
LPTUSD - 1 Day Time Frame
LPT swept liquidity below a critical low formed in October of last year, during a period of major market stress. Following this move, price did not continue declining aggressively but instead transitioned into sideways rotation and is currently holding near $2.30, indicating a temporary balance between buyers and sellers.
The nearest and primary support area is the first zone below current price, which has already been tested and produced a notable upward reaction. If price revisits this region, a stronger response from buyers could emerge, as it represents an important demand cluster. This zone lies between $1.80 and $2.09 and includes the psychological level of $2.00, which may reinforce buying interest and generate a more dynamic reaction.
If this support fails to hold, it could indicate weakening structure and open the path toward the second, deeper support zone located between $1.33 and $1.59. Within this region, market behavior would again become critical. A meaningful increase in buying interest combined with structural improvement would be required to suggest the formation of a durable bottom.
If LPT gains sufficient strength in the coming sessions and begins moving higher, the first key objective would be the strong resistance zone positioned above current price, between $3.73 and $4.01. At the end of January, price reached this region only briefly before encountering heavy selling pressure, which triggered a sharp decline, making this a zone where renewed seller activity could appear.
If price manages to break above this resistance in the future, sustained continuation would likely require a clear daily close above the $3.73–$4.01 region followed by stability above it. A successful hold could create room for expansion toward the next major resistance between $6.22 and $6.50. Historically, this zone has repeatedly attracted strong selling pressure, which positions it as a significant barrier for any broader upward continuation.
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