LPT USDT Livepeer Technical Analysis

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By Frans van Elst

Livepeer logo 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 26, 2024, Livepeer is trading at approximately 22.414 USDT. Let’s dive into the detailed price action for LPT-USDT:

Unlock potential gains in Livepeer (LPTUSDT) at 22.41 USDT with bullish technical analysis, showcasing robust support and encouraging indicators.

Metric Value
Open (O) 22.453
High (H) 23.549
Low (L) 22.3
Close (C) 22.414
Volume (C) 529,044.15
  • Open (O): The opening price for today’s trading session was approximately 22.453 USDT.
  • High (H): Livepeer reached a daily high of around 23.549 USDT.
  • Low (L): The daily low for LPT-USDT was approximately 22.3 USDT.
  • Close (C): At the time of analysis, Livepeer is trading near its daily close of 22.414 USDT.
Metric Value
1D Change (%) -0.16%
3D Change (%) -2.09%
7D Change (%) 19.05%
30D Change (%) 59.53%
90D Change (%) 55.74%
YTD Change (%) 181.94%

Over the past three days, LPTUSDT has declined by approximately -2.09%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 19.05%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LPTUSDT maintaining an upward trend of approximately 59.53%, despite intermittent fluctuations. Examining the last 90 days, LPTUSDT has witnessed substantial rise of approximately 55.74%, reflecting strong long-term confidence. Year-to-date, LPTUSDT has steadily increased by around 181.94%, 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 1.24532.
  • Momentum score is 0.49.

LPT USDT Technical Analysis

Livepeer Trading Volume:

The trading volume for Livepeer (LPT) over the past 24 hours has been insignificant, with approximately 529,044.15 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 60.64667. 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.

Unlock potential gains in Livepeer (LPTUSDT) at 22.41 USDT with bullish technical analysis, showcasing robust support and encouraging indicators.

Explore more with our thorough insights on LPT BTC Livepeer Technical Analysis — an essential read if you enjoyed the content of this post.

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.

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