In this Livepeer technical analysis, we will examine the current price action, trading volume, key levels and indicators for LPT-USDT. Livepeer (LPT) is a decentralized video streaming platform that utilizes blockchain technology to provide a secure and transparent content delivery network. LPT enables content creators to monetize their videos directly through the platform, without relying on intermediaries. Additionally, Livepeer’s use of distributed computing and peer-to-peer networking ensures efficient and cost-effective video streaming for users.
Livepeer Price Overview:
As of May 11, 2024, Livepeer is trading at approximately 18.065 USDT. Let’s dive into the detailed price action for LPT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 16.89 |
| High (H) | 18.895 |
| Low (L) | 16.743 |
| Close (C) | 18.065 |
| Volume (C) | 1,147,806.05 |
- Open (O): The opening price for today’s trading session was approximately 16.89 USDT.
- High (H): Livepeer reached a daily high of around 18.895 USDT.
- Low (L): The daily low for LPT-USDT was approximately 16.743 USDT.
- Close (C): At the time of analysis, Livepeer is trading near its daily close of 18.065 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 6.97% |
| 3D Change (%) | 29.12% |
| 7D Change (%) | 32.27% |
| 30D Change (%) | 17.25% |
| 90D Change (%) | 144.12% |
| YTD Change (%) | 127.23% |
Over the past three days, LPTUSDT has increased by approximately 29.12%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 32.27%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LPTUSDT maintaining an upward trend of approximately 17.25%, despite intermittent fluctuations. Examining the last 90 days, LPTUSDT has witnessed substantial increase of approximately 144.12%, reflecting strong long-term confidence. Year-to-date, LPTUSDT has steadily appreciated by around 127.23%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Livepeer Live Chart:
You can access a live price chart for LPT-USDT 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 1.14199.
- Momentum score is 0.12526.
LPT USDT Technical Analysis
Livepeer Trading Volume:
The trading volume for Livepeer (LPT) over the past 24 hours has been insignificant, with approximately 1,147,806.05 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Livepeer is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for LPT-USDT is currently in the high zone, around 55.85267. This suggests that Livepeer is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Livepeer (LPT-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.
Clearly see Livepeer’s (LPTUSDT) bullish trend at 18.07 USDT through detailed technical analysis, highlighting strong support and promising indicators.
Dive into the details with our in-depth analysis on LPT BTC Livepeer Technical Analysis; you won’t want to miss it if you found this post interesting.
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.