Livepeer is Seen Up
Livepeer is testing the resistance of the descending wedge as prices are seen finishing a correction. This correction moved prices to 6.20 from 9.11 four days ago. LPTUSD prices are likely to break through the resistance of this wedge at 6.52-6.79 and move towards 9.11, which is the high of August 13. The stop-loss could be set slightly below 5.78, which is the low of August 12. However, it would be wise to wait for the retest of the resistance after a breakthrough to get a more safe entry signal.
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