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- 1 At press time, Livepeer crypto price was $9.09 with a drop of 1.94% in the last 24 hours.
- 2 Livepeer has a current market cap of $274.836 Million.
Livepeer price prediction suggests that the Livepeer crypto is presently moving in an uptrend after breaking out of the bear’s stronghold. The price is trading above the critical EMAs on the daily time frame. The volume declined slightly, which indicates that there is a fall in buying and selling activity.
If the price gains buyers’ support at the present level, it can see a surge near the price of $11 within the next few weeks whereas the immediate support level for the LPT token is around $8.00. The price movements are relevantly more stable for Livepeer crypto than other major cryptocurrencies.
The buyers have an adequate probability of attaining the expected target if they are able to sustain the price above the 200 EMA which would put the anticipated outcomes in the bulls’ favor.
Livepeer price has been trading in a bull trend for the past few months. After making a breakout Livepeer crypto price has been finding consistent support from the bulls from the trendline. Observing the historical price action, it can be estimated that the 200 EMA level has been acting as a crucial demand zone.
Technical Analysis: Livepeer crypto price in 1-D Timeframe
Livepeer (USD: LPT) price rose steadily over the past three months, gaining 59.44% and 45.45% last month. Currently, Livepeer crypto is trading at $9.09 and has been trying to hold on to this level after an unexpected surge in price.
If it can keep this level, the Livepeer price could continue to go up and reach the first and second targets of $10.00 and $11.00. However, if the Livepeer price cannot maintain this level and falls, then it might hit the closest support levels of $8.00 and $7.00.
Currently, Livepeer crypto (USD: Livepeer) is trading above the 50 and 200-day daily moving averages (DMAs), which are supporting the price momentum.
However, if buying volume adds up, then the price might support bullish momentum by making higher highs and make new highs. Hence, the Livepeer price is expected to move upward giving bullish views over the daily time frame chart.
The current value of RSI is 66.24 points. The 14 SMA is above the median line at 57.41 points which indicates that the Livepeer crypto is bullish.
The MACD line at 0.59 and the signal line at 0.32 are above the zero line. A bullish crossover is observed in the MACD indicator which signals strength in the momentum of the Livepeer crypto price.
Summary
Livepeer (USD: Livepeer) technical oscillators also support the bullish trend. The MACD, RSI, and EMAs are emphasizing positive signs and imply that the uptrend may continue in the Livepeer crypto price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment.
Technical Levels
Support Levels: $8.00 and $7.00.
Resistance Levels: $10.00 and $11.00.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
