Livepeer Price Prediction – Will LPT Price Hit $80 Soon?

This Livepeer (LPT) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our LPT Price Analysis and prediction.

The crypto industry continues to grow. Many crypto projects pursue improvements to their technologies to stay competitive. Moreover, Livepeer continues to be one of the most active tokens in the crypto space. In the past few months, LPT has built strong partnerships and projects in the crypto industry. LPT investors had their investment value increased by 41.5% in the past one year.

Now that we already know some of Livepeer’s achievements in the past months, would LPT be a profitable investment in 2022? Let’s find out in this CoinQuora Livepeer (LPT) Price Analysis and Price Prediction. But before that, let us first know what is Livepeer (LPT).

What Is Livepeer (LPT)?

Livepeer is an open-sourced protocol, which means that developers can freely contribute to the underlying code on GitHub. Livepeer Inc is the legal entity behind the Livepeer platform. Livepeer Inc was founded by Doug Petkanics and Eric Tang.

It was launched in 2017, and Livepeer is the first live video streaming network protocol that is fully decentralized. The platform aims to become a viable blockchain-based, economically efficient alternative to centralized broadcasting solutions for all new and existing broadcaster companies.

Now that we already know what is Livepeer, let us proceed to our LPT price analysis.

Livepeer (LPT) Current Market Status

As of the time of writing this Livepeer (LPT) price analysis, LPT trades at $24.77 with a 24-hour trading volume of $23,426,049. The price of Livepeer has increased by 4.65% in the last 24 hours.

Furthermore, Livepeer has a current circulating supply of 21,164,655.33 LPT. Currently, the top cryptocurrency exchanges for Livepeer are Binance, Kucoin, Gate.io, Kraken, Gemini, and others.

Now, let’s proceed to the next part of this Livepeer (LPT) technical analysis for 2022.

Livepeer (LPT) Price Analysis 2022

Currently, Livepeer (LPT) holds 115th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the Livepeer platform help the cryptocurrency price to reach higher? Let’s proceed to the charts in this LPT price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for LPT/USDT, it could be seen that the recent reversal, might continue since the last candlestick is moving towards the second part of the channel from the bottom. This shows that the present uptrend in the price of Livepeer will be sustained for some days before any reversal would be expected.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of 1-day chart is 50.82.  This shows that Livepeer is showing a strong trend since it is between 50 and 70. This value is triggering a bullish run already since it seems that more buyers are repositioning as the value is moving towards the 70 RSI value which is the overbought region.

The 200-MA is above the 100-MA in the LPT/USDT 1day chart above. The gap between the two moving averages is small, which means that the present long-term yield for Livepeer (LPT) will be low.

Livepeer (LPT) Price Prediction

The chart below shows that Livepeer (LPT) has performed better the past few days. However, the LPT price has increased by 2.7% in the last seven days. If this trend continues, LPT might run along with the bulls, breaking its $35.10 resistance1 level and going higher $77.86, the 2022 bullish signal.

Conversely, if the investors turn against the crypto, the bears might take over and pull Livepeer (LPT) down from its recent gains. In simpler terms, the price of LPT might decrease to almost $11.20, a bearish signal.

Meanwhile, our long-term Hoge Finance price prediction for 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $100.24 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.

Livepeer (LPT) Price Prediction 2022

If this bullish trend continues, Livepeer (LPT) will reach $77.86 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $35.10. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $80 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Livepeer (LPT) Price Prediction 2023

If LPT holds an RSI above 50 by the end of 2022, buyers will then have ample time and stability to forge the next attack mission on the vital level at $140, making it not plummet but play consistently.

Livepeer (LPT) Price Prediction 2024

If there will be more upgrades and developments in 2024, the Livepeer (LPT) price predictions and project forecasts may change. Moreover, these may boost the price of LPT. We can say that the price can still go bullish and spike up to around $200.

Livepeer (LPT) Price Prediction 2025

In the next four years, Livepeer prices could rise up to $400. However, reaching this level could not be so difficult for LPT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that LPT has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

Livepeer (LPT) Price Prediction 2026

By 2026, the price of Livepeer (LPT) might reach $1000 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.

Conclusion

Livepeer has a bright future ahead of it in 2022. With the ongoing developments happening within the Livepeer ecosystem, as well as in the overall crypto market, we may see LPT reach new heights.

Bullish LPT price prediction 2022 is $77.86. As said above, it may even reach $80 if investors have decided that LPT is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.