Livepeer price prediction shows that LPT continues to face an uptrend with the coin surging towards the $20.89 resistance level.
Livepeer Price Surges on Positive News 57%: Is the $100 LPT Price Target Achievable?
In a remarkable achievement, Livepeer (LPT), a significant contributor to decentralized video streaming, surged 57% in the past 24 hours to $20.8. This significant growth is attributed to Livepeer’s collaboration with OpenAI on the Sora generative video AI model to highlight the progress of the Livepeer network.
Livepeer coin price prediction statistics:
Livepeer Current Price – $18.9
Livepeer Market Cap - $724.3 Million
Livepeer Circulating Supply - 30.9 million
Livepeer Total Supply - 30.9 million
Livepeer Coinmarketcap Ranking - 10th
LPT/USD Market
Key Levels:
Resistance Levels: $25, $27, $29
Support Levels: $10, $7, $5
LPTUSD - Daily Chart
LPT/USD is showing an uptrend today, with the price hovering above the $18 resistance level with a low of $13.35. Therefore, any further upside breakout above the upper boundary of the channel could take Livepeer (LPT) price to the $22 resistance level. At the same time, traders should note that continued price gains could attract more buyers into the market.
Livepeer Price Prediction: LPT Price May Continue to Rise
Livepeer has been in a sideways movement for the past few days, but the bulls have regained control of the market and started driving the price upwards. However, the daily chart shows that the 9-day moving average has crossed above the 21-day moving average, increasing the bulls’ momentum within the channel.
Meanwhile, if the price slides towards the lower boundary of the channel, the bears may take advantage. However, the 9-day moving average is above the 21-day moving average, and it may cross the upper boundary of the channel to reach the $25, $27, and $29 resistance levels, but moving southward may find support levels at $10, $7, and $5.
LPT/BTC's upward momentum strengthens
Compared to Bitcoin, Livepeer price is hovering above the 9-day and 21-day moving averages, with the coin gaining momentum after the uptrend. Meanwhile, intraday trading is bullish and the coin may see additional gains towards the resistance level of 2500 SAT and above.
LPTBTC - Daily Chart
Conversely, if the sellers pull the market back below the moving averages, any bearish crossover below the lower boundary of the channel could lead the coin to fall to the support level of 2000 SAT and below. Meanwhile, the 9-day moving average has begun to cross above the 21-day moving average, which could signal more bullish signals within the market.
In this statement, @MTA098 shared information about $LPT with followers on X (original Twitter): Impressive 3-day candlestick chart! The price has risen by 194% since breaking the trend line.
$LPT: Amazing 3-day candlestick chart! The price has risen 194% since breaking the trend line.
#LPTUSDT
#lpt
#cryptomarket
#cryptotrading
#Binance
#Bitcoin
# trading strategy
https://t.co/uNZi1TQBsS
pic.twitter.com/NLhPhfEksm
— MTA Trading (@MTA098)
February 17, 2024
Livepeer Alternatives
Livepeer price has bullish momentum with potential support at $12. A breakout could lead to a downside movement, while sustaining this level could result in further gains. Nevertheless, Livepeer has a market cap of $701.5 million in the crypto market, ranking 10th. Meanwhile, Bitcoin Minetrix is in its presale phase and has raised about $11 million, offering stable returns and growth potential, codenamed $BTCMTX.
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