Livepeer Price Surges: LPT/USD Heading Above $9.0 Level!
• Livepeer (LPT) is expected to set a bullish run in the market if additional resistance levels are gained
• If the lower boundary breaks, LPT may slide back to $6.27 and $6.0 support levels
• When compared with Bitcoin, buyers are stepping back into the market as it shows promising signs
Livepeer Price Prediction Update
The Livepeer price prediction shows that LPT could set a bullish run if the market gains additional resistance levels. The coin is trading within a positive movement at the time of writing above the 9-day and 21-day moving averages.
Resistance and Support Levels
The LPT/USD Market has key resistance levels at $11.0, $12.0, and $13.0 respectively. In addition, there are support levels at $4.0, $3.0, and $2.0 respectively should it break below the 9-day and 21-day moving averages
Livepeer Price Movement
If the lower boundary breaks again, traders can expect a bearish continuation towards the long-term support levels of $4.0, $3.0, and $2.0 respectively. On the other hand, if price keeps respecting the upward movement then traders can expect a bullish continuation towards resistance level of $9.5 level or higher resistance level of 4000 SAT and 4700 SAT respectively when compared with Bitcoin
As per market analysis, any break below 9-day and 21-day moving averages could play out for this market if bears step into the market while buyers stepping back into this market as it shows promising signs which could make higher highs should it keep on moving above 9-day and 21-day moving averages
In conclusion , Livepeer (LPT) is beginning to maintain a bullish movement within channel so traders can expect price to continue rising as soon as bulls put more pressure on this market .Any break below 9 – day &21 – day moving average will lead to violent break below lower boundary of channel .