Livepeer Price Surge: LPT Gains 126% as Experts Suggest a 100X Possibility for Solana Layer 2, Approaching Listing
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🎉 Livepeer (LPT) skyrockets 126% in 24 hours to hit $12.57 as of 9:39 p.m. EST! 📈📈Trading volume has exploded 16,000% to $4.3 billion!
🔝 Livepeer Price Stays Bullish, Gearing Up for More Gains
📉 The LPT price on a daily chart indicates that it's been caught in a nice, tight falling channel pattern for several months. This suggests a period of correction.
🌟 But towards the end of May, Livepeer decisively busted out of this channel, reaching levels as high as $14.32 - that's close to a 100% increase in just a few days!
🚀 This breakout breached both the 50-day Simple Moving Average (SMA) at $5.37 and the 200-day SMA at $9.31, flipping them from resistance to possible support.
📊 The Relative Strength Index (RSI) is currently at 87.32, placing the price of LPT deep in overbought territory - which typically means a short-term pullback may be on the horizon.
📊 The Moving Average Convergence Divergence (MACD) indicator is also shouting "bullish," as the MACD line has crossed above the signal line.
📊 Remember, past performance is no guarantee of future results 😉
🚀 Livepeer Price Prediction
📊 According to the LPT analysis, we're seeing an intense bullish phase for Livepeer. If the breakout pattern holds, that could mean a potential move up to the $26.30 region - a whopping 108% increase from the current price!
📊 On the flipside, a short-term pullback could occur if the RSI kicks in. The 200-day SMA at $9.31 could serve as a possible support.
🌟 Solaxy (SOLX) Presale Heating Up
📊 Popular YouTube channel 99Bitcoins with over 723K subscribers believes this new Solana project could soar 100X post-launch!
📊 Solaxy's presale will close in around 16 days, with listings shortly thereafter. The project's innovative Layer 2 solution aims to bring faster, cheaper, and more reliable transactions to Solana's ecosystem by bundling transactions off-chain using roll-ups.
📊 The project's native token, SOLX, powers the network's transactions, governance, and staking. Investors can currently join the presale via the official Solaxy website using ETH, BNB, USDT, or cards. The SOLX token is priced at $0.00174.
📊 Listen up! Only about 16 days remain for investors to get on board one of the hottest presales of the year!
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- The latest updates on finance, lifestyle, and entertainment, including the skyrocketing Livepeer (LPT) and the heating up Solaxy (SOLX) presale, can be found on our Telegram channel.
- While Livepeer's price is currently in overbought territory, analysts predict a potential move up to the $26.30 region, indicating a bullish phase for this cryptocurrency. However, a short-term pullback could occur, with the 200-day SMA serving as a possible support.
- The upcoming presale for Solaxy's native token, SOLX, aims to bring faster, cheaper, and more reliable transactions to the Solana ecosystem. With only 16 days left for the presale, investors are encouraged to join via the official Solaxy website, using ETH, BNB, USDT, or cards.
