Will LPT Coin Price Reach to $4.53 at end of September?

• Liverpeer coin price has decline by 4.78% in the last 24 hours.
• The price has given the breakdown of the current support and is reflecting bearish sentiment.
• The coin price is currently trading at $5.57.

The Liverpeer (LPT) token was launched in 2017. It aims to be a viable blockchain-based, economically efficient alternative to a centralized broadcasting solution provider. It is the first live video streaming network protocol that is fully decentralized

LTP Coin Technical Analysis

LTP is trading volume with a of $28,464,734 which is down by 0.35% in the last 24 hours. The coin has a market capitalization of $162,371,510. The coin has traded with an average volume of 593.17K in the last 10 days. The circulating supply of Liverpeer is around 21,164,655 LPT tokens.

In the last 15 days, the price has continued its fall and has declined by 27.35%. After 9 days of sustaining above $5.60, the price seems to give the breakdown of the $5.60 level. If today’s candle closes below the $5.60 level and sustains below it in the upcoming trading session. We could see a fall in price till the $4.53 support zone as the first target and then to the $3.70 support zone as the second target.

However, for the price to be in bullish sentiment it must close above and reclaim the $5.60 level. Then only the price may rise to $7.95 resistance.

Technical Indicators on Current Trend

The LPT coin price is trading below the 50 and 200 ema. The price has also taken resistance from the 200 ema and is forming a red candle indicating a seller’s pressure over the price.

The relative strength index is at 39.87. The RSI line is in bearish territory and is sloping in the downward direction. This indicates that the price is in bearish sentiment and downward sloping RSI shows room for the downward direction for the price to fall.

The long/short ratio of the LPT indicates the short position is placed more than the long position in the last 24 hours. Indicating the bear market in the upcoming trading sessions.

The Techincal indicators are pointing towards the fall in price at the time of writing.

Conclusion

The overall chart of the LPT coin is bearish. The price has recently given the breakdown of $5.60 support. The price could be seen falling to its two support mentioned above. However, for price to be in bullish sentiment it must have to reclaim the $5.60 support. The technical indicators mentioned above for coin analysis are pointing towards a bear market.

Technical levels

Resistance Levels: $5.60 and $7.59.

Support Levels: $4.53 and $3.70.

Disclaimer

The views and opinions stated by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.