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

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

Livepeer Prediction Statistics Knowledge:

Livepeer worth 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

Help 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 degree stays the closest assist the place the worth may maintain. Nonetheless, since a couple of days in the past, LPT/USD has been buying and selling above the 9-day and 21-day transferring averages, and this can make the coin cross above the higher boundary of the channel.

Livepeer Worth Prediction: Will Livepeer Transfer Larger?

In response to the day by day chart, the Livepeer worth could start to rise and will most likely cross above the channel if the bulls improve the strain. Due to this fact, 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 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 alerts.

LPT/BTC Could Comply with the Bullish Motion

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

Nonetheless, if the consumers may push the coin above the higher boundary of the channel, greater resistance may very well be positioned at 2400 SAT and above. Due to this fact, if the bulls improve the strain, this may increasingly 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 may resume, and the closest assist degree may very well be positioned at 1600 SAT and beneath.

Livepeer Options

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

Nonetheless, Livepeer (LPT) has a market cap of $214.3 million and ranks 163 on CoinMarketCap. It might face challenges in reaching important worth development by the yr’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. Buyers searching for promising alternatives could discover BTCMTX interesting resulting from its novel options and enthusiastic presale response.

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