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The Livepeer price rose 17% in the last 24 hours to trade at $24.37 as of 03:34 a.m. EST on trading volume that skyrocketed 117% to $139 million.
That made LPT the top gainer among the biggest 100 cryptos by market capitalization, according to CoinMarketCap.
Livepeer Price Aiming For A Breakout Above The Consolidation Channel
The Livepeer price has been on a steady rise since May, rising through a markup phase as it soared to the resistance around $24.48, data from GeckoTerminal shows.
LPT has been unable to soar over the resistance level, with the token consolidating between the $24.48 and $20.32 levels. With the Livepeer price crossing above the upper boundary of the channel, the bulls could sustain the bullish stance.
LPT trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the strong bullish momentum.
Moreover, the Relative Strength Index (RSI) trades above the 50-midline level at 58, which shows that LPT is set to soar over the consolidation channel as it comes out of equilibrium.
The Moving Average Convergence Divergence (MACD) also shows signs of the toke soaring above the channel, as the MACD line (blue) crosses above the signal line (orange), a representation of a bullish crossover.
Livepeer Price Prediction
The Livepeer price analysis on the 4-hour chart shows that LPT bulls aim to push the token over the consolidation channel, currently targeting the next resistance zone at $27.50.
However, if the bears win the struggle for dominance within the consolidation channel, LPT may drop back to below the channel at $18.80.
Meanwhile, as the Livepeer bulls gear up for a bullish rally, other investors are piling into $99BTC, a Bitcoin derivative that has already raised more than $2.1 million.
99Bitcoins Presale Surges Past $2.1 Million – Best Crypto To Buy Now?
99Bitcoins (99BTC) is a long-established educational platform with over 2 million registered users for its courses.
The platform is set to launch a decentralized platform that aims to empower users to delve deeper into the world of crypto while allowing them to earn tokens through crypto education.
It uses a friendly approach that utilizes interactive videos to simplify learning.
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— 99Bitcoins (@99BitcoinsHQ) April 8, 2024
By completing lessons and overcoming challenges, users can climb the ranks of the leaderboard and earn rewards in the form of $99BTC tokens.
99Bitcoins also merges with BRC-20, which makes it easy for developers to create dApps on the Bitcoin network.
Introducing $99BTC on BRC-20! 🎓
Since 2013, #99Bitcoins has been the go-to resource for learning about #Cryptocurrency.
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— 99Bitcoins (@99BitcoinsHQ) April 30, 2024
Token holders can also stake $99BTC for an annual percentage yield (APY) of 779%.
Jacob Bury, a prominent crypto analyst on YouTube, says that 99Bitcoins has the potential to soar 10X after launch.
You can buy $99BTC tokens for $0.00109 each. With a price hike coming in less than five days, buy soon to lock in the best deal.
To join the presale, buy $99BTC from the official website here using ETH, USDT, or a bank card.
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