Livepeer Price Prediction for Today, February 17 – LPT Technical Analysis

By Crypto Gloom On Feb 18, 2024

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Livepeer price predictions show that LPT continues to face an upward trend as the coin surges and reaches the resistance level of $20.89.

Livepeer Price Soars 57% on Bullish News: Can $100 LPT Price Target Be Achieved?

Livepeer (LPT), a major contributor to decentralized video streaming, has had an impressive performance, surging a whopping 57% in the past 24 hours to reach $20.8. This impressive increase is thanks to OpenAI and Livepeer’s collaboration on the Sora-generated video AI model to highlight the advancements of the Livepeer network.

Livepeer Coin Prediction Statistical Data:

Current Livepeer price – $18.9
Livepeer market cap – $724.3 million
Livepeer Circulating Supply – 30.9 million
Livepeer total supply – 30.9 million
Livepeer CoinMarketCap Ranking – 10th

LPT/USD market

Main level:

Resistance levels: $25, $27, $29

Support levels: $10, $7, $5

Livepeer Price Prediction for Today, February 17 – LPT Technical Analysis — LPTUSD – daily chart

LPT/USD looks green today as the price rises from a low of $13.35 to above the $18 resistance level. Therefore, further strength beyond the upper boundary of the channel could push the Livepeer (LPT) price up to the resistance level of $22. Meanwhile, traders should note that continued price increases may attract more buyers to the market.

Livepeer Price Prediction: LPT price may continue to rise.

Over the past few days, Livepeer has been trading sideways, but bulls are starting to reopen the market and push the coin higher. However, on the daily chart, we see that the 9-day moving average is crossing the 21-day moving average, increasing the bullish movement within the channel.

Meanwhile, if the coin slides towards the lower border of the channel, the bears can capitalize on it. However, the 9-day moving average is above the 21-day moving average and could cross the upper boundary of the channel to reach the resistance levels of $25, $27 and $29, but head south to find support. $10, $7, $5.

LPT/BTC increases bullish movement

Compared to Bitcoin, Livepeer price is hovering above the 9-day and 21-day moving averages after the coin showed an upward trend. Meanwhile, intraday trading is bullish and the coin may generate further gains to reach resistance levels above 2500 SAT.

Conversely, if sellers push the market below the moving average, a bearish crossover below the lower boundary of the channel could cause this coin to hit support below 2000 SAT. Meanwhile, the 9-day moving average begins a bullish move above the 21-day moving average, which could signal more bullish signals for the market.

On that note, @MTA098 shared with his followers on X (formerly Twitter) about $LPT: an impressive 3-day candle! After breaking the trendline, the price surged +194%. 🚀🎯

$LPT : A truly beastly 3-day candle! After breaking the trendline, the price surged +194%. 🚀🎯#LPTUSDT #lpt #Cryptocurrency market #Cryptocurrency trading #Binance #Bitcoin #Trading Strategy https://t.co/uNZi1TQBsS pic.twitter.com/NLhPhfEksm

— MTA Trading (@MTA098) February 17, 2024

Alternatives to Livepeer

Livepeer price is poised for bullish momentum with potential support at $12. A violation can lead to a downward movement, but maintaining the level can lead to further profits. Nevertheless, Livepeer boasts stability, ranking 10th in the cryptocurrency market with a market capitalization of $701.5 million. Meanwhile, Bitcoin Minetrix is in pre-sale stage, having raised approximately $11 million, offering consistent revenue and growth potential through $BTCMTX.

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