Livepeer Price Prediction for Today, May 19: LPT/USD May Continue Higher; Price Touches $5.09 Level

The Livepeer price prediction consolidates in a flag formation as the bulls move towards the upper boundary of the channel.

Livepeer Prediction Statistics Data:

• Livepeer price now – $5.02
• Livepeer market cap – $140.5 million
• Livepeer circulating supply – 27.9 million
• Livepeer total supply – 27.9 million
• Livepeer Coinmarketcap ranking – #173

LPT/USD Market

Key Levels:

Resistance levels: $8.00, $8.50, $9.00

Support levels: $2.50, $2.00, $1.50

LPT/USD bulls have taken control of the daily price chart following the current bullish movement within the channel and the price is attempting to cross above the upper boundary of the channel. Meanwhile, looking at the chart, the coin is presently consolidating in a flag pattern as the trading volume rises slowly.

Livepeer Price Prediction: Can LPT Price Go Higher?

Earlier today, the Livepeer price begins with a slight increase and broke above the 9-day and 21-day moving averages. Meanwhile, a successful close above the upper boundary of the channel could accelerate gains and the price might surge toward the resistance level of $6.00. Any more gains could lead the price toward the resistance levels of $8.00, $8.50, and $9.00.

On the other hand, if Livepeer starts a downside correction, it could find support near the $4.50 level. The first major support is near the $4.00 level, where the bulls are likely to take a stand. However, if the price drops below the moving averages, a bearish continuation could bring the market to the critical supports at $2.50, $2.00, and $1.50 respectively. Meanwhile, the Relative Strength Index (14) faces upward, hoping to cross above the 50-level which may likely boost the upward movement for the coin.

When compares with Bitcoin, the trend of the pair is still sideways in the long-term, trading at 1868 SAT. Meanwhile, the coin at the moment is bearish and the coin may likely hit the support level at 1200 SAT and below if slides below the 9-day and 21-day moving averages.

However, if the bulls maintain and hold the price very well, traders can expect the coin to rise above the upper boundary of the channel. For now, the nearest resistance level for the market could be found at 2700 SAT and above as the Relative Strength Index (14) moves to cross above the 50-level.

Livepeer Alternatives

According to the daily chart, the Livepeer price may begin to rise and could probably cross above the channel if the bulls increase the pressure. However, since a few days ago, the Livepeer price has been hovering within the 9-day and 21-day moving averages, and this will make the coin cross above the upper boundary of the channel. Nevertheless, AiDoge has every chance of success in the long run. Its native token, AI, is required to access its meme generation tool. Considering the quality and uniqueness of its AI-backed product, many analysts believe that $AI token could witness significant demand in the coming years where almost $10m has been achieved in the presale.