At the time of writing, LPT is trading at $33.49, representing a 2.15 percent drop in the previous 24 hours.
During this time period, the low was about $32.66 and the high was around $35.97. According to the most recent coin market cap statistics, the coin ranks as high as 102nd due to its market cap. It’s on the watchlist of many traders.
LPT achieved an all-time high of $101 in November 2021, marking its all-time high. It currently has a daily volume of $72,138,270, a rise of almost 39 percent in the previous 24 hours. The overall supply of LPT is about 22.89 million, with a circulating supply of 21.16 million. LPT has a 0.04 percent market share.
OKX, Binance, and Mandala Exchange are the leading exchanges for trading it right now.
Technical Analysis – Liverpeer (LPT)
Moving to the technical side, and starting from the Weekly Time Frame, the price is very much still in a downtrend as its breaks structures to the downside. Now talking about the macro structure price is still bullish as price has just one macro structure so it doesn’t provide much data, so avoiding that and just checking the microstructure, the price is still in a downtrend. Now recently as a downtrend is formed by consecutive Lower Highs and Lower Lows, the price can be considered in making a Lower High. Right now only 2 options are available which are for the price to make a Lower Low or break structure to the upside, but as it’s ideal to go with the trend, so the possibility of price making a Lower Low is far more preferred. Recently price is within a weekly Order Block as well.
Moving down to the Daily Time Frame, the price is within a golden ratio of Fibo, and that is in confluence with an Order Block, so it’s very likely that price may fall. Moreover, the price is shown some great rejection from the zone so, by candlesticks understanding, this is very much a reversal confluence.
If the $39.48 level gets broken which is the last High, this whole scenario would get invalidated, while talking about the target, the level of $25.14 can be served as the TP1 while for TP2, the TP can stay open, as we never know where the next Lower Low may end.
Price Prediction – Liverpeer (LPT)
LPT has been one of the most strong and profitable currencies. People have benefited much as a result of this currency. Traders are quite positive about the project in the long run. LPT is an excellent investment, according to the wallet investor. In a year, the coin’s price is expected to reach $61.004. The price is predicted to rise roughly $178.624 in five years.
