Livepeer Price Prediction for Today, May 31 – LPT Technical Analysis

The
Livepeer
price
prediction
kicked
off
its
rally
with
a
break
above
the
key
resistance
level
of
$22.0
as
the
coin
heads
to
the
north.

Livepeer
(LPT)
Coin
Gains
Momentum:
Upcoming
Announcement
for
Web3
Social
Media
Platform

Livepeer
(LPT)
is
experiencing
another
boom
cycle
with
a
steep
vertical
price
surge.
LPT
climbed
to
$23.11
in
a
single
price
move
from
its
yearly
peak
of
over
$25.
The
token
may
see
rapid
inflows
and
outflows
due
to
limited
arbitrage
opportunities.
The
disparity
in
LPT
pairings
could
be
a
factor
contributing
to
the
heightened
trading
activity.

Livepeer
Prediction
Statistics
Data:

• Livepeer
  price
  now
  –
  $22.98
• Livepeer
  market
  cap
  –
  $748.9
  million
• Livepeer
  circulating
  supply
  –
  32.5
  million
• Livepeer
  total
  supply
  –
  32.5
  million
• Livepeer
  Coinmarketcap
  ranking
  –
  #108

LPT/USD
Long-term
Trend:
Ranging
(Daily
Chart)

Key
Levels:

Resistance
levels:
$33,
$35,
$37

Support
levels:
$12,
$10,
$9

LPT/USD is
experiencing
significant
boosts
that
push
the
coin
above
the
9-day
and
21-day
moving
averages.
The
current
performance
of
the
coin
indicates
the
beginning
of
an
upward
movement
within
the
channel.
Meanwhile,
it’s
just
a
matter
of
time
for
this
coin
to
reach
another
resistance
level
of
$25
level
if
it
begins
to
follow
the
positive
direction.

Livepeer
Price
Prediction:
What
to
Expect
from
Livepeer

The
Livepeer
price
is
hovering
around
$22.98,
touching
the
daily
high
of
$23.1.
The
ongoing
trend
may
move
a
little
bit
higher
in
the
next
positive
direction,
and
the
coin
could
reach
the
nearest
resistance
level.
However,
if
the
buyers
put
more
effort,
LPT/USD
could
hit
additional
resistance
levels
at
$33,
$35,
and
$37
respectively.

Nonetheless,
if
the
coin
slides
below
the
9-day
and
21-day
moving
averages,
a
bearish
drop
may
roll
the
market
back
to
the
downside
and
the
initial
support
level
of
$20.8
could
be
reached.
Moreover,
any
further
bearish
movement
could
hit
the
critical
supports
at
$12,
$10,
and
$9.
Moreover,
the
9-day
MA
is
hovering
above
the
21-day
MA,
and
this
could
supply
more
bullish
signals
to
the
market.

LPT/BTC
May
Shoot
to
the
North

Against
Bitcoin,
the

Livepeer
is
trading
above
the
9-day
and
21-day
moving
averages
as
the
price
hovers
at
3398
SAT.
The
bulls
are
dominating
the
market,
aiming
to
push
the
coin
toward
the
north.
However,
the
daily
chart
reveals
that
the
buyers
may
continue
to
dominate
the
market
if
the
market
price
rises
above
5000
SAT.

On
that
note,
the
potential
resistance
level
could
be
located
at
5200
SAT
and
above.
Meanwhile,
any
bearish
movement
may
cancel
the
bullish
pattern
which
could
attract
new
sellers
to
the
market
by
bringing
the
LPT/USD
below
the
lower
boundary
of
the
channel
to
hit
the
support
level
of
1600
SAT
and
below.

Nonetheless,
@decilizer
informed
his
followers
on
X
(formerly
Twitter)
that
$LPT
is
emerging
as
a
strong
contender
in
the
crypto
market.
With
solid
support
confirmed
at
$20,
we’re
targeting
a
rise
to
$27.2.
Hopefully,
$BTC
will
bolster
this
trend.
The
recent
rally
has
already
yielded
a
remarkable
240%
increase
in
profit.

Today,
the

$LPT
is
emerging
as
a
strong
contender
in
the
crypto
market.
With
confirmed
support
at
$20,
we
are
aiming
for
a
target
of
$27.2.
Hopefully,

$BTC
will
support
this
trend.
There’s
been
a
240%
rise
in
profit
in
the
recent
rally.

pic.twitter.com/r2oC5ohDZI

—
Decilizer
(@decilizer)

May
31,
2024

Livepeer
Alternatives

According
to
the
daily
chart,
the
Livepeer
price
might
begin
to
rise
and
potentially
break
above
the
channel
if
bullish
pressure
increases.
Recently,
the
price
has
been
oscillating
between
the
9-day
and
21-day
moving
averages,
which
could
lead
to
crossing
the
upper
boundary
of
the
channel.
Meanwhile,
the
multi-chain
token

Dogeverse
is
gearing
up
for
one
of
the
biggest
meme
coin
launches
of
the
year,
having
raised
over
$15
million
in
a
highly
successful
presale.
This
project
has
captured
significant
attention
from
meme
coin
traders
and
crypto
analysts,
many
of
whom
predict
that
the
$DOGEVERSE
token
could
achieve
a
10x
gain
or
more
in
June.

Hurry
and
Buy
DOGEVERSE
–
The
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Don’t
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This
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You
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