In this Livepeer technical analysis, we will examine the current price action, trading volume, key levels and indicators for LPT-BTC. Livepeer (LPT) is a decentralized video streaming platform that leverages blockchain technology to provide users with secure, transparent, and high-quality video content. The platform utilizes a novel consensus algorithm called “Proof of Transmission” to incentivize nodes to relay video streams, ensuring that videos are delivered efficiently and reliably. By using Livepeer, content creators can monetize their videos directly through the platform, cutting out intermediaries and increasing their earning potential.
Livepeer Price Overview:
As of July 08, 2024, Livepeer is trading at approximately 0.00024 BTC. Let’s dive into the detailed price action for LPT-BTC:
Metric | Value |
---|---|
Open (O) | 0.00023 |
High (H) | 0.00025 |
Low (L) | 0.00022 |
Close (C) | 0.00024 |
Volume (C) | 8,619.99 |
- Open (O): The opening price for today’s trading session was approximately 0.00023 BTC.
- High (H): Livepeer reached a daily high of around 0.00025 BTC.
- Low (L): The daily low for LPT-BTC was approximately 0.00022 BTC.
- Close (C): At the time of analysis, Livepeer is trading near its daily close of 0.00024 BTC.
Metric | Value |
---|---|
1D Change (%) | 2.81% |
3D Change (%) | 10.52% |
7D Change (%) | -9.11% |
30D Change (%) | -28.42% |
90D Change (%) | 1.58% |
YTD Change (%) | 26.46% |
Over the past three days, LPTBTC has experienced a significant increase of approximately 10.52%, indicating heightened market volatility. In contrast, its performance over the last week was marked by a decline of around -9.11%, suggesting a decrease in investor interest. A 30-day analysis provides a more comprehensive view, revealing a downward trend of approximately -28.42%. However, examining the last 90 days, LPTBTC has demonstrated a substantial increase of around 1.58%, reflecting strong long-term confidence. Year-to-date, LPTBTC has steadily appreciated by approximately 26.46%.
Livepeer Live Chart:
You can access a live price chart for LPT-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.76057.
- Momentum score is -0.22386.
LPT BTC Technical Analysis
Livepeer Trading Volume:
The trading volume for Livepeer (LPT) over the past 24 hours has been significant, with approximately 8,619.99 BTC traded against LPT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): LPT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Livepeer is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for LPT-BTC is currently in the low zone, around 44.28628. This suggests that Livepeer is in bearish territory.
Analysis from TradingView:
Our Key Takeaways: Livepeer’s (LPT-BTC) short-term momentum appears to be trending bearishly, with key support and resistance levels drawing attention from traders and investors. It’s crucial to monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Furthermore, the low RSI reading and significant trading volume are warning signs indicating a possible downward trajectory.
Anticipate potential setbacks for Livepeer (LPTBTC) at 2.38e-04 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.
Take your understanding to the next level with our extensive analysis of LPT USDT Livepeer Technical Analysis; if you enjoyed this post, you’re in for a treat!
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.