Livepeer Price Prediction for Today, July 24: LPT/USD May Cross Above $4.5 Level

Updated: 25 July 2023

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The Livepeer price prediction could set a bullish run if the market can attempt to climb above the moving averages.

Livepeer Prediction Statistics Data:

Livepeer price now – $4.21
Livepeer market cap – $115.4 million
Livepeer circulating supply – 28.5 million
Livepeer total supply – 28.5 billion
Livepeer Coinmarketcap ranking – #176

LPT/USD Market

Key Levels:

Resistance levels: $5.50, $6.00, $6.50

Support levels: $3.00, $2.50, $2.00

Livepeer Price Prediction for Today, July 24: LPT/USD May Cross Above $4.5 Level — LPTUSD – Daily Chart

LPT/USD is heading toward the $4.50 resistance level as the coin moves to cross above the 9-day and 21-day moving averages. However, for the fact that the coin is recording a slight gain, the Livepeer price may begin to maintain a bullish movement within the channel if the coin crosses above the moving averages.

Livepeer Price Prediction: Livepeer May Consolidate to the North

At the moment, the Livepeer price is hovering at $4.21 as the bulls return into the market. Moreover, if the Livepeer price crosses above the 9-day and 21-day moving averages, the market price may rise to cross above the upper boundary of the channel. However, traders can then expect a bullish continuation as the technical indicator Relative Strength Index (14) reveals that the signal line is likely to cross above the 50-level.

Meanwhile, if the Livepeer price crosses above the upper boundary of the channel, the possible resistance levels could be located at $5.50, $6.00, and $6.50 respectively. Nonetheless, the Livepeer price is currently moving sideways in the short term, any bearish movement toward the lower boundary of the channel could hit the support levels at $3.00, $2.50, and $2.00.

Against Bitcoin, the Livepeer price is heading toward the 9-day and 21-day moving averages. Meanwhile, in case of a trend reversal, there is a need for an increasing volume and resistance to cause an upsurge in the market, if not, the market may continue to move sideways. At the moment, the Livepeer (LPT) is hovering at 1389 SAT. Therefore, traders can expect close support at 1100 SAT and below.

However, if the buyers push the Livepeer price to the upside, it may likely hit the nearest resistance level of 1500 SAT; traders can then confirm a bull-run for the coin, and the potential resistance could be located at 1700 SAT and above as the technical indicator Relative Strength Index (14) crosses above the 40-level.

Livepeer Alternatives

At the time of writing, the Livepeer price may begin to hold strong as the coin is ready for a bullish movement. However, it’s possible that if the $4.00 support is tested, it’s likely to break to the downside. Meanwhile, if LPT/USD begins to abuse this level, the traders can expect the price to break beneath it.

Nonetheless, whether or not WSM will hit the heights forecast by some analysts still remains to be seen. Meanwhile, one thing is for and that is the eyes of the crypto world are now firmly fixed on Wall Street Memes as it continues to make headway in the market gaining almost $17 million in the ongoing presale.

Read more:

New OKX Listing - Wall Street Memes

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