- The LPT token price breaks above the 55-EMA during intraday.
- The 24-hour trading volume is at $730 million.
- LPT /BTC pair is trading positive by 99.7% at 0.00112902 BTC.
Source: LPT/USDT on TradingView
Moving Average (EMA) In the LPT token daily price chart containing 8,13,21,55 EMA, it is a reliable support for currency price movements. Investors can find that price moves above the yellow line and guarantee an uptrend for Livepeer as long as prices are above the moving average.
The volume (2.054 M) is close to the 20-day moving average (423.936 K). The volume is high, so the cost is moving upside. Investors may also notice an increment in volume. This indicates that unusual changes are normal on the following trading days.
LPT Token Price Shows No Signs on Stepping Down
Source: LPT/USDT on TradingView
The daily price chart of LPT token is on the rise. Depending on the price movement, the support range is between $25. Hence the token has given a parabolic move resistance level cant be predicted in the current scenario.
The RSI showed a signal of 88 (Overbought) with a short-term buy forecast. Investors may find that the indicator’s RSI line is sloping upwards. A fall can happen on future trading days.
The MACD shows a (bullish) cross above the signal line on November 01, indicating a buy signal for the currency. In addition, investors can see massive green bars in the histogram indicator.
Conclusion
Livepeer is currently trading at $76.96 on a 24-hour trading volume of $730,095,904. LPT prices have increased 106.1% in the past 24 hours. It has a working capital of 24 million LPT and a total inventory of 24.4 million.
RSI and MACD indicate a buy signal. Traders have directed high volume. In fact, the cost is gradually moving towards the resistance zone. A market overview also shows that this pattern will continue to surge in the coming trading days.
Support Level: $25