LPT/USDT Breakout the Pattern. Bullish Momentum for LPT ??

💎 LPT's recent market performance has been impressive, with a notable breakout from a descending channel pattern.

💎 Currently, it's undergoing a retesting phase at the demand area. If this retesting proves valid, LPT may rebound from this zone and embark on an upward journey toward a significant resistance target.

💎 However, if LPT merely hovers sideways around the demand area without showing strong momentum, it could signal a concerning development. A failure to uphold the demand level may indicate a false breakout, potentially steering LPT towards a downward trend, targeting the strong support zone around $6.06.

💎 Historically, the $6.06 support level has demonstrated resilience, consistently facilitating a rebound in LPT's price.

💎 It has acted as a crucial pivot point on multiple occasions, but a breach below this threshold could mark a shift to a bearish trend, potentially leading to even lower price levels. Therefore, the response of LPT in this critical support area will be pivotal in determining its future market trajectory.