Current price $LPT /USDT – $7.35, with an increase of 9% over the past 24 hours. Livepeer shows bullish momentum, supported by increased trading volumes and interest in decentralized media solutions. On the daily chart, the price is consolidating near resistance at $7.50, forming a bullish pattern 'falling wedge.' RSI (50) is in the neutral zone, indicating a lack of overbought conditions, which leaves room for growth. However, the 200-day moving average ($8.20) could become a barrier.
Bullish scenario: A breakout above $LPT $7.50 confirms the continuation of growth. Entry points: $7.55–$7.70. TP1: $8.50, TP2: $10. SL: $6.80. Recommended risk: 2–3% of the deposit. When reaching $8, move SL to breakeven.
Bearish scenario: A break of support $LPT $6.80 signals a correction. Short entry: $6.70–$6.50. TP1: $5.80, TP2: $4.90. SL: $7.20. Risk: 2% of the deposit, SL to breakeven at $6.20.
Analytics: Volumes are increasing, but Bitcoin dominance may pressure altcoins. Keep an eye on news regarding Livepeer's integration into media. Share your predictions in the comments! Subscribe not to miss quality analytics and new trading ideas! 🚀
