Livepeer Price Prediction for Today, June 20: LPT/USD Surges as Price Could Hit $4.50 Resistance

Updated: 01 July 2023

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The Livepeer price prediction reveals that LPT may begin to form higher as the coin prepares for the upside.

Livepeer Prediction Statistics Data:

Livepeer price now – $4.13
Livepeer market cap – $117 million
Livepeer circulating supply – 28.1 million
Livepeer total supply – 28.1 billion
Livepeer Coinmarketcap ranking – #174

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, June 20: LPT/USD Surges as Price Could Hit $4.50 Resistance — LPTUSD – Daily Chart

LPT/USD is attempting to cross above the 21-day moving average while the $3.80 level remains the nearest support where the price could hold. However, since a few hours ago, LPT/USD has been trading above the 9-day moving average, and this could make the coin cross above the upper boundary of the channel.

Livepeer Price Prediction: Livepeer May Move Higher

Looking at the daily chart, the Livepeer price may continue to rise and could probably cross above the channel if the bulls increase the pressure. Therefore, any bullish movement to the upside may push the price to the potential resistance levels of $5.50, $6.00, and $6.50.

Nevertheless, this technical analysis may not play out if the coin heads toward the lower boundary of the channel. Therefore, any bearish movement could reach the support levels of $3.00, $2.50, and $2.00. Moreover, the technical indicator Relative Strength Index (14) is moving above the, suggesting a bullish signal.

Against Bitcoin, the Livepeer price is likely to cross above the 9-day and 21-day moving averages. Meanwhile, the long-term moving averages may push the coin to the upside as the market could start a new trend.

Nevertheless, if the buyers could push the coin toward the upper boundary of the channel, higher resistance could be located at 2000 SAT and above as the technical indicator Relative Strength Index (14) stays below the 40-level, indicating that the market may move sideways. Moreover, if the bulls fail to push the current market value above the 9-day moving average, the bears could resume, and the nearest support level could be located at 1000 SAT and below.

Alternatives to Livepeer

The Livepeer price is currently dealing with the bulls as the coin crosses above the 9-day moving average. However, the Livepeer price has always sought to increase despite the pressure of the market. The crypto market is struggling with volatility, and the market will likely come out in the same way soon. The period after this one should be flourishing.

Moreover, Wall Street Memes have every chance of success in the long run. Its native token is required to access its meme-generation tool. Considering the quality and uniqueness of this token, many analysts believe that the $WSM token could witness significant demand in the coming years where almost $9m has been achieved in the presale.

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