Livepeer Long-Term Growth Channel

20 oct

We have another one... Another good chart, another good pair, another opportunity; Endless opportunities this market has to offer.

— What one does, the rest follows.

We are looking at Livepeer vs Bitcoin (LPTBTC). Obviously, we have a long-term rising channel. The main low for this channel was hit more than a year ago, June 2023. After this date, we always experienced higher lows, a strong bullish signal.

The lower channel trend-line has been activated and this can be good news. Seeing how this pair reacted each and every time in the past, when the trendline is activated it was followed by a bullish move.

And we see a strong candle now, full green, pushing prices up. Seeing this whole dynamic, there is room for additional growth.

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