Livepeer Price Prediction for Today, May 10 – LPT Technical Analysis

The Livepeer price prediction could set a bullish run if the buyers can attempt to increase the buying pressure.

Livepeer (LPT) Token is Gaining Traction: Exciting Announcement for Web3 Social Media Platform on the Horizon

Livepeer (LPT) experiences another surge in its price trajectory, with a rapid ascent. LPT soared to $19.33, nearing its yearly high above $25 in a single price surge. The token’s demand propelled trading volumes to a monthly peak exceeding $106 million within 24 hours. As a result, LPT emerges as one of the most actively traded tokens in the past 24 hours, reflecting its heightened market activity and investor interest

Livepeer Prediction Statistics Data:

• Livepeer price now – $16.6
• Livepeer market cap – $540.8 million
• Livepeer circulating supply – 32.1 million
• Livepeer total supply – 32.1 million
• Livepeer Coinmarketcap ranking – #128

LPT/USD Market

Key Levels:

Resistance levels: $25.0, $27.0, $29.0

Support levels: $6.0, $4.0, $2.0

LPT/USD is heading toward the $20 resistance level as the coin crosses 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 touches the resistance level of $20.0.

Livepeer Price Prediction: Livepeer May Consolidate to the North

At the time of writing, the Livepeer price keeps trading bullishly as the bulls return into the market. Moreover, if the Livepeer price moves to the upside, it may rise to cross above the upper boundary of the channel. However, traders can then expect a bullish continuation if the 9-day MA crosses above the 21-day moving average.

Meanwhile, if the Livepeer price touches another resistance level at $22.0, the possible resistance levels could be located at $25.0, $27.0, and $29.0 respectively. Nonetheless, the Livepeer price is currently moving sideways in the short term, any bearish movement toward the south could hit the support levels at $6.0, $4.0, and $2.0.

LPT/BTC Heads to the North

Against Bitcoin, the Livepeer price is hovering above the 9-day and 21-day moving averages. However, 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 2659 SAT. Therefore, traders can expect close support at 1000 SAT and below.

However, if the buyers push the Livepeer price to the upside, it may likely hit the nearest resistance level of 3500 SAT; traders can then confirm a bull-run for the coin, and the potential resistance could be located at 400 SAT and above as the 9-day MA moves to cross above the 21-day MA.

Meanwhile,@cryptotitans11 shared with their followers on X (formerly Twitter) that $LPT has successfully confirmed a breakout from the falling wedge pattern in the daily time-frame. ✔️ #LPT

$LPT update (Daily) $LPT a Successful Breakout confirmed ✔️ from the falling wedge in the daily Time-Frame in #LPT#livepeer #crypto #btc #TradingSignals
A Massive Pump 📈 is anticipated. pic.twitter.com/O6ulXwjImx

— The Crypto Titan's (@cryptotitans11) May 3, 2024

Alternatives to Livepeer

Currently, the Livepeer price exhibits a bullish trajectory above the 9-day and 21-day moving averages. Despite prevailing market pressures, Livepeer demonstrates resilience, persistently aiming for upward movement. Amidst broader crypto market volatility, there’s an expectation of imminent stabilization, fostering a potentially prosperous market environment. However, Livepeer (LPT), with a market cap of $540.8 million, might face challenges in achieving significant price growth due to its size. In contrast, Dogeverse, an innovative token offering a unique stake-to-mine feature, stands out, garnering an impressive $15 million in its ongoing presale.

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