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
…The post LPT Price Prediction for 1st June: Massive Breakout Sets Tone for High Volatility appeared first on Coin Edition.
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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
…The post LPT Price Prediction for 1st June: Massive Breakout Sets Tone for High Volatility appeared first on Coin Edition.
Read More
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