Amid mixed signals in the crypto market, Livepeer (LPT) shows positive dynamics, increasing by 4% over the past day.
Overview of the Crypto Market
The crypto market continues to fluctuate with a neutral sentiment observed across assets. Currently, major assets such as Bitcoin (BTC) and Ethereum (ETH) trade at $107.4K and $2.4K respectively, while altcoins showcase mixed results.
Livepeer (LPT) Performance
Livepeer started the day with a slight dip, hitting a daily low of $5.51. However, a sudden shift in direction saw the price rise to around $6.57. As of now, LPT is trading around $5.80, with a market cap of $242 million. LPT’s trading volume surged by 462%, reaching $158 million.
Livepeer Metrics Analysis
The Moving Average Convergence Divergence (MACD) chart indicates the line is above zero, suggesting upward momentum. The daily Relative Strength Index (RSI) at 49.50 reflects a neutral state for the asset. In addition, the Bull Bear Power (BBP) value of 0.034 signals mild bullish pressure in the market.
Livepeer demonstrates potential for growth due to increased trading volumes and positive technical signals, even as the market remains under mixed sentiments.
