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

The Livepeer value prediction reveals that LPT could start to type greater 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 complete 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 making an attempt to cross above the higher boundary of the channel whereas the $7.0 stage stays the closest help the place the worth might maintain. Nonetheless, since a number of days in the past, LPT/USD has been buying and selling above the 9-day and 21-day shifting averages, and it will make the coin cross above the higher boundary of the channel.

Livepeer Value Prediction: Will Livepeer Transfer Larger?

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 improve the stress. Subsequently, any bullish motion to the upside could push the worth to the potential resistance ranges of $9.0, $9.5, and $10.0.

Nonetheless, 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 help ranges of $5.5, $5.0, and $4.5. Furthermore, the 9-day shifting common continues to be hovering above the 21-day shifting common, suggesting extra bullish alerts.

LPT/BTC Might Observe the Bullish Motion

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

However, if the consumers might push the coin above the higher boundary of the channel, greater resistance might be situated at 2400 SAT and above. Subsequently, if the bulls improve the stress, this will likely point out that consumers 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 help stage might 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 help stage might result in a draw back break. Nonetheless, merchants must 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 could face challenges in attaining 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 constructive market reception. Traders searching for promising alternatives could discover BTCMTX interesting attributable to its novel options and enthusiastic presale response.

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