The LPTUSDT weekly chart shows that Livepeer has entered a complex wave C correction. Price action indicates that the market is undergoing a deeper retracement, which is typical after extended bullish phases.
Traders and investors should be cautious, as early entries may carry higher risk until a clear support zone confirms a reversal.
Key Technical Levels to Watch 📌
We have identified two critical levels that could guide the continuation of this downward move:
First support zone – where initial buying interest may appear, potentially slowing the decline.
Second lower level – a more decisive area that may determine whether wave C completes before any rebound occurs.
Monitoring price behavior and candle patterns around these levels is essential for spotting trading opportunities while minimizing risk.
Trading Notes & Strategy 🧩
Focus on highlighted technical zones for entries or accumulation
Watch for reversal candlestick patterns to confirm support
Plan trades around weekly chart signals, while considering lower timeframe setups for timing
