Crypto Contest January 1: Livepeer

Livepeer (Binance: LPTUSDT) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, LPT began a red wave one advance on July 21. The red wave one peaked on August 20 and the red wave two correction ended on September 21. The red wave three (blue sub-wave i-ii-iii-iv-v) advance finished on November 9 and the red wave four (blue sub-waves a-b-c) correction ended on December 14. If this wave count is correct, LPT should be heading next towards the November 9 peak in the red wave five.

(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Livepeer is a decentralized live streaming platform built on the blockchain. Crypto Elite reviewed the project last month.

(Sources: https://livepeer.org/)

How Will Livepeer Trade?

Livepeer (Binance: LPTUSDT) daily chart by Tradingview.

(Chart courtesy of Tradingview.com(log scale))

Prizes

I will be giving upvotes to the correct answers (posts only).

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

LPT will takeout the November 9 peak

LPT will drop below the September 21 low

LPT will stay in a trading range between the September 21 low and the November 9 peak until February 8