LPT/USD Heads to the Upside; Price Shoots Above $9.0 Level

Home » LPT/USD Heads to the Upside; Price Shoots Above $9.0 Level

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The Livepeer price prediction shows that LPT could set a bullish run if the market gains additional resistance levels.

Livepeer Prediction Statistics Data:

  • Livepeer price now – $7.73
  • Livepeer market cap – $208.4 million
  • Livepeer circulating supply – 27.1 million
  • Livepeer total supply – 27.1 million
  • Livepeer Coinmarketcap ranking – #142

LPT/USD Market

Key Levels:

Resistance levels: $11.0, $12.0, $13.0

Support levels: $4.0, $3.0, $2.0

LPTUSD – Daily Chart

LPT/USD is trading within a positive movement at the time of writing above the 9-day and 21-day moving averages. The market is running a little retracement move towards $7.5 resistance with price growth of 16.05%. However, Livepeer (LPT) is beginning to maintain a bullish movement within the channel and traders can expect the price to continue to rise as soon as the bulls put more pressure on the market.

Livepeer Price Prediction: Would LPT Price Break to the Upside?

If the lower boundary breaks again, the Livepeer price may slide back to $6.27 and $6.0 support. Moreover, if the price keeps respecting the upward movement, traders can then expect a bullish continuation toward the resistance level of $9.5 level. As the technical indicator, Relative Strength Index (14) moves within the overbought region, the next resistance levels could be located at $11.0, $12.0, and $13.0 respectively.

Looking at the price formation, any break below the 9-day and 21-day moving averages could play out for this market if the bears step into the market. However, a bearish extension could now roll the coin back to the long-term support levels at $4.0, $3.0, and $2.0. Therefore, a continuous fall might further lead to a violent break below the lower boundary of the channel.

When compares with Bitcoin, buyers are stepping back into the market as the coin shows a promising sign that could make higher highs should it keep on moving above the 9-day and 21-day moving averages. From the upside, the nearest resistance level lies at 4000 SAT, and the higher resistance lies at 4700 SAT and above.

LPTBTC – Daily Chart

But, from the downside, the nearest support level is located at 3200 SAT, and if the price drops to create a new low, lower support could be found at 2000 SAT and below. Moreover, the technical indicator Relative Strength Index (14) is likely to cross above the 70-level, suggesting that the bulls are coming into focus.

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