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LPT/USD Continues Above the Nine-Day Moving Average

LPT/USD Continues Above the Nine-Day Moving Average

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Livepeer Price Analysis 10 Sep: LPT/USD Still Above 9-Day Moving Average

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Livepeer Price Analysis 10 Sep: LPT/USD Still Above 9-Day Moving Average

LPT/USD broke through the 9-day moving average yesterday after a bearish profit that brought the price slightly below the moving average. Late August to early September is characterized by an intense tug-of-war between the bulls and bears, but neither could take control of the market. The two forces were equal. By September 4th, buyers and sellers began to show strength as they broke through the volatile market price movement. And the bulls have pushed the price to the current price of $11.294100.

Livepeer market price statistics:

  • LPT/USD price now: $11.294100
  • LPT/USD market cap: $276,675,147
  • LPT/USD: 24,594,249.80
  • LPT/USD total supply: 25,866,594
  • LPT/USD Coin Market Rank: #117

Key levels

  • Resistance: $12.00000, $13.00000, $14.00000
  • Support: $9.81221, $8.182402, $7.474187

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Livepeer Market Price Analysis: An Indicators Perspective

The indecision of the market between the bears and the bulls, which took place from August 30 to September 3, was reflected in the RSI indicator. At that time, the RSI line and the Signal line move along (almost horizontally) while touching each other, until the two market players immediately started to put pressure on the price. The bullish recovery in moving average convergence and divergence appears to be strong, judging by today’s histogram behavior. The recovery from the bad sides upwards can be seen very quickly. Most likely, it could be the beginning of an uptrend.

Livepeer Price Analysis 10 Sep: LPT/USD Still Above 9-Day Moving Average

Livepeer: LPT/USD 4-hour chart view

A progressive trend can be seen in the moving average. In addition, the histograms depict strong bullish activity. Buyers are getting stronger. And it also seems that the sellers are losing steam.

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