Livepeer Price Prediction for Today, January 14 – LPT Technical Analysis

The Livepeer price prediction shows that LPT could set a bullish run if the market spikes once again above the channel.

Livepeer Prediction Statistics Data:

• Livepeer price now – $8.0
• Livepeer market cap – $236.6 million
• Livepeer circulating supply – 30.4 million
• Livepeer total supply – 30.4 million
• Livepeer Coinmarketcap ranking – #180

LPT/USD Market

Key Levels:

Resistance levels: $11.0, $12.0, $13.0

Support levels: $5.9, $4.9, $3.9

LPT/USD is trading within a positive movement at the time of writing above the 9-day and 21-day moving averages. The market is running a little retracement move toward $8.5 resistance with price growth of 5.24%. However, Livepeer (LPT) is likely to follow a bullish movement and traders can expect the price to continue to rise as soon as the bulls put more pressure on the market.

Livepeer Price Prediction: LPT Price Could Break to the Upside

The Livepeer price spiked to touch the daily high at $10.2 during the European session today. Meanwhile, if the lower boundary breaks again, the Livepeer price may return to the downside. However, if the price keeps respecting the upward movement, traders can then expect a bullish continuation toward the resistance level of $10 level. Nevertheless, if the 9-day MA crosses above the 21-day MA, the next resistance levels could be located at $11.0, $12.0, and $13.0 respectively.

Looking at the price formation, any bearish break below the 9-day and 21-day moving averages could play out for this market. However, a bearish extension could now roll the coin back to the long-term support levels at $5.9, $4.9, and $3.9. Therefore, a continuous fall might further lead to a violent break below the lower boundary of the channel.

LPT/BTC Touches 2218 SAT Daily High

Against Bitcoin, buyers are stepping back into the market as the Livepeer price shows a promising sign that could make lower highs should it rise above the 9-day and 21-day moving averages. From the upside, the nearest resistance level lies at 2200 SAT, and the higher resistance lies at 2400 SAT and above.

But, from the downside, the nearest support level is located at 1600 SAT, and if the price drops to create a new low, lower support could be found at 1300 SAT and below. Moreover, the 9-day moving average may need to cross above the 21-day moving average, which could indicate that the bulls are coming into focus.

Livepeer Alternatives

Currently, the Livepeer price is on an upward trajectory, expected to surpass and maintain its position above the 9-day and 21-day moving averages. Despite challenges in the market, the Livepeer price demonstrates resilience, persistently aiming for growth. Although the wider cryptocurrency market grapples with fluctuations, there’s an expectation for stabilization soon. As a result, the upcoming period appears promising for a thriving market environment.

However, when comparing Livepeer (LPT) to the rising Bitcoin Minetrix token, Livepeer boasts stability with a solid market cap of $236.6 million but might experience constrained short-term growth due to its size. On the other hand, Bitcoin Minetrix is garnering nearly $8.5 million in its current presale, indicating the possibility of significant and swift returns.