Livepeer Price Prediction for Today, March 21: LPT/USD Targets $7.5 Level; Watch Out for the Next Move!
The Livepeer price prediction is likely to break above the $7.0 barrier as the coin faces the upper boundary of the channel.
Livepeer Price Statistics Data:
- Livepeer price now – $6.57
- Livepeer market cap – $179.1 million
- Livepeer circulating supply – 27.4 million
- Livepeer total supply – 27.4 billion
- Livepeer Coinmarketcap ranking – #170
LPT/USD Market
Key Levels:
Resistance levels: $9.0, $10.0, $11.0
Support levels: $4.0, $3.0, $2.0
LPT/USD is refreshing to a new high after touching the daily low of $6.10 to cross above $7.0 while currently trading at $6.57 with a bullish crossover above the 9-day and 21-day moving averages. On the other hand, the bulls may continue to increase the buying pressure if the market price remains above the moving averages but the bears may like to return to the market.
Livepeer Price Prediction: LPT Price Ready to Push Higher
The Livepeer price can only begin the uptrend if the current market movement maintains the movement above the moving averages. Currently, the technical indicator Relative Strength index (14) is crossing above the 50-level by sending bullish signals into the market which could encourage more buyers to enter the market. However, the Livepeer (LPT) may continue to face the upper boundary of the channel to gain additional bullish movements.
However, if the red line of the 9-day MA crosses above the green line of the 21-day MA, the coin may hit the resistance levels at $9.0, $10.0, and $11.0 respectively. In other words, if the Livepeer price decides to make a quick turn below the lower boundary of the channel, there could be a quick bearish drop which could roll the market back to the critical supports at $4.0, $3.0, and $2.0.
Against Bitcoin, the Livepeer (LPT) is likely to cross above the 9-day and 21-day moving averages as the price hovers at 2338 SAT. Meanwhile, the technical indicator Relative Strength Index (14) confirms the bullish movement as the signal line moves to cross above the 40-level. Moreover, for the fact that the 9-day MA remains below the 21-day MA, the market price may follow a downward movement.
Moreover, the daily chart reveals that the potential resistance level is located at 3800 SAT and above, but a lower sustainable move may likely cancel the bullish pattern and attract new sellers coming into the market with the next focus on the support level of 1000 SAT and below.
Alternatives to Livepeer
The Livepeer price is beginning to maintain a bullish movement within the channel and traders can expect the price to continue to rise as soon as the bulls put more pressure on the market. Moreover, if the price keeps respecting the upward movement, traders can then expect a bullish continuation toward the resistance level of $7.5. Nevertheless, Love Hate Inu is on the right part to becoming the fastest crypto project to raise the highest capital in the presale stage, which is usually a sign of a bullish asset as interested traders are therefore expected to participate in the sale where almost $2m has been achieved so far.
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