Livepeer Gained 145.01% in Last Month and is Predicted to Reach $23.70 By Feb 22, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Livepeer is up 26.62% today against the US Dollar
• LPT/BTC increased by 28.64% today
• LPT/ETH increased by 26.78% today
• Livepeer is currently trading 23.26% below our prediction on Feb 22, 2024
• Livepeer gained 145.01% in the last month and is up 97.53% since 1 year ago

LPT price is expected to rise by 25.14% in the next 5 days according to our Livepeer price prediction

is trading at $ 18.19 after gaining 26.62% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 52.16% in the same time period. LPT performed well against BTC today and recorded a 28.64% gain against the world’s largest cryptocurrency.

According to our Livepeer price prediction, LPT is expected to reach a price of $ 23.70 by Feb 22, 2024. This would represent a 25.14% price increase for LPT in the next 5 days.

LPT Price Prediction Chart

Buy/Sell Livepeer

What has been going on with Livepeer in the last 30 days

Livepeer has been displaying a positive trend recently, as the coin gained 145.01% in the last 30-days. The medium-term trend for Livepeer has been bullish, with LPT increasing by 159.76% in the last 3 months. The long-term picture for Livepeer has been positive, as LPT is currently displaying a 97.53% 1-year price change. On this day last year, LPT was trading at $ 9.21.

Livepeer reached its all-time high price on Nov 09, 2021, when the price of LPT peaked at $ 99.97. The current LPT cycle high is $ 20.06, while the cycle low is at $ 3.24. LPT has been displaying high volatility recently – the 1-month volatility of the coin is at 11.95. Livepeer recorded 15 green days in the last 30 days.

Livepeer technical analysis for today – Feb 17, 2024

The sentiment in the Livepeer markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 10.16, $ 5.86 and $ 3.61, while $ 16.72, $ 18.97 and $ 23.27 are the key resistance levels.

Bullish sentiment for Livepeer

29 indicators are currently signaling a bullish prediction for Livepeer, while 5 indicators are showing a bearish forecast. With 85% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Livepeer.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 76 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Livepeer moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Livepeer is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Livepeer is at 90.39, suggesting that LPT is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Livepeer over the last 50 days. Currently, Livepeer is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the LPT closing price for the last 200 days. LPT is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Livepeer prediction

After considering the above factors, we can conclude that the current forecast for Livepeer price prediction is Bullish. LPT would have to increase by 25.14% to hit our $ 23.70 target within the next five days. Moving forward, it will be important to monitor the LPT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Livepeer price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.