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

The Livepeer worth prediction might set a bullish run if the patrons can try to extend the shopping for stress.

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

Livepeer (LPT) experiences one other surge in its worth trajectory, with a speedy ascent. LPT soared to $19.33, nearing its yearly excessive above $25 in a single worth surge. The token’s demand propelled buying and selling volumes to a month-to-month peak exceeding $106 million inside 24 hours. Consequently, LPT emerges as one of the crucial actively traded tokens prior to now 24 hours, reflecting its heightened market exercise and investor curiosity

Livepeer Prediction Statistics Knowledge:

• Livepeer worth now – $16.6
• Livepeer market cap – $540.8 million
• Livepeer circulating provide – 32.1 million
• Livepeer complete provide – 32.1 million
• Livepeer Coinmarketcap rating – #128

LPT/USD Market

Key Ranges:

Resistance ranges: $25.0, $27.0, $29.0

Assist ranges: $6.0, $4.0, $2.0

LPT/USD is heading towards the $20 resistance stage because the coin crosses above the 9-day and 21-day shifting averages. Nevertheless, for the truth that the coin is recording a slight acquire, the Livepeer worth might start to keep up a bullish motion throughout the channel if the coin touches the resistance stage of $20.0.

Livepeer Worth Prediction: Livepeer Could Consolidate to the North

On the time of writing, the Livepeer worth retains buying and selling bullishly because the bulls return into the market. Furthermore, if the Livepeer worth strikes to the upside, it might rise to cross above the higher boundary of the channel. Nevertheless, merchants can then anticipate a bullish continuation if the 9-day MA crosses above the 21-day shifting common.

In the meantime, if the Livepeer worth touches one other resistance stage at $22.0, the doable resistance ranges may very well be positioned at $25.0, $27.0, and $29.0 respectively. Nonetheless, the Livepeer worth is presently shifting sideways within the brief time period, any bearish motion towards the south might hit the help ranges at $6.0, $4.0, and $2.0.

LPT/BTC Heads to the North

In opposition to Bitcoin, the Livepeer worth is hovering above the 9-day and 21-day shifting averages. Nevertheless, in case of a pattern reversal, there’s a want for an rising quantity and resistance to trigger an upsurge available in the market, if not, the market might proceed to maneuver sideways.  In the mean time, the Livepeer (LPT) is hovering at 2659 SAT. Due to this fact, merchants can anticipate shut help at 1000 SAT and under.

Nevertheless, if the patrons push the Livepeer worth to the upside, it might possible hit the closest resistance stage of 3500 SAT; merchants can then verify a bull-run for the coin, and the potential resistance may very well be positioned at 400 SAT and above because the 9-day MA strikes to cross above the 21-day MA.

In the meantime,@cryptotitans11 shared with their followers on X (previously Twitter) that $LPT has efficiently confirmed a breakout from the falling wedge sample within the day by day time frame. ✔️ #LPT

$LPT replace (Every day) $LPT a Profitable Breakout confirmed ✔️ from the falling wedge within the day by day Time-Body in #LPT#livepeer #crypto #btc #TradingSignals
A Huge Pump 📈 is anticipated. pic.twitter.com/O6ulXwjImx

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

Options to Livepeer

At present, the Livepeer worth displays a bullish trajectory above the 9-day and 21-day shifting averages. Regardless of prevailing market pressures, Livepeer demonstrates resilience, persistently aiming for upward motion. Amidst broader crypto market volatility, there’s an expectation of imminent stabilization, fostering a doubtlessly affluent market setting. Nevertheless, Livepeer (LPT), with a market cap of $540.8 million, may face challenges in attaining vital worth progress attributable to its dimension. In distinction, Dogeverse, an revolutionary token providing a novel stake-to-mine function, stands out, garnering a powerful $15 million in its ongoing presale.

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