The Livepeer price prediction reveals that LPT may begin to form higher as the coin prepares for the upside.
Livepeer Price Statistics Data:
- Livepeer price now – $9.0
- Livepeer market cap – $247.8 million
- Livepeer circulating supply – 27.2 million
- Livepeer total supply – 27.2 billion
- Livepeer Coinmarketcap ranking – #145
Resistance levels: $12, $14, $16
Support levels: $6, $4, $2
LPT/USD is attempting to cross above the upper boundary of the channel while the $8.5 level remains the nearest support where the price could hold. However, since a few days ago, the Livepeer price has been changing above the 9-day and 21-day moving averages, and this will make the coin cross above the upper boundary of the channel.
Livepeer Price Prediction: Will Livepeer Move Higher?
According to the daily chart, the Livepeer price may begin to rise and could probably cross above the channel if the bulls increase the pressure. Therefore, any bullish movement to the upside may push the price to the potential resistance levels of $12, $14, and $16.
Nevertheless, this technical analysis may not play out if the coin heads toward the lower boundary of the channel. Therefore, any bearish movement could reach the support levels of $6, $4, and $2. Moreover, the technical indicator Relative Strength Index (14) is moving within the overbought region, suggesting more bullish signals.
Against Bitcoin, the Livepeer price is hovering above the 9-day and 21-day moving averages. The long-term moving averages may keep the coin on the upside as the market is likely to start a new trend.
Nevertheless, if the buyers could push the coin above the upper boundary of the channel, higher resistance could be located at 5000 SAT and above as the technical indicator Relative Strength Index (14) stays within the overbought region, indicating that buyers are dominating the market. Moreover, should the bulls fail to move the current market value above the aforementioned barrier, the bears could resume, and the nearest support level could be located at 3000 SAT and below.
The Livepeer price is expected to move towards higher resistance after it breaks above the $9 level. However, the Meta Masters Guild presale has raised over $3.1 million, after a tremendous weekend in which it attracted around $200,000 a day from new investors in the web3-focused gaming guild as interested traders are therefore expected to participate in the sale.
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