Livepeer is the first fully decentralized live video streaming network protocol, intended to be a viable blockchain -based alternative to a centralized broadcast solution.
Launched in 2017 by Doug Petkanics and Eric Tang.
Livepeer is a unique project because it aims to revolutionize the broadcasting industry by harnessing the power of blockchain technology.
Recently, Livepeer was listed on Coinbase Pro which has attracted the attention of investors.
LPT is now available on Coinbase Pro. https://t.co/GHOp660vwj
- Livepeer (@LivepeerOrg) June 24, 2021
Looking at the LPT/USDT chart, the price movement can be seen to see a drastic decline at the opening of the market in June after being listed on the binance platform on 28 May 2021.
As a result, the crypto market, which has not yet fully recovered from the recent ‘market crash’ situation, has had an impact on the fall in prices, as have other cryptocurrencies.
From a technical point of view, the LPT price movement is trying to regain upward momentum with the resistance level around $ 21.00 being the next main focus to target.
If the price movement can pass the resistance level, the SBR (support become resistance) zone around the price of $ 23 will be the next focus to be tested before continuing higher.
However, if the LPT price returns to show a bearish pattern, the price is seen to test the support level around $ 18 again, either making a 'rebound' or recording the latest low level (ATL).
At the time of writing, LPT/USDT is trading at around $ 20.05 with a market value of over $ 424 million in the last 24 hours. Coins are currently ranked 107th in the crypto market.
