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Livepeer (LPT) 4-hour chart analysis:
LPT has shown strong bullish momentum, currently trading around $12.21 after touching an intraday high of $13.49 (up from a low of $5.29).
Key technical insights:
50-period moving average is trending upwards, confirming short-term bullish trend.
RSI is at 85.71, signaling overbought conditions, so a short-term correction is possible.
Support levels: $10.91 and $9.38.
Resistance levels: $12.10 to $12.45.
Overall, sentiment remains bullish, but traders should stay alert for short-term pullbacks before the next move up.
#LPT# #Livepeer# #TechnicalAnalysis# #TradingSignals#