Binance Backs Arbitrum & Other Cryptos: Prices To Rally?
Binance Expands Trading Options: Binance has announced new trading pairs for Arbitrum (ARB), Livepeer (LPT), and Ravencoin (RVN) along with bot services, set to launch on July 1, 2025. The new offerings include USDC pairings and automated trading functionalities.
Market Reactions: Following the announcement, Arbitrum's price surged by 37%, while Livepeer and Ravencoin experienced declines despite the new trading options, highlighting mixed market reactions to Binance's service additions.
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Technical Analysis for LPT
Technical Sentiment Analysis for Livepeer (LPT) As of , Livepeer (LPT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LPT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LPT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Livepeer (LPT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.036 | 1.531 | 2.044 | 2.539 | 3.052 | 3.547 | 4.06 |
| Fibonacci | 1.531 | 1.916 | 2.154 | 2.539 | 2.924 | 3.162 | 3.547 |
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