With the development of Cooperative-Intelligent Transport System (C-ITS) technologies, new strategies based on embedded technologies have emerged to manage road networks. This paper focuses on adapting to this connectivity context a Variable Speed Limit (VSL) system to detect shockwaves and anticipate their propagation based on the kinematic wave theory to dampen them. We provide an alternative framework to adapt the VSL strategy, well-suited for Eulerian approaches, into a Lagrangian context. While the Eulerian approach is based on Loop Detector (LD) and macroscopic traffic indicators (e.g. flow, density), our Lagrangian approach relies on Road Side Units (RSUs) that record the GPS traces shared by Connected Vehicles (CVs). Based on the combination of CV trajectories, Fundamental and Space-Time Diagrams theory, shockwave estimation and prediction processes directly operate on congestion waves, which release the estimation issue for traffic density. The simulation-based analysis reveals that the performance of the Lagrangian approach is comparable to the Eulerian configurations.