Livepeer Price Prediction for Today, February 17 – LPT Technical Analysis

The Livepeer price prediction shows that LPT continues to face the uptrend as the coin spikes to touch the resistance level of $20.89.

Livepeer Price Skyrockets 57% on Bullish News: Is a $100 LPT Price Target Achievable?

In an extraordinary achievement, Livepeer (LPT), a significant contributor to decentralized video streaming, has surged an impressive 57% in the past 24 hours, reaching $20.8. This remarkable increase is credited to Livepeer’s collaboration with OpenAI on the Sora generative video AI model, to highlight advancements on the Livepeer network.

Livepeer Coin Prediction Statistics Data:

• Livepeer price now – $18.9
• Livepeer market cap – $724.3 million
• Livepeer circulating supply – 30.9 million
• Livepeer total supply – 30.9 million
• Livepeer Coinmarketcap ranking – #10

LPT/USD Market

Key levels:

Resistance Levels: $25, $27, $29

Support Levels: $10, $7, $5

LPT/USD looks green today as the price hovers above the resistance level of $18 from the low of $13.35. Therefore, any further bullish movement above the upper boundary of the channel may increase the Livepeer (LPT) price to the resistance level of $22. Meanwhile, traders should note that a consistent price increase could bring more buyers into the market.

Livepeer Price Prediction: LPT Price May Continue to Break Higher

In the past few days, the Livepeer has been following a sideways movement, but the bulls resumed the market and began to push the coin upward. However, the daily chart reveals that the 9-day moving average crosses above the 21-day moving average to increase the bullish movement within the channel.

Meanwhile, bears may take advantage of the coin if it slides toward the lower boundary of the channel. However, the 9-day moving average is seen above the 21-day moving average, it could cross above the upper boundary of the channel to hit the resistance levels of $25, $27, and $29, but heading toward the south may locate the supports at $10, $7, and $5.

LPT/BTC Increases the Bullish Movement

Against Bitcoin, the Livepeer price hovers above the 9-day and 21-day moving averages after the coin spikes to the upside. Meanwhile, the intraday trading is bullish and the coin may create additional gains to reach the resistance level at 2500 SAT and above.

On the contrary, if the sellers bring the market down below the moving averages, any bearish cross below the lower boundary of the channel may cause this coin to hit the support at 2000 SAT and below. Meanwhile, the 9-day MA begins a bullish movement above the 21-day MA, which could suggest more bullish signals into the market.

On that note, @MTA098 shared with followers on X (formerly Twitter) about $LPT: Impressive 3-day candle! The price has soared by +194% since breaking the trendline. 🚀🎯

$LPT : What a beast 3-day candle! The price has surged by +194% since breaking the trendline. 🚀🎯#LPTUSDT #lpt #cryptomarket #cryptotrading #Binance #Bitcoin #tradingstrategy https://t.co/uNZi1TQBsS pic.twitter.com/NLhPhfEksm

— MTA Trading (@MTA098) February 17, 2024

Alternatives to Livepeer

The Livepeer price is poised for bullish momentum, with potential support at $12. A breach could lead to downward movement while maintaining the level could result in further gains. Nevertheless, Livepeer boasts stability with a $701.5 million market cap, ranking 10th in the crypto market. Meanwhile, the Bitcoin Minetrix is in its presale phase, having raised around $11 million, offering consistent returns and growth potential with $BTCMTX.

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