Livepeer Price Prediction for Today, December 16 – LPT Technical Analysis

The Livepeer price prediction shows that LPT escalates, but a break above $8.0 may pull the coin toward $8.5 in the coming trading sessions.

Livepeer Prediction Statistics Data:

• Livepeer price now – $7.43
• Livepeer market cap – $220.5 million
• Livepeer circulating supply – 30 million
• Livepeer total supply – 30 million
• Livepeer Coinmarketcap ranking – #185

LPT/USD Market

Key Levels:

Resistance levels: $9.0, $9.5, $10.0

Support levels: $6.0, $5.5, $5.0

LPTUSD – Daily Chart

LPT/USD is currently trading around the resistance level of $7.43 after touching the daily high of $7.97 in the early hours of today. However, this could easily pave the way for gains above the upper boundary of the channel. Therefore, if the 9-day MA remains above the 9-day MA, the market may show that the bullish grip may be getting stronger.

Livepeer Price Prediction: Livepeer (LPT) Ready to go Higher

The Livepeer price is currently holding the ground above the 9-day and 21-day moving averages after a major recovery from $6.69. This shows that buyers may begin to have the upper hand in the price movement, and they could easily push the coin toward the potential resistance of $9.0, $9.5, and $10.0. In other words, if the buying action fails to break above $8.0, then LPT/USD could instead settle for consolidation.

However, it is about time buyers increase their confidence in the recovery because $8.0 is still achievable. Therefore, if the bears bring the coin below the 9-day and 21-day moving averages, the support levels of $6.0, $5.5, and $5.0 may be reached.

LPT/BTC Could Head to the Upside

Against Bitcoin, the Livepeer price heads to the upside as the 9-day MA keeps hovering below the 21-day MA. Meanwhile, if the market price eventually closes above the upper boundary of the channel, traders might expect a long-term bullish movement.

LPTBTC – Daily Chart

Meanwhile, any bearish movement toward the lower boundary of the channel may likely meet the major support at 1500 SAT before falling to 1300 SAT and below while the buyers may need to push the market to the potential resistance at 2200 SAT and above.

Alternatives to Livepeer

The Livepeer price is presently experiencing a bullish trend, maintaining its position above the 9-day and 21-day moving averages. Despite market pressures, the Livepeer price remains resilient, consistently striving for upward momentum. However, while the broader crypto market contends with volatility, there is anticipation that it will stabilize shortly. Therefore, the forthcoming period holds the potential for a flourishing market scenario.

However, Livepeer (LPT), currently holding a market cap of $218.5 million, might encounter obstacles in attaining substantial price growth by the end of the year. On the contrary, Bitcoin Minetrix, a novel token, distinguishes itself with a distinctive stake-to-mine feature, amassing an impressive $5.3 million in its ongoing presale. Hence, investors in search of promising opportunities may be drawn to BTCMTX, given its innovative features and the enthusiastic response it has garnered during the presale.