LPTUSDT is moving into the phase of realizing the accumulated potential. Against the background of stalled BTC, LPT / TetherUS looks confident enough to continue its growth after breaking through resistance.
The cryptocurrency market is quite active lately. Overall capitalization, flagship, altcoins are warming up after a prolonged winter. Prices are updating multi-month highs and that is encouraging. LTP is still under bear market pressure and only today the pair is starting to show prerequisites for a possible trend change and realization at 12.00. The price is forming a pre-breakdown consolidation against the trend resistance. After retest and false breakdown the price does not fall, a strong support area is formed and on the background of another retest the resistance is broken. The tandem set-up plays the role of a reversal set-up and clearly indicates the formation of bullish potential. Moving averages are starting to show a possible market reversal.
Support levels: 6.9, 5.96, 5.35 Resistance levels: 7,56, 9.31, 12.00
Market consolidation above the previously broken trend resistance and the 7.0 area will form a bullish potential that may activate a market rally towards these targets