Livepeer price prediction for today, April 8 – LPT technical analysis

adminApril 9, 2024

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Livepeer price prediction shows that LPT could face an uptrend as it prepares to break above its moving average.

Livepeer statistical data:

Current Livepeer price – $17.6
Livepeer market capitalization – $559.4 million
Livepeer Circulating Supply – 31.6 million
Livepeer total supply – 31.6 billion
Livepeer Coin Market Cap Ranking – 155th

LPT/USD market

Main level:

Resistance levels: $26, $28, $30

Support levels: $8, $6, $4

Livepeer price prediction for today, April 8 – LPT technical analysis — LPTUSD – daily chart

LPT/USD is attempting to break above the 9-day and 21-day moving averages and the $16 level remains the closest support where the Livepeer price can hold. However, a bullish move above the moving average could lead the coin towards the upper boundary of the channel.

Livepeer Price Prediction: Will Livepeer Go Higher?

Looking at the daily chart, Livepeer price may start to rise and could reach the nearest resistance level of $22 if the bulls apply pressure. Therefore, a bullish move to the upside could push the price towards potential resistance levels of $26, $28, and $30.

On the other hand, if the coin is slipping and heading towards the lower border of the channel, this technical analysis may not work. Therefore, any bearish move could lead to support levels of $8, $6, and $4. Moreover, the 9-day moving average remains lower than the 21-day moving average, suggesting a bearish signal in the market.

LPT/BTC is integrated within the channel.

Livepeer price versus Bitcoin is hovering below the 9-day moving average and 21-day moving average. Meanwhile, if the 9-day moving average can make a bullish crossover above the 21-day moving average, this could cause the coin to start a new trend.

Nonetheless, if buyers are able to push the coin higher, it could find higher resistance above 3700 SAT. The 9-day moving average may need to break above the 21-day moving average, which could put buyers in control of the market. Moreover, if the bulls fail to move the current market value higher, the downtrend could resume and the nearest support level could be located below 1200 SAT.

However, @NasiriQudrat informed his 5,000+ followers on 🔥 A successful retest could be a sign of a potential 3x increase soon 📈.

$LPT A falling wedge has occurred and the retest process is now happening on a daily basis! 🔥
Expected to increase 3x in near future upon successful retest 📈https://t.co/TIyTzl6juw@Livepeer #lpt #Cryptocurrency pic.twitter.com/pB4Tuetbix
— Kudrat Nasiri (@NasiriQudrat) April 7, 2024

LivePeer Alternative

Livepeer price is currently on a bullish trajectory that is expected to surpass both the 9-day and 21-day moving averages. Despite prevailing market pressures, Livepeer has shown resilience and continues to aim for the upside. As volatility in the cryptocurrency market continues to expand, it is expected that stabilization is imminent, creating a potentially prosperous market environment. However, with a market cap of $559.4 million, Livepeer (LPT) may struggle to achieve significant price growth by the end of the year. In contrast, Bitcoin Minetrix, an innovative token offering unique stake-to-mine capabilities, stands out, generating an impressive $12.9 million in ongoing pre-sales. .

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