Livepeer Price Prediction: LPT Set to Plunge 45%

An revolutionary platform constructed to make video streaming simple, Livepeer has been struggling its fair proportion of the unstable nature of cryptocurrency.

On August 13, the coin elevated by 48%, however the spike was short-lived because of low shopping for actions. As of 4:40 am EST, the Livepeer ($LPT) value is down by over 7% within the final 24 hours, buying and selling at $7.59.

May Livepeer ($LPT) Survive This Dip?

Whereas Livepeer token $LPT is down at this time, the 7-Day value efficiency is showcasing bullish motion as it’s up by greater than 30%. As well as, $LPT went up by 87% & 62% over the previous 14 and 30-day buying and selling classes.

This implies that there was a broader optimistic sentiment, indicating excessive shopping for energy within the asset within the longer timeframe and extra potential for development.

Livepeer ($LPT) Every day Chart

In keeping with the each day chart, the coin is buying and selling above the Bollinger Bands Indicator and increasing massively, suggesting that LPT’s value is rising and its swings are growing. 

This alerts bullish strong curiosity and in addition exhibits many patrons and optimistic momentum. This might preserve pushing the worth up for a short while. The mixture of buying and selling above the higher Bollinger Band and an increasing vary implies that the upward momentum would possibly proceed within the brief time period. 

Additionally, the Transferring Common Convergence Divergence (MACD) above its sign line suggests potential bullish momentum. This aligns with the coin’s above-Bollinger Bands scenario, indicating optimistic market sentiment and a potential continuation of upward motion.

Nevertheless, a Relative Power Index (RSI) worth of 70 signifies that the coin could be overbought. This might recommend that the latest value enhance has been strong and quick, doubtlessly resulting in a short-term correction or consolidation. 

Whereas the MACD and above-Bollinger Bands recommend bullish sentiment, the excessive RSI suggests warning, which could point out a potential reversal or pullback within the close to time period.

Nevertheless, merchants and traders ought to train warning, conduct thorough analysis, and take into account a mixture of technical and elementary elements when making choices.

Components Affecting the Value of LPT Token

The latest value drop of $LPT could be attributed to a notable distinction in brief and lengthy liquidation inside 24 hours. 

Quick liquidations, the place merchants shut their positions in anticipation of a falling value, have surpassed lengthy liquidations, the place merchants exit positions to keep away from losses in a rising market. 

This development means that extra merchants anticipated a decline, resulting in elevated promoting strain. The upper brief liquidation additionally signifies a prevailing bearish sentiment, reflecting considerations amongst merchants in regards to the asset’s fast future. 

Furthermore, the coin is witnessing diminished curiosity and engagement, which might intensify promoting strain and contribute to the coin’s decline in worth. 

May Wall Road Memes Explode 10X After Presale Raises $23.7 Million?

Following a formidable presale that secured a considerable $23.7 million, merchants and consultants have united to assist the Wall Road Memes cryptocurrency. They foresee potential will increase of tenfold or extra when it turns into obtainable for buying and selling on exchanges.

The presale began in late Might and is nearly finished. As extra individuals study it, there’s solely someday left till the worth goes up within the subsequent section. traders ought to go to the positioning to seize the cash at this cheaper price. 

High Analysts Are Backing This Coin

Since Wall Road Memes was launched, many main consultants have supported the coin, anticipating substantial earnings after it turns into obtainable on exchanges. A well known crypto predictor, No Bs Crypto, acknowledged for correct forecasts, just lately mentioned the Wall Road Memes Mission. Within the video, he emphasised that regardless of his typical lack of curiosity in meme cash, Wall Road Memes present appreciable promise.

Its present base of 1,000,000 followers and interactions with Elon Musk is a major attraction. As well as, well-known YouTuber Jacob Crypto Bury, who has been supporting Wall Road Memes from its early phases, forecasted returns of 10 instances the funding.

Wall Road Memes stands out by combining efficient long-term tokenomics with the attract of neighborhood incentives. The coin can be completely community-owned, distributing 50% of tokens in the course of the presale, 30% for neighborhood rewards, 10% to DEX liquidity, and 10% to CEX liquidity.

Measurement does not matter, proper? pic.twitter.com/o7cYgMruHU

— Wall Road Memes (@wallstmemes) August 13, 2023

The reward can be divided amongst 5 fortunate neighborhood individuals, every having the chance to win as much as seven instances by performing simple duties, corresponding to following the Wall Road Memes Twitter account.

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