Livepeer (LPT) Price Prediction 2023-2030: Will LPT Price Hit $10 Soon?

• Bullish Livepeer (LPT) price prediction ranges from $11 to $345.
• Analysis suggests that the LPT price might reach above $11.
• The LPT bearish market price prediction for 2023 is $3.5.

What is Livepeer (LPT)?

Livepeer is a video infrastructure platform that powers the next generation of live and on-demand video experiences. Built on Ethereum, Livepeer distinguishes itself from traditional video streaming services by not hosting, storing, or distributing video. Rather, Livepeer is building a technology that utilizes excess computing power to more efficiently share video from broadcasters to consumers.  Livepeer Inc was founded by Doug Petkanics and Eric Tang. 

The biggest cost that broadcasters bears is the process of transcoding where they convert the raw video playable from pocket-size smarts phones to huge billboard.  

Livepeer aims to bridge together the video transcoding market by giving broadcasters access to thousands of distributed processors, which allows app developers to create videos within a secure, efficient, and affordable architecture. 

Central to its ecosystem is the Livepeer Token (LPT) which is used to secure the Livepeer network and coordinate the work responsibilities of those supporting the video encoding process.

Livepeer (LPT) Market Overview

Livepeer Current Market Status

The maximum supply of Livepeer (LPT) is 28,733,303 LPT, while its circulating supply is 28,733,303 LPT, according to CoinMarketCap. At the time of writing, LPT is trading at $6.21 representing 24 hours decrease of 9.81%. The trading volume of LPT in the past 24 hours is $46,630,231 which represents a 0.59% decrease.

Some top cryptocurrency exchanges for trading are Gate.io, Poloniex, OKEx, and Sushiswap.

Now that you know Livepeer and its current market status, we shall discuss the price analysis of Livepeer (LPT) for 2023.

Livepeer (LPT) Price Analysis 2023

Will the LPT’s blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect LPT’s sentiment over time? Read more to find out about LPT’s 2023 price analysis.

Livepeer (LPT) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

Currently, the Bollinger bands are expanding, as such, there could be more volatility for LPT. LPT after rebounding off of the upper band is now nearing the Simple Moving Average. The selling pressure seems to be mounting for LPT, hence, there is a high chance that LPT could move towards the SMA and sometimes might even go to the lengths of touching the lower band. 

Since LPT has reached its bottom, it could be that the traders are buying the dip. This excitement could be the reflection of the expanding bands. Moreover, the Bollinger bandwidth percentile indicator has reached its maximum expansion, as such, there might be a contraction incoming for LPT in the near future.  However, that does not negate the fact that the expansion cannot continue for long.

Livepeer (LPT) Price Analysis – Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued. 

Currently, the RSI value for LPT reads a value of 56.99. The RSI went into the overbought territory and after some price correction, it’s in the healthy zone. However, the RSI has just crossed below the Signal line. This gives a bearish sentiment. 

When looking at the longer time frame, the RSI is at 54.47. Since it is neither in the overbought nor in the oversold region it could be considered that the trend is strong. However, the RSI is just about to cross below the Signal line. If the RSI crosses below the signal line then LPT would go bearish. However, that depends on whether the market deems the price correction as appropriate. 

The RSI could also be used for divergence. Usually, RSI imitates the price movement of the cryptocurrency. However, in the event, the RSI and cryptocurrency show contrasting differences, then, this could be a divergence.  

Livepeer (LPT) Price Analysis – Moving Average 

The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past. 

Moreover, the 50-Day EMA is considered the short-term length, and the 200-Day EMA is considered the long-term.  Whenever the 50-day EMA crosses the 200-dat EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross.

Currently, as the cryptocurrency is above the 200 and 50-day EMAs, LPT could be considered bullish. However, LPT is on its way down and it may seek the assistance of the 200-Day EMA. If the 200-Day EMA denies supporting LPT, then it may seek the assistance of the 50-day EMA. 

However, when closely considering we could see there seems to be the formation of a Golden Cross on the horizon for LPT. In the event that the 50-day EMA crosses the 200-day EMA from below, then LPT might surge drastically. Nonetheless, not every Golden Cross brings huge surges.  

Livepeer (LPT) Price Prediction 2023-2030 Overview

Livepeer (LPT) Price Prediction-2023

The chart above shows that LPT has been trading inside a bull flag since the beginning of 2023. It has been ricocheting off of both trend lines. Since LPT has just bounced off of the upper trend line, we could expect LPT to come to the lower trend line or the Support 1 line at $3.8. However, once LPT reaches the bottom trendline, there will be a lot of buyers competing to buy more LPT. 

When the demand for LPT increases then, then the price will shoot up. LPT might rise break above the upper trendline and reach Resistance 1 at $11.15. If Resistance 1 is breached, LPT will test Resistance 2 at $12.75. With more push from the bulls, Resistance 3 at $15.55 would be the next high branch to reach out for.     

Livepeer (LPT) Price Prediction – Resistance and Support Levels

The above shows how LPT was descending until the beginning of 2023. However, come 2023, it brought some momentum to LPT as its price started to rise. However, the rise was only short-lived, it lasted for just about a month and a half. After that LPT has been descending along the 2:1 Gann fan line. Currently, after rebounding off of its support LPT is descending along the 3:1 Gann line. 

Livepeer (LPT) Price Prediction 2024 

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for RUNE based on the previous halving. Hence, we could expect RUNE to trade at a price, not below $15 by the end of 2024.

Livepeer (LPT) Price Prediction 2025

RUNE  may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, RUNE  will continue to rise in 2025 forming new resistance levels. It is expected that RUNE  would trade beyond the $73 level.

Livepeer (LPT) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, RUNE  could tumble into its support regions. During this period of price correction, RUNE  could lose momentum and be way below its 2025 price. As such it could be trading at $30 by 2026. 

Livepeer (LPT) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in RUNE. As such we could expect RUNE  to trade at around $40 by the end of 2027. 

Livepeer (LPT) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, RUNE  may reciprocate its past behavior during the BTC halving. Hence, RUNE  would be trading at $53 after experiencing a considerable surge by the end of 2028. 

Livepeer (LPT) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment, RUNE  could be trading at $115 by the end of 2029.

Livepeer (LPT) Price Prediction 2030

After witnessing a bullish run in the market, RUNE  and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, RUNE  could be trading at $98.

Livepeer (LPT) Price Prediction 2040

The long-term forecast for RUNE  indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then RUNE  could fall in value. It is expected that the average price of RUNE  could reach $225 by 2040.

Livepeer (LPT) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted my most people during the 2050s, we will see the masses believe more in it. As such LPT could reach $345. 

Conclusion

If investors continue showing their interest in LPT and add these tokens to their portfolio, it could continue to rise. LPT’s bullish price prediction shows that it could reach the $11.15 level. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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