$LPT (Livepeer) is showing a strong upward trend. The price has bounced from the support of $6.56 and remains above $7.20, indicating significant buying interest.

Market momentum suggests a possible breakout above $7.40, with targets at $7.60, $8.00, and $8.40.

What is Livepeer ($LPT)?

Livepeer is a decentralized video network built on the Ethereum blockchain. Its goal is to provide a scalable and low-cost video infrastructure solution for developers, businesses, and anyone who wants to stream content.

Instead of relying on centralized services like YouTube or Twitch for video processing and delivery, Livepeer allows users with extra computing power to offer their resources for video encoding. In return, these users are rewarded with $LPT tokens.