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 secure and efficient content delivery. By leveraging the power of peer-to-peer networking, Livepeer enables content creators to monetize their videos through a token-based economy, providing them with greater control over their content and revenue streams. Through its innovative use of blockchain technology, Livepeer is poised to revolutionize the way video content is distributed and monetized online.
Livepeer Price Overview:
As of October 02, 2023, Livepeer is trading at approximately 6.61 USDT. Let’s dive into the detailed price action for LPT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 6.68 |
| High (H) | 6.73 |
| Low (L) | 6.39 |
| Close (C) | 6.61 |
| Volume (C) | 1,671,049.03 |
- Open (O): The opening price for today’s trading session was approximately 6.68 USDT.
- High (H): Livepeer reached a daily high of around 6.73 USDT.
- Low (L): The daily low for LPT-USDT was approximately 6.39 USDT.
- Close (C): At the time of analysis, Livepeer is trading near its daily close of 6.61 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.05% |
| 3D Change (%) | 18.88% |
| 7D Change (%) | 19.53% |
| 30D Change (%) | -3.22% |
| 90D Change (%) | 41.24% |
| YTD Change (%) | 45.59% |
Over the past three days, LPTUSDT has risen by approximately 18.88%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 19.53%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LPTUSDT maintaining a downward trend of approximately -3.22%, despite intermittent fluctuations. Examining the last 90 days, LPTUSDT has witnessed substantial increase of approximately 41.24%, reflecting strong long-term confidence. Year-to-date, LPTUSDT has steadily appreciated by around 45.59%, 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 0.95614.
- Momentum score is -0.03221.
LPT USDT Technical Analysis
Livepeer Trading Volume:
The trading volume for Livepeer (LPT) over the past 24 hours has been significant, with approximately 1,671,049.03 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 neutral zone, around 54.65727. This suggests that Livepeer is in range-bound 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 neutral RSI and significant trading volume are neutral signals for potential sideways movement.
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.
