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Livepeer (LPT): How Does the Chart Look Saturday?

Saturday, February 12, 2022 06:04 AM | InvestorsObserver Analysts
Livepeer (LPT): How Does the Chart Look Saturday?

Livepeer receives a weak long-term technical score of 14 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. LPT currently holds a superior long-term technical analysis score than 14% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 14
InvestorsObserver is giving Livepeer a 14 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Livepeer!

Trading Analysis

LPT is currently -$11.4100000 (-28.19%) below its 100-day moving average price of $40.470000000 with its current price of $29.060000000. Meanwhile, Livepeer is $27.9800000 (1659.03%) above its 52-week low price of $1.090000000 and -$71.18000000 (19.02%) below its 52-week high of $100.240000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 14. Trends for the long-term trading history of Livepeer suggest that traders are currently bearish on the token. Livepeer currently has a total market cap of $615,126,336.84 to go along with its average daily volume of $385,836,664.33 worth of the currency over the past seven days. LPT's volume is below its seven day average as of the past 24 hours, with 57,198,304.33 exchanged in that period.

Summary

Technical analysis of Livepeer over the past year results in the crypto receiving a a weak long-term technical score of 14 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on Livepeer (LPT).

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