$LPT Technical analysis Livepeer): Strong breakout phase & correction 🚀

Entry zone: $2.05 – $2.15

Bullish above: $2.60
Target 1 (TP1): $2.40
Target 2 (TP2): $2.75
Target 3 (TP3): $3.10+

Stop loss (SL): $1.90

​$LPT Currently moving within a high volatility zone on the 4H chart, trading at $2.230 with a notable daily increase of +10.51%. Price action shows a large long wick reaching a 24-hour high of $2.890 before facing immediate selling pressure, leading to a significant correction to the current level. The asset is now seeking a bottom near the support zone of $2.20 to confirm the strength of this breakout.

​The 24-hour trading volume is strong at 6.56 million LPT, equivalent to approximately $15.84 million USDT. This surge in activity confirms strong speculative interest in the infrastructure protocols. To sustain the recovery, $LPT needs to stabilize and regain the $2.40 level; failure to hold above the psychological level of $2.00 could lead to a complete retracement of the recent move.