Livepeer Price Prediction for Today, April 8 – LPT Technical Analysis

The Livepeer price prediction reveals that LPT may begin to face the upside as it prepares to cross above the moving averages.

Livepeer Statistics Data:

• Livepeer price now – $17.6
• Livepeer market cap – $559.4 million
• Livepeer circulating supply – 31.6 million
• Livepeer total supply – 31.6 billion
• Livepeer Coinmarketcap ranking – #155

LPT/USD Market

Key Levels:

Resistance levels: $26, $28, $30

Support levels: $8, $6, $4

LPT/USD is attempting to cross above the 9-day and 21-day moving averages while the $16 level remains the nearest support where the Livepeer price could hold. However, any bullish movement above the moving averages could make the coin head toward the upper boundary of the channel.

Livepeer Price Prediction: Will Livepeer Move Higher?

Looking at the daily chart, the Livepeer price may begin to rise and could probably hit the nearest resistance level of $22 if the bulls increase the pressure. Therefore, any bullish movement to the upside may push the price to the potential resistance levels of $26, $28, and $30.

Meanwhile, this technical analysis may not play out if the coin slides and faces the lower boundary of the channel. Therefore, any bearish movement could reach the support levels of $8, $6, and $4. Moreover, the 9-day moving average remains below the 21-day moving average, suggesting bearish signals in the market.

LPT/BTC Consolidates Within the Channel

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

Nevertheless, if the buyers could push the coin to the upside, higher resistance could be located at 3700 SAT and above. The 9-day moving average may need to cross above the 21-day moving average, which could make the buyers dominate the market. Moreover, if the bulls fail to move the current market value to the upside, the bears could resume, and the nearest support level could be located at 1200 SAT and below.

However, @NasiriQudrat informed his 5k+ followers on X (formerly Twitter) that the $LPT Falling wedge has broken out and is currently undergoing the retest process on a daily timeframe! 🔥 A successful retest could signal a potential 3x increase shortly 📈.

$LPT Falling wedge break out and now on retest procces on daily timeframe! 🔥

Upon successful retest expecting 3x in near future 📈https://t.co/TIyTzl6juw@Livepeer #lpt #Crypto pic.twitter.com/pB4Tuetbix

— Qudrat Nasiri (@NasiriQudrat) April 7, 2024

Livepeer Alternatives

Currently, the Livepeer price exhibits a bullish trajectory, poised to surpass both the 9-day and 21-day moving averages. Despite prevailing market pressures, Livepeer demonstrates resilience, persistently aiming for upward movement. Amidst broader crypto market volatility, there’s an expectation of imminent stabilization, fostering a potentially prosperous market environment. However, Livepeer (LPT), with a market cap of $559.4 million, might face challenges in achieving significant price growth by year-end. In contrast, Bitcoin Minetrix, an innovative token offering a unique stake-to-mine feature, stands out, garnering an impressive $12.9 million in its ongoing presale.

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