Livepeer token, the native of Livepeer Network, has surged around 8.10% in the past 24 hours, reaching $8.25, and in the same time frame, its market cap reached $339.98 million with an uptick of 8.20%, and trading volume reached $1.1 billion with a surge of 568%.
According to data from CoinMarketCap, Livepeer prices saw a growth of 48.04%, and in the past 30-day time frame, a surge of 79.89%.
Source: CoinMarketCap
In the monthly frame, LPT token traded highest at $14.15 and lowest at $4.41, and in the 52-week time frame, it traded lowest at $3.30 and highest at $26.16.
A detailed overview of Livepeer prices
As per data from TradingView, the candles forming on June 05, 2025, have a large red body with an upper wick that gradually shows rejection from higher levels.
Source: TradingView
The current red candle shows strong selling pressure, suggesting distribution or correction post-pump; the slight bearishness has dragged the price below the 20-day exponential moving average.
In case of reversal, LPT prices are expected to meet a resistance of $10.5, followed by $12; yet its strongest support is at $8.00 and $6.35.
LPT token price has recently experienced a major volume-driven rally, but is now undergoing a volatile correction phase. If prices consolidate here, there are chances of declining selling volume with a possible rebound.
Currently, the technical indicators have reflected a mixed sentiment for LPT tokens with Relative Strength Index (46.6), Stochastic %K (19.1), Commodity Channel Index (-55.7), and average directional index (38.9) all determining a neutral signal.
Yet some short-term indicators show some bullish potential, the overall trend based on the moving average remains bearish.
Factors driving the price growth of Livepeer
One of the primary reasons that blew a bullish wind in Livepeer price is its listing on South Korea’s one of the biggest exchanges, Upbit.
And after the recent presidential election in the nation, a sudden shift towards crypto has been noted, with the pro-crypto leader appointed as the new president of SK.
Data available on CoinMarketCap states that LPT/USDT is the most traded pair of Livepeer to Binance, followed by LPT/TRY on the same exchange, and LPT/USD is traded most on Coinbase.
The pair LPT/KRW is listed on Upbit, and at press time, its total volume is $99,377,542.
GrayScale Investment recently added Livepeer to its Artificial Intelligence Crypto Sector Fund; in the third quarter of 2024, video transcoding usage on the Livepeer Network grew by 4%, with transcoding fees growing by 20%.
