Livepeer (LPT) Price Prediction 2024-2030: Will LPT Price Hit $50 Soon?

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Livepeer (LPT) Price Prediction
  • LPT’s 2024 forecast sees it potentially peaking at $28.19.
  • Livepeer’s price could hit $45.62 in 2025, with steady growth expected.
  • By 2040, LPT might reach an impressive high of $14,228.

Livepeer (LPT) emerged in 2017 as a decentralized video streaming network built on the Ethereum blockchain, aiming to disrupt the traditional broadcasting industry. By leveraging blockchain technology, Livepeer enables users to transcode video content in a cost-effective and scalable manner, addressing the high costs associated with existing cloud-based solutions. 

The platform’s native token, LPT, plays a crucial role in the network’s economy, incentivizing participants to contribute their computational resources for video processing tasks. Token holders can stake their LPT tokens to secure the network and earn rewards. 

Additionally, Livepeer’s unique approach to video processing allows it to handle a wide range of use cases, from live streaming to video on demand, catering to various industries including entertainment, gaming, and education. 

LPT has experienced market fluctuations typical of the crypto landscape but remains a key player in the decentralized video space. Additionally, Livepeer continues to expand its capabilities and ecosystem, focusing on enhancements that improve the efficiency and usability of its services. 

Livepeer (LPT) Real Time Market Status

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What is Livepeer (LPT)?

Livepeer (LPT) is an innovative open-source platform designed to provide decentralized video transcoding services, leveraging blockchain technology to enhance efficiency and cost-effectiveness in streaming video. Livepeer aims to revolutionize the video streaming industry by offering scalable and secure infrastructure that reduces the high costs associated with traditional video streaming. 

Developers can use Livepeer to build video applications with improved reliability and performance, benefitting from the decentralized nature of the network.

The platform utilizes the Ethereum blockchain, ensuring transparency and security for transactions and operations within the ecosystem. Livepeer’s native token, LPT, is crucial for maintaining network integrity and incentivizing participation. 

Livepeer’s approach to video processing caters to various industries, including entertainment, gaming, and education, by decentralizing video infrastructure, reducing costs, and empowering content creators and developers.

Livepeer (LPT) Market Status

Livepeer (LPT) is experiencing notable market activity. As of the latest data, the price of LPT has increased by 10.66% in the last 24 hours. This surge in price is mirrored by an increase in market capitalization, which has risen by 10.76% to approximately $793 million. This places Livepeer at the 95th position in terms of market cap rankings, highlighting its growing presence in the cryptocurrency market.

The trading volume for Livepeer has increased by 138.59% over the past 24 hours, reaching around $144.6 million. This surge in trading volume indicates a heightened level of investor interest and activity, which could be attributed to recent developments or market sentiment shifts surrounding the token.

The circulating supply of LPT remains constant at 32,755,406 tokens, matching the total supply. This suggests that all issued LPT are currently in circulation, which can have implications for price volatility due to the fixed supply.

Furthermore, the volume/market cap ratio stands at 17.87%, a relatively high figure that suggests liquidity is good and the market is active. This level of activity often attracts more traders and investors, potentially leading to more dynamic price movements.

Overall, Livepeer’s current market status showcases a robust and active trading environment, with significant capital inflow and investor interest. 

Livepeer (LPT) Price Analysis: Awesome Oscillator (AO)

The Awesome Oscillator (AO) indicator on the 4-hour chart of Livepeer (LPT) against the U.S. Dollar (USD) on Kraken shows a bullish momentum shift. The AO, which measures market momentum by comparing the 34-period and 5-period simple moving averages of the median price, is currently in the green, indicating increasing bullish momentum.

In the chart, the AO histogram transitioned from negative to positive, starting from a low of approximately -2.0 on June 11th to a current high of 1.95. This change suggests a significant shift in market sentiment from bearish to bullish over the observed period. The histogram bars have consistently grown taller, which reinforces the ongoing bullish trend.

LPT/USD 4-Hr Chart (Source: TradingView)

The price movement corroborates this bullish momentum, with LPT rising from a low of around $19 on June 11th to the current level of $24.86. This price increase, alongside the positive AO values, indicates strengthening bullish momentum, suggesting potential further upside in the short term.

Livepeer (LPT) Price Analysis: Relative Strength Index (RSI)

The Relative Strength Index (RSI) for Livepeer (LPT) on a 4-hour chart is currently at 56.70, indicating a neutral momentum in the market. The RSI is a popular momentum oscillator used to gauge the speed and change of price movements. Generally, an RSI value over 70 is considered overbought, while a value under 30 is viewed as oversold.

In this 4-hr chart, the RSI has been fluctuating within a moderate range, not crossing into overbought or oversold territories, which suggests a balanced condition between buyers and sellers. This stabilization in the RSI value, especially in the range of the mid-50s, points towards a stable buying activity without pressure that would push the market into an overbought state.

LPT/USD 4-Hr Chart (Source: TradingView)

The recent trend shows the RSI climbing slightly from a lower level around 50.72 up to 56.70. This gradual increase reflects a strengthening in buying momentum, though it remains in a safe range that doesn’t yet indicate an imminent reversal or extreme market activity. Investors and traders might consider this a period of consolidation or potential preparation for a directional movement, depending on other market factors.

Livepeer (LPT) Price Analysis: Moving Average Convergence Divergence (MACD)

Additionally, the MACD (Moving Average Convergence Divergence) indicator for Livepeer (LPT) on the 4-hour chart presents a positive outlook. The MACD line, calculated as the difference between the 12-period and 26-period exponential moving averages (EMA), is at 0.19, while the signal line, which is the 9-period EMA of the MACD, is currently at 0.33. This configuration suggests bullish momentum as the MACD line has risen above its recent lows, moving closer to the signal line.

LPT/USD 4-Hr Chart (Source: TradingView)

The histogram, which represents the difference between the MACD line and the signal line, shows a value of 0.53, indicating a decrease in negative momentum and a potential for increasing positive momentum as the histogram bars move from negative to positive territory. This shift is a bullish signal, often interpreted by traders as a potential for future price increases if the trend continues.

This positive divergence in the MACD from recent activity, when the indicator was much lower, suggests that buying pressure is increasing. If sustained, this could potentially lead to further upward movements in price. 

Livepeer (LPT) Price Prediction 2024-2030

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
2024$23.29$25.08$28.19
2025$38.37$39.73$45.62
2026$57.26$58.85$67.13
2027$80.71$83.06$99.18
2028$113.90$117.22$137.56
2029$164.48$170.34$193.84
2030$231.27$238.08$285.91
2032$518.25$532.77$633.49
2040$11,751$12,408$14,228

Livepeer (LPT) Price Prediction 2024

Based on an in-depth technical analysis of past Livepeer (LPT) price data, the forecast for 2024 predicts that the minimum price of Livepeer could be approximately $23.29. The maximum price is expected to reach around $28.19, with an average trading value of $25.08 throughout the year.

Livepeer (LPT) Price Prediction – Resistance and Support Levels

The Livepeer (LPT) chart shows a descending triangle pattern with a key support level at $18.50 and resistance levels at $24.50, with the next resistance at around $26.50. Conversely, a breakout above $24.50 could test the $26.50 resistance, potentially signaling a bullish trend if breached.

LPT/USD 4-hour price chart (source: TradingView)

Analysis from the Coin Edition, however, shows that should the LPT price fail to sustain above these resistance points, it may retrace toward the established support, indicating a bearish turnover.

Livepeer (LPT) Price Prediction 2025

In 2025, the predicted minimum price for Livepeer will be around $38.37. The maximum price is anticipated to reach up to $45.62, with an average trading price of $39.73 throughout the year.

Livepeer (LPT) Price Prediction 2026

In 2026, the expected minimum price of one Livepeer (LPT) is projected to be $57.26. The price could peak at a maximum of $67.13, with an average value of $58.85 throughout the year.

Livepeer (LPT) Price Prediction 2027

In 2027, it is forecasted that the minimum price of Livepeer will be approximately $80.71. The maximum price is expected to reach up to $99.18, with an average trading price of $83.06 throughout the year.

Livepeer (LPT) Price Prediction 2028

According to forecasts and technical analysis, the price of Livepeer is expected to reach a minimum of $113.90 in 2028. The maximum price could rise to $137.56, with an average value throughout the year of $117.22.

Livepeer (LPT) Price Prediction 2029

Based on forecast data and technical analysis, the price of Livepeer is expected to reach a minimum of $164.48 in 2029. The maximum price is projected to climb to $193.84, with an average trading price of $170.34 throughout the year.

Livepeer (LPT) Price Prediction 2030

According to projections, the price of Livepeer is anticipated to achieve a minimum of $231.27 in 2030. The maximum price is expected to reach up to $285.91, with an average price of $238.08 throughout the year.

Livepeer (LPT) Price Prediction 2032

In 2032, the price of Livepeer is expected to reach a minimum of $518.25. Based on our analysis, the maximum price could rise to $633.49, with an average price of $532.77 throughout the year.

Livepeer (LPT) Price Prediction 2040

According to projections and technical analysis, the price of Livepeer in 2040 is expected to have a minimum value of $11,751. The maximum price could go up to $14,228, with an average throughout the year of $12,408.

FAQs

What is Livepeer (LPT)?

Livepeer (LPT) is a decentralized video streaming network on Ethereum that reduces costs by distributing video encoding across its network.

How do you buy (LPT)?

To buy Livepeer (LPT), create an account on a cryptocurrency exchange that lists LPT, such as Coinbase or Binance. Deposit funds, navigate to the LPT trading pair, and execute your purchase.

Is LPT a good investment?

Coin Edition predicts that LPT tokens could reach a high of $285.91 by 2030. Given its reliance on technological advancements, investors are advised to invest cautiously and closely monitor developments to mitigate risks.

What is LPT’s all-time high?

Livepeer’s (LPT) all-time high is $100.24, reached on November 9, 2021.

Will LPT reach $100?

The Livepeer (LPT) is predicted to exceed $100 by 2028.

What is the circulating supply of LPT?

As of the latest data, the circulating supply of Livepeer (LPT) is approximately 32,755,406 LPT tokens.

Will LPT surpass its current ATH?

Our analysis suggests that the Livepeer (LPT) could continue to rise, surpassing ATH by 2028.

What is the lowest price of LPT?

The lowest price of Livepeer (LPT) was approximately $0.4206, recorded on March 13, 2020.

Who is the founder of LPT?

Livepeer (LPT) was founded by Doug Petkanics and Eric Tang.

Which year was LPT launched?

Livepeer (LPT) was launched in 2017.

How do I store LPT?

Store Livepeer (LPT) in a hardware wallet like Ledger for maximum security, or use software wallets such as MetaMask and Trust Wallet for convenience. Exchange wallets are less secure but convenient for trading.

What will the price of LPT be in 2024?

The price of LPT is forecasted to hit the $28.19 zone in 2024.

What will the price of LPT be in 2025?

There is a possibility of LPT reaching a maximum value of $45.62 by 2025.

What will the price of LPT be in 2026?

By 2026, LPT’s valuation might ascend to a peak of $67.13.

What will the price of LPT be in 2027?

Looking ahead to 2027, LPT is expected to achieve a maximum valuation of up to $99.18.

What will the price of LPT be in 2028?

Our analysis projects that in 2028, the price of LPT could reach a maximum of $137.56.

What will the price of LPT be in 2029?

Forecasts indicate that by 2029, LPT could have a maximum price point of $193.84.

What will the price of LPT be in 2030?

Looking towards 2030, our analysis suggests the maximum value of the LPT token ascends to $285.91.

What will the price of LPT be in 2040?

It is projected that LPT’s maximum valuation will hit an apex price of $14,228 by 2040.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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