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

The Livepeer value prediction reveals that LPT could start to type increased because the coin prepares for the upside.

Livepeer Prediction Statistics Knowledge:

Livepeer value now – $7.16
Livepeer market cap – $214.3 million
Livepeer circulating provide – 29.7 million
Livepeer whole provide – 29.7 million
Livepeer CoinMarketCap rating – #163

LPT/USD Market

Key Ranges:

Resistance ranges: $9.0, $9.5, $10.0

Assist ranges: $5.5, $5.0, $4.5

LPT/USD is trying to cross above the higher boundary of the channel whereas the $7.0 stage stays the closest assist the place the value might maintain. Nevertheless, since just a few days in the past, LPT/USD has been buying and selling above the 9-day and 21-day transferring averages, and this may make the coin cross above the higher boundary of the channel.

Livepeer Worth Prediction: Will Livepeer Transfer Greater?

In accordance with the day by day chart, the Livepeer value could start to rise and will most likely cross above the channel if the bulls enhance the stress. Due to this fact, any bullish motion to the upside could push the value to the potential resistance ranges of $9.0, $9.5, and $10.0.

Nevertheless, the bullish motion could not play out if the coin heads towards the decrease boundary of the channel. In the meantime, any bearish motion to the south could find the assist ranges of $5.5, $5.0, and $4.5. Furthermore, the 9-day transferring common continues to be hovering above the 21-day transferring common, suggesting extra bullish indicators.

LPT/BTC Could Comply with the Bullish Motion

In opposition to Bitcoin, the Livepeer value is hovering above the 9-day and 21-day transferring averages. In the meantime, the long-term transferring averages could maintain the coin on the upside because the market is more likely to begin a brand new pattern.

However, if the patrons might push the coin above the higher boundary of the channel, increased resistance may very well be situated at 2400 SAT and above. Due to this fact, if the bulls enhance the stress, this will point out that patrons are more likely to dominate the market. Furthermore, ought to the bulls fail to maneuver the present market worth above the channel, the bears might resume, and the closest assist stage may very well be situated at 1600 SAT and beneath.

Livepeer Options

Wanting on the day by day chart, the Livepeer value stays resilient at $7.16. In the meantime, there’s a chance that elevated testing of the $7.0 assist stage might result in a draw back break. Nevertheless, merchants ought to be watchful, as a breach of this stage might consequence within the value falling, which might head towards the decrease boundary of the channel to extend the bearish motion.

However, Livepeer (LPT) has a market cap of $214.3 million and ranks 163 on CoinMarketCap. It might face challenges in reaching vital value progress by the 12 months’s finish. In distinction, Bitcoin Minetrix, a brand new token, stands out with its distinctive stake-to-mine characteristic. This token has gained over $4 million in its ongoing presale, signaling optimistic market reception. Traders in search of promising alternatives could discover BTCMTX interesting resulting from its novel options and enthusiastic presale response.

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