Livepeer / US Dollar Cryptocurrency Forecast
High volatility in Livepeer / US Dollar cryptocurrency price on Thursday which ended trading at $11.72
(Updated on Apr 18, 2024)
The Livepeer / US Dollar cryptocurrency price fell by -0.136% on the last day (Thursday, 18th Apr 2024) from $11.74 to $11.72. During the last trading day the cryptocurrency fluctuated 11.56% from a day low at $10.97 to a day high of $12.23. The price has fallen in 8 of the last 10 days and is down by -30.97% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -19 million shares and in total, 7 million shares were bought and sold for approximately $85.97 million.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 55.08% during the next 3 months and, with a 90% probability hold a price between $16.86 and $46.98 at the end of this 3-month period.
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LPTUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Livepeer / US Dollar cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.96 and $17.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -54.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Livepeer / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $10.43 and $10.36. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $10.36 may give a huge drop in the cryptocurrency price.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $1.27 between high and low, or 11.56%. For the last week, the cryptocurrency has had daily average volatility of 16.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LPTUSD) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Livepeer / US Dollar to open at $11.64, and during the day (based on 14 day Average True Range), to move between $9.75 and $13.70, which gives a possible trading interval of +/-$1.98 (+/-16.86%) up or down from last closing price. If Livepeer / US Dollar takes out the full calculated possible swing range there will be an estimated 33.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.43 (11.04%) than the resistance at $13.64 (16.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Livepeer / US Dollar cryptocurrency A Buy?
The Livepeer / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Livepeer / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -2.967 Sell Candidate Unchanged
Predicted Opening Price for Livepeer / US Dollar of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $11.64 ( 0.705%) | $11.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LPTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.91 | 10.11 % | |
| R2 | 12.42 | 5.98 % | ||
| R1 | 12.13 | 3.43 % | ||
| Current price: | 11.72 | |||
| Support | S1 | 11.16 | -4.84 % | |
| S2 | 10.86 | -7.39 % | ||
| S3 | 10.37 | -11.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.44 | 23.17 % | |
| R2 | 13.66 | 16.51 % | ||
| R1 | 13.64 | 16.34 % | ||
| Current price | 11.72 | |||
| Support | S1 | 10.43 | -11.04% | |
| S2 | 10.36 | -11.64% | ||
| S3 | 0 | . |
FAQ
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