Livepeer Price Prediction for Today, March 23: LPT/USD Holds Strong at $7.0 as Price Breaks Higher

The Livepeer price prediction is moving with an uptrend, and the traders could expect an early arrival of a price rally.

Livepeer Prediction Statistics Data:

• Livepeer price now – $7.08
• Livepeer market cap – $194.2 million
• Livepeer circulating supply – 27.4 million
• Livepeer total supply – 27.4 billion
• Livepeer coinmarketcap ranking – #160

LPT/USD Market

Key Levels:

Resistance levels: $9.0, $10.0, $11.0

Support levels: $4.0, $3.0, $2.0

LPT/USD is currently dealing with the bulls as the coin crosses above the 9-day and 21-day moving averages. The Livepeer price has always sought to increase despite the pressure of the market. However, 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.

Livepeer Price Prediction: LPT Could Gain More Upwards

At the time of writing, the Livepeer price continues to hold strong at $7.0, and it’s possible that the more the $6.0 support is tested, the more it’s likely to break to the downside. However, if LPT/USD abuse this level, the traders can expect the price to break beneath it at some point, and the critical support levels of $4.0, $3.0, and $2.0 may be tested.

For now, the price is hovering around $7.0 with the weak bullish momentum supported by the slightly positive technical level. The resistance levels are located at $9.0, $10.0, and $11.0 as the technical indicator Relative Strength Index (14) crosses above the 50-level to increase the bullish movement.

Compares to Bitcoin, The Livepeer price has been slowly grinding to the positive side. The market price is likely to cross above the 21-day moving average as the Livepeer price is now contained within the channel while traders wait for the bulls to hopefully push the market higher. However, the technical indicator Relative Strength Index (14) moves above the 40-level.

Moreover, if the bulls can break out above the 21-day moving average, traders can expect initial resistance at 3000 SAT. Above this, higher resistance could be located at 3800 SAT and above. From below, if the sellers bring the market beneath the lower boundary of the channel, traders can expect critical support at 1000 SAT and below.

Alternatives to Livepeer

At the moment, the Livepeer price may continue to follow a bullish movement to confirm the current direction of the market. Meanwhile, traders should note that a consistent price increase may encourage more buyers to join the market as bulls could increase their positions. On that note, there is another token with a great return in the market – Love Hate Inu (LHINU) is a fast-rising meme coin as the crypto project allows participants to earn rewards for engaging in polls and surveys in a thrilling and unique way where almost $2m has been achieved in the presale.