We can see that LPT maintains a strong accumulation since the end of May as well as a large part of the altscoins.
Livepeer is crossing the MA 20 and MA 50 which is a bullish sign.
If we add to this that Livepeer is about to break a strong resistance of the triangle. It is easy to see Livepeer in a target of $ 39 representing 78% fibo.
Hi traders,
I love the chart setup here. Appears that we're in the wave 2 of the larger wave 3 setup. This is a great area to get into for larger gains. As long as we hold the $17 area I expect a reversal and subwave 3 of the larger wave three to take us to the 1.618 fib of about $28 (but could go higher - 2.618 or 3.618) ultimately, if we stop out at the...
LPT is undergoing absorption and should put another leg up. I entered with a preliminary at 19.44 and will ride it up to the 1.272 - 1.618 Fibonacci levels if/when it runs.
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1,2 (2 is the assumed movement for the second rejection)
This would also be a double top
An inverse Head and Shoulders is also present and outlined on chart
In a matter of a month, I was able to use LPT to gain $5000 through the small dips and during times of resistance. Going big is not always the best scenario, especially if you are starting out small. Time and analyzation is key to knowing when to buy. I spent six months studying the market, and I am still learning as I go. Study and analyze before you just jump in.
After investment Fund Grayscale invest in Livepeer the prices explode, the project is very good, it is a Transcoder for Streaming and Video Industry sharing GPU power computer in Internet.
