Livepeer Consolidates at $6.32 as Accumulation Zone Holds Ahead of Breakout
Current Trading Status: Livepeer (LPT) is trading at $6.32, down 6.98%, within a consolidation range of $5.00 to $7.50, with strong support at $3.80 and declining trading volume indicating reduced market engagement.
Breakout Potential: A confirmed breakout above $8.50 could lead to significant price expansion targets of $22.14 and $64.67, suggesting a potential upside of over 1,119% from current levels as the market remains compressed.
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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 4 technical signals, shows that 1 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 | 1.154 | 1.591 | 2.048 | 2.485 | 2.942 | 3.379 | 3.836 |
| Fibonacci | 1.591 | 1.932 | 2.143 | 2.485 | 2.826 | 3.037 | 3.379 |
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