Livepeer Price Prediction for Today, January 14 – LPT Technical Analysis

According to Livepeer price predictions, LPT could be bullish if the market surges above the channel once again.

Livepeer predicted statistical data:

• Current Livepeer price – $8.0
• Livepeer market capitalization – $236.6 million
• Livepeer Circulating Supply – 30.4 million
• Livepeer total supply – 30.4 million
• Livepeer Coin Market Cap Ranking – 180th

LPT/USD market

Main level:

Resistance levels: $11.0, $12.0, $13.0

Support levels: $5.9, $4.9, $3.9

LPT/USD is trading with positive movement above the 9-day and 21-day moving averages at the time of writing. The market is showing a slight retracement move towards $8.5 resistance with a price increase of 5.24%. However, Livepeer (LPT) is likely to follow the bullish move and traders can expect the price to continue to rise as soon as the bulls put more pressure on the market.

Livepeer price prediction: LPT price may rise.

Livepeer price hit a daily high of $10.2 during today’s European session. On the other hand, if the lower limit is broken again, the LivePeer price may return to a downward trend. However, if the price continues its upward trend, traders can expect strength continuation towards the $10 resistance level. Nonetheless, if the 9-day moving average breaks above the 21-day moving average, the next resistance levels could be located at $11.0, $12.0, and $13.0, respectively.

Looking at the price formation, weakness below the 9-day and 21-day moving averages can occur in this market. However, a bearish extension could now take the coin back to its long-term support levels of $5.9, $4.9, and $3.9. Therefore, sustained falls can cause violent fractures below the lower boundary of the channel.

LPT/BTC reaches daily high of 2218 SAT.

Buyers are coming back into the market compared to Bitcoin as Livepeer price shows promising signs of lower highs if it breaks above the 9-day moving average and 21-day moving average. On the upside, the nearest resistance level is at 2200 SAT and higher resistance is above 2400 SAT.

However, looking to the downside, the nearest support level is at 1600 SAT, and if the price falls and makes new lows, we may find lower support below 1300 SAT. Additionally, the 9-day moving average may need to break above the 21-day moving average, which could indicate that an uptrend is coming into focus.

LivePeer Alternative

Livepeer price is currently on an upward trend and is expected to maintain its position above the 9-day and 21-day moving averages. Despite market challenges, Livepeer pricing shows resilience and continues to target growth. The broader cryptocurrency market is suffering from volatility, but is expected to stabilize soon. As a result, the upcoming period appears promising for a thriving market environment.

However, when comparing Livepeer (LPT) to the rising Bitcoin Minetrix token, Livepeer boasts stability with a solid market capitalization of $236.6 million, but its size may limit its near-term growth. Bitcoin Minetrix, on the other hand, is currently generating approximately $8.5 million in presales, suggesting the potential for significant and rapid returns.

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