LPT and OSMO Shows Strength As Key Resistance Approaches: Are Bigger Gains On Horizon?

Date: Fri, Dec 06, 2024, 06:31 PM GMT The cryptocurrency market continues its bullish trajectory as Bitcoin (BTC) reclaims the monumental $100,000 level, currently trading above this key milestone. Alongside BTC's dominance receding to 55..74% from a recent high of 61.53%, the altcoin market has started to shine. Two altcoins, Livepeer (LPT) and Osmosis (OSMO), are exhibiting significant bullish strength, both posting double-digit rallies today. LPT jumped an impressive 17%, while OSMO surged 13%, signaling the potential for even bigger moves in the near future.

Source: Coinmarketcap Livepeer (LPT) Livepeer (LPT) is currently trading at $22.53, sitting just below its key resistance trendline. A decisive breakout above the horizontal resistance at $24.65 (marked in blue on the chart) could signal the start of a powerful rally.

Should $LPT achieve confirmation above this level, it could target the next major resistance zones at $29, $32, and $36. This represents a potential upside of approximately 60% from its current price. The recent surge in volume and momentum supports this bullish outlook. Osmosis (OSMO) Osmosis (OSMO) saw a 13% rally today, pushing it past its previous resistance level of $0.68. Currently trading at $0.83, the token is now within striking distance of the next key resistance at $0.92.

If $OSMO breaks this level and confirms support above it, further resistance levels at $1.43 and $1.82 come into play, which could lead to gains of 73% and beyond. The breakout from prior consolidations and increasing RSI suggest strong bullish momentum, adding confidence to this scenario. Are Big Rallies on the Horizon? Both Livepeer (LPT) and Osmosis (OSMO) are demonstrating strong bullish trends, with critical resistance levels now in sight. With Bitcoin's dominance declining, altcoins are gaining market attention, and these two tokens are well-positioned for further growth. The clearing of their respective resistance zones could unlock significant upside potential for both LPT and OSMO. However, investors should closely monitor key levels and confirm breakouts before making decisions. Get more updates at: coinsprobe.com Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research and consult with a financial advisor before making investment decisions. #Altcoins #NFA