LPT/USD May Continue Higher; Price Touches $9.97 Level

The Livepeer (LPT) price prediction consolidates in a flag formation as the bulls move towards the upper boundary of the channel.

Livepeer Prediction Statistics Data:

• Livepeer price now – $9.42
• Livepeer market cap – $233.5 million
• Livepeer circulating supply – 24.7 million
• Livepeer total supply – 25.8 million
• Livepeer Coinmarketcap ranking – #121

LPT/USD Market

Key Levels:

Resistance levels: $11.30, $11.60, $11.90

Support levels: $8.00, $7.70, $7.40

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LPT/USD bulls have taken control of the daily price chart following two days’ bullish movements and the price is attempting to move towards the upper boundary of the channel. Meanwhile, looking at the chart, the Livepeer price is presently consolidating in a flag pattern as the trading volume rises slowly.

Livepeer Price Prediction: Where is LPT Price Going Next?

Earlier today, the Livepeer price begins with a strong increase and heads toward the 9-day and 21-day moving averages. Meanwhile, a successful close above the upper boundary of the channel could accelerate gains and the price might surge towards the resistance level of $11.00. Any more gains could lead the price towards the resistance levels of $11.30, $11.60, and $11.90.

On the other hand, if Livepeer starts a downside correction, it could find support near the $9.00 level. The first major support is near the $8.50 level, where the bulls are likely to take a stand. However, if the price drops below the moving averages, a bearish continuation could bring the market to the critical supports at $8.00, $7.70, and $7.40 respectively. Meanwhile, the Relative Strength Index (14) faces upward, hoping to cross above the 40-level which may likely boost the upward movement for the coin.

When compares with Bitcoin, the trend of the pair is still sideways in the long-term, trading at 4625 SAT. Meanwhile, the cryptocurrency at the moment is range-bound against the USD and the coin may likely hit the support level at 4300 SAT and below if slides below the 9-day and 21-day moving averages.

However, if the bulls maintain and hold the price very well, traders can expect the coin to rise above the moving averages. For now, the nearest resistance levels for the market are located at 5200 SAT and above as the Relative Strength Index (14) remains above the 40-level.

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