 LPT has recently garnered a significant amount of attention in the market, particularly as it undergoes a critical retesting phase at a support area. If this retesting phase proves to be valid, there's a strong possibility that LPT could resume its upward trajectory, potentially reaching new highs at a formidable resistance area.

💎 However, if LPT is unable to bounce back during this retesting phase and instead enters a period of consolidation over the next few days, there is a risk that the asset could break below the support level. This risk is heightened by the current weak volume, which could see LPT descending towards the demand area.

💎 The demand zone then becomes a crucial juncture for LPT. For LPT to maintain its bullish trend, a robust rebound from this level is necessary, aiming to overcome and sustain above the previous resistance level. This action is vital for continuing the upward movement towards the strong resistance. Conversely, if LPT fails to hold this demand level and breaks down, it could lead to a further decline in price.