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Livepeer Price Prediction for Today, April 8 – LPT Technical Analysis

April 9, 2024
in Cryptocurrency
Reading Time: 4 mins read
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Livepeer Price Prediction for Today, April 8 – LPT Technical Analysis

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The Livepeer worth prediction reveals that LPT could start to face the upside because it prepares to cross above the transferring averages.

Livepeer Statistics Information:

Livepeer worth now – $17.6
Livepeer market cap – $559.4 million
Livepeer circulating provide – 31.6 million
Livepeer complete provide – 31.6 billion
Livepeer Coinmarketcap rating – #155

LPT/USD Market

Key Ranges:

Resistance ranges: $26, $28, $30

Help ranges: $8, $6, $4

Livepeer Price Prediction for Today, April 8 – LPT Technical Analysis
LPTUSD – Day by day Chart

LPT/USD is trying to cross above the 9-day and 21-day transferring averages whereas the $16 stage stays the closest assist the place the Livepeer worth may maintain. Nevertheless, any bullish motion above the transferring averages may make the coin head towards the higher boundary of the channel.

Livepeer Worth Prediction: Will Livepeer Transfer Larger?

Wanting on the each day chart, the Livepeer worth could start to rise and will in all probability hit the closest resistance stage of $22 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 $26, $28, and $30.

In the meantime, this technical evaluation could not play out if the coin slides and faces the decrease boundary of the channel. Due to this fact, any bearish motion may attain the assist ranges of $8, $6, and $4. Furthermore, the 9-day transferring common stays beneath the 21-day transferring common, suggesting bearish alerts available in the market.

LPT/BTC Consolidates Throughout the Channel

Towards Bitcoin, the Livepeer worth is hovering beneath the 9-day and 21-day transferring averages. In the meantime, if the 9-day transferring common could make a bullish cross above the 21-day transferring common, this will likely trigger the coin to begin a brand new pattern.

Livepeer Price Prediction for Today, April 8 – LPT Technical Analysis
LPTBTC – Day by day Chart

However, if the patrons may push the coin to the upside, increased resistance may very well be situated at 3700 SAT and above. The 9-day transferring common could must cross above the 21-day transferring common, which may make the patrons dominate the market. Furthermore, if the bulls fail to maneuver the present market worth to the upside, the bears may resume, and the closest assist stage may very well be situated at 1200 SAT and beneath.

Nevertheless, @NasiriQudrat knowledgeable his 5k+ followers on X (previously Twitter) that the $LPT Falling wedge has damaged out and is at the moment present process the retest course of on a each day timeframe! 🔥 A profitable retest may sign a possible 3x enhance shortly 📈.

$LPT Falling wedge get away and now on retest procces on each day timeframe! 🔥

Upon profitable retest anticipating 3x in close to future 📈https://t.co/TIyTzl6juw@Livepeer #lpt #Crypto pic.twitter.com/pB4Tuetbix

— Qudrat Nasiri (@NasiriQudrat) April 7, 2024

Livepeer Options

At the moment, the Livepeer worth reveals a bullish trajectory, poised to surpass each the 9-day and 21-day transferring averages. Regardless of prevailing market pressures, Livepeer demonstrates resilience, persistently aiming for upward motion. Amidst broader crypto market volatility, there’s an expectation of imminent stabilization, fostering a doubtlessly affluent market atmosphere. Nevertheless, Livepeer (LPT), with a market cap of $559.4 million, may face challenges in reaching important worth development by year-end. In distinction, Bitcoin Minetrix, an progressive token providing a novel stake-to-mine characteristic, stands out, garnering a formidable $12.9 million in its ongoing presale.

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