Livepeer Price Prediction for Today, October 11

Livepeer Price Prediction for Today, October 11 – LPT Technical Analysis

Updated: 11 October 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Livepeer price prediction shows that LPT is attempting to cross above the 9-day and 21-day moving averages.

Livepeer Prediction Statistics Data:

Livepeer price now – $6.01
Livepeer market cap – $74.1 million
Livepeer circulating supply – 569.3 million
Livepeer total supply – 1.0 billion
Livepeer Coinmarketcap ranking – #284

LPT/USD Market

Key Levels:

Resistance levels: $9.0, $10.0, $11.0

Support levels: $3.0, $2.0, $1.0

Livepeer Price Prediction for Today, October 11 – LPT Technical Analysis — LPTUSD – Daily Chart

LPT/USD peaks at $6.3 today, after which the coin begins to trade within the 9-day and 21-day moving averages. However, the Livepeer may need to stay above the moving averages in other to guide against the downward pressure while the closest support expects the coin at $5.0, which could be a daily low.

Livepeer Price Prediction: Livepeer Likely to Hit $7.0 High

At the time of writing, the Livepeer price could trend higher as a bullish movement toward the upper boundary of the channel could push the coin to the resistance levels of $9.0, $10.0, and $11.0. On the downside, a bearish movement below the lower boundary of the channel could stop the initial upward movement and create bearish momentum with a focus on bringing the market to the next support levels of $3.0, $2.0, and $1.0 respectively.

At the moment, the 9-day MA may cross above the 21-day MA, which could allow the buyers to concentrate on stirring action to the north. However, it is needed for the bulls to increase their momentum to stop the bears from dominating the market.

LPT/BTC May Shoot Higher

Against Bitcoin, the Livepeer price is crossing above the 9-day moving average to touch the resistance level of 2292 SAT. Meanwhile, following the recent positive sign, the LPT price may go down if the sellers sustain the pressure further.

However, if the bears succeed in breaking below the lower boundary of the channel, the market price may reach the support level at 1300 SAT and below. Meanwhile, the continuation of the bullish movement could allow the coin to go near the upper boundary of the channel and push the price to the resistance level of 3000 SAT and above, which could boost the bullish movement.

Alternatives to Livepeer

The Livepeer price is attempting to cross above the 9-day and 21-day moving averages while the $5.7 level remains the nearest support where the price could hold. However, since a few hours ago, LPT/USD has been trading within the moving averages, and this could make the coin head toward the upper boundary of the channel to hit the resistance level of $8.0.

Nonetheless, Bitcoin Minetrix has introduced a unique stake-to-mine feature, making it hard to directly compare its potential price trajectory with other cryptos. However, this unique utility could find a good product-market fit and attract more users over time. Bitcoin mining is already a booming business worth over a billion dollars. By democratizing the mining process, the token continues to make headway in the market gaining over $990k in the ongoing presale.

New Crypto Mining Platform - Bitcoin Minetrix

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