๐ $LPT : Infrastructure Play Warming Up? ๐บ
Looking at the recent price action for Livepeer (LPT), we are seeing a classic consolidation phase after a period of high volatility. As one of the leading decentralized video infrastructure protocols, the chart suggests buyers are actively defending key support levels.
๐ Technical Breakdown:
Support Zone: Holding firm around the $2.90 โ $3.10 range. As long as we stay above this, the bullish structure remains intact.
Momentum: The RSI is hovering in the neutral zone, suggesting there is plenty of room for an upward move without being overbought.
The "AI Narrative": LPT continues to benefit from its association with the AI and Big Data sectors, often moving in tandem with decentralized compute trends.
๐ Upcoming Catalysts:
Keep an eye on the February 1st roadmap milestones, specifically the release of the simplified payments SDK. Easing developer friction is a major fundamental driver for long-term utility.
๐ก Traderโs Note: Volume is starting to pick up. A clean break above the immediate resistance could see us testing local highs quickly. Manage your risk and watch for the breakout confirmation!
Whatโs your move? Accumulating at these levels or waiting for a confirmed breakout? Let me know in the comments! ๐
#LPT #Livepeer #CryptoTrading #BinanceSquare #Altcoins $LPT LPT-USDT-spot
