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

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

Livepeer Prediction Statistics Information:

Livepeer worth 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

Help ranges: $5.5, $5.0, $4.5

LPT/USD is trying to cross above the higher boundary of the channel whereas the $7.0 degree stays the closest help the place the worth might maintain. Nevertheless, since a number 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 keeping with the each day chart, the Livepeer worth could start to rise and will in all probability cross above the channel if the bulls improve the stress. 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.

Nevertheless, 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 transferring common continues to be hovering above the 21-day transferring common, suggesting extra bullish alerts.

LPT/BTC Might 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 prone to begin a brand new pattern.

Nonetheless, if the consumers might push the coin above the higher boundary of the channel, larger resistance may very well be situated at 2400 SAT and above. Due to this fact, if the bulls improve the stress, this will point out that consumers are prone 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 degree may very well be situated at 1600 SAT and under.

Livepeer Alternate options

Trying on the each day chart, the Livepeer worth stays resilient at $7.16. In the meantime, there’s a chance that elevated testing of the $7.0 help degree might result in a draw back break. Nevertheless, merchants needs to be watchful, as a breach of this degree might consequence within the worth falling, which might 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 could 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 function. This token has gained over $4 million in its ongoing presale, signaling optimistic market reception. Buyers searching for promising alternatives could discover BTCMTX interesting as a consequence of its novel options and enthusiastic presale response.

New Crypto Mining Platform – Bitcoin Minetrix

Audited By Coinsult
Decentralized, Safe Cloud Mining
Earn Free Bitcoin Every day
Native Token On Presale Now – BTCMTX
Staking Rewards – Over 100% APY