Livepeer (LPT) is currently trading at approximately $8.97, reflecting a 0.124% increase from the previous close. The intraday high and low are $8.97 and $7.58, respectively.
Short-Term Trade Setup:
Entry Point: A potential long position could be considered if LPT closes above the $6.05 resistance level.
Take Profit (TP): Targeting around $7.00.
Stop Loss (SL): Below $5.35, as a break below this level may indicate further downside.
Medium-Term Outlook:
LPT has shown signs of a bullish reversal after a dip, with strong buying interest observed around the $10.90 support zone. If the price holds above this level, a move towards the recent high at $13.50 is possible.
Entry Range: $10.90 – $11.20
Take Profit Levels: $12.00, $12.90, and $13.50
Stop Loss: $10.25
Long-Term Forecast:
Analysts predict that LPT could reach between $10.19 and $18.97 by the end of 2025, depending on market conditions.
Risk Management Tips:
Avoid entering trades based solely on recent price surges; wait for confirmation signals.
Implement stop-loss orders to manage potential losses.
Consider taking partial profits at predetermined levels to secure gains.