Livepeer (LPT) coin started to rise after breaking the critical resistance at $22.0 and it is currently heading north.
Livepeer (LPT) Coin Gains Momentum: Announcement of Upcoming Web3 Social Media Platform
Livepeer (LPT) is experiencing another price surge. From its yearly peak of over $25, LPT has climbed to $23.11. The token is likely to see rapid inflows and outflows due to limited arbitrage opportunities. The difference in LPT’s portfolio could be one of the factors contributing to the increase in trading activity.
Livepeer forecast statistics:
– Livepeer Current price: $22.98
– Livepeer market cap: $748.9 million
– Livepeer circulating supply: 32.5 million
– Livepeer total supply: 32.5 million
– Livepeer Coinmarketcap ranking: 108th
LPT/USD long-term trend: volatile (daily chart)
Key Levels:
– Resistance levels: $33, $35, $37
– Support levels: $12, $10, $9
LPT/USD is experiencing a significant push that has pushed the price above the 9-day and 21-day moving averages. The current price performance indicates that it is starting to rise within the channel. If it continues in a positive direction, the coin is likely to reach another resistance level of $25 in the near future.
Livepeer Price Prediction: What to Expect from Livepeer
Livepeer price is currently hovering around $22.98 and hit a daily high of $23.1. The future trend is likely to slightly turn in the positive direction and the coin may reach the nearest resistance level. However, if buyers put in more effort, LPT/USD might break through the additional resistance levels of $33, $35, and $37.
However, if the price falls below the 9-day and 21-day moving averages, the market may see a bearish trend, pulling the price back down to the initial support level of $20.8. In addition, further bearish trends may hit the key support levels of $12, $10, and $9. In addition, the 9-day moving average is above the 21-day moving average, which may provide more bullish signals to the market.
LPT/BTC could head north
For Bitcoin, Livepeer is trading above the 9-day and 21-day moving averages with the price hovering around 3398 SAT. Bullish forces are dominating the market and aim to push the coin price northwards. However, the daily chart shows that buyers are likely to continue dominating the market if the market price rises above 5000 SAT.
In this case, potential resistance could be located at 5200 SAT and above. Meanwhile, any bearish moves could cancel the bullish pattern and attract new sellers into the market, pushing LPT/USD below the lower boundary of the channel to reach support at 1600 SAT and below.
Nevertheless, @decilizer told his followers on X (formerly Twitter) that $LPT is becoming a strong contender in the crypto market. With solid support at $20 confirmed, our target is $27.2. Hopefully, $BTC will be able to support this trend. The recent uptick has already brought an astonishing 240% profit increase.
Today, $LPT is becoming a strong contender in the crypto market. With solid support at $20 confirmed, our target is $27.2. Hopefully, $BTC will be able to support this trend. The recent up move has already resulted in a staggering 240% profit increase.
According to the daily chart, if buying pressure increases, Livepeer price may start to rise and may break through the upper limit of the channel. Recently, the price has been fluctuating between the 9-day and 21-day moving averages, which may lead to a breakout of the upper limit of the channel. Meanwhile, multi-chain token Dogeverse is preparing for one of the most important memecoin launches of the year, having raised $15 million in a highly successful presale. The project has attracted a lot of attention from memecoin traders and crypto analysts, many of whom predict that the $DOGEVERSE token may achieve a 10x or even higher growth in June.
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