LPT Price Prediction for 1st June: Massive Breakout Sets Tone for High Volatility

After weeks of range-bound movement, the LPT price has experienced a steep upward surge, shifting sentiment across the broader altcoin market. Livepeer (LPT) is now trading near $11.77, up more than 110% in less than 48 hours. With such a rapid rise, traders are asking: Why is LPT price going up, and is this rally sustainable into June?

What’s Happening With LPT’s Price?

The LPT price action over the past 48 hours reflects a clear breakout from a multi-week symmetrical triangle visible on both 4-hour and daily charts. The breakout above the $6.50–$7.00 resistance zone coincided with high volume, triggering a vertical move that touched an intraday high of $14.32 before pulling back slightly.

Current price levels are consolidating just under $12.00, suggesting that profit-taking is underway after the parabolic move. However, the underlying structure remains bullish as long as LPT holds above the $10.00 psychological mark. Short-term support is now established at $10.40, while immediate resistance lies at $13.70 and the major resistance at $16.00.

Momentum Indicators Reflect Overheated Yet Constructive Setup

On the 30-minute timeframe, RSI has cooled down from overbought territory and now hovers around 52.15, allowing room for a potential second leg higher. The MACD line is below the signal line, which indicates bearish momentum. But the histogram shows declining bearish momentum, suggesting the possibility of a bullish crossover.

Stochastic RSI has flipped upward again after a brief reset, with values now nearing the midline. Meanwhile, the Chande Momentum Oscillator remains negative at -18.32 but is recovering from oversold levels, indicating neutral short-term momentum. These mixed readings suggest that price may oscillate within a tight band before a clearer direction emerges.

Ichimoku and Bollinger Bands Hint at Price Compression

Ichimoku Cloud analysis on the 30-minute chart shows price stabilizing just above the cloud, with the baseline (Kijun-sen) at $11.29 and the leading span A trending upward. This suggests underlying bullish strength is still present, even if temporarily paused.

Bollinger Bands are starting to narrow on the lower timeframes after the explosive volatility. The mid-band near $10.40 is a key level to watch, and any retest that holds could reinitiate upward movement. Traders should also note that the price remains well above the 200 EMA, reinforcing the breakout’s strength.

LPT Price Update: Short-Term Trend Still Bullish

Zooming out to the daily chart, LPT price spikes have brought the asset back into a prior resistance zone from early this year. The long-term downtrend appears to have been decisively broken, with a higher high now confirmed. However, a healthy pullback or sideways consolidation is expected before any extension toward the next major target at $16.70.

The key question now revolves around LPT price volatility—can bulls sustain momentum without a significant correction? As of now, short-term price structure remains intact above $10.00, and bulls may attempt another push toward the $13.50–$14.00 zone if momentum revives.

Forecast Outlook for 1st June and Beyond

Barring a strong rejection from the $13.70 level, LPT could remain in a consolidation phase for the first week of June. Any confirmed break above $14.50 would expose the $16.00–$17.00 range, whereas a fall below $10.00 could reintroduce weakness toward $8.40.

Technical Forecast Table for 1st June

LPT price has staged one of the most notable breakouts among altcoins this week. While near-term volatility may shake out weak hands, the structure favors higher levels as long as momentum doesn’t completely fade. Traders should watch closely how the price reacts around $12.00 and $13.70—any clean break could mark the beginning of another surge.