Is the Hype Around LPT Over?

After a sharp rally that pushed Livepeer (LPT) to the $6.50 region, the token has pulled back to nearly $5.04, losing more than 15% in 24 hours. The correction follows an extended period of overbought conditions, raising questions about whether the recent hype around Livepeer is cooling off or simply taking a pause.

Livepeer remains a leading decentralized video streaming protocol that connects developers, broadcasters, and viewers in a fully onchain infrastructure. Yet, as broader market volatility picks up, the token is struggling to hold above key technical levels.

Key Takeaways

• LPT price fell 15.18% in 24 hours, retracing from $6.50 to $5.04 amid heavy profit-taking.
• RSI at 30.76 signals oversold conditions, hinting at a potential short-term rebound.
• MACD remains negative, showing continued bearish momentum.
• Bollinger Bands tighten around $5.10, suggesting a possible volatility contraction before the next move.
• Market cap stands at $232.85 million with trading volume of $146.55 million, reflecting sustained trader interest despite the drop.

What Is Livepeer (LPT)?

Launched in 2017, Livepeer is the first fully decentralized live video streaming network. It provides an open infrastructure for developers and broadcasters to transcode and distribute video streams efficiently using blockchain incentives.

The protocol aims to replace centralized streaming providers with a cost-effective, scalable alternative that rewards users through the LPT token. As the AI and DePIN narratives gained traction, Livepeer became a notable beneficiary earlier this year, leading to significant token price appreciation.

Read Also: Livepeer Soars After Strong Q3 Report

Market Overview: Decline After the Peak

LPT now trades around $5.04 with a market capitalization of $232.85 million and daily volume exceeding $146 million. This indicates that despite the correction, the token remains actively traded.

Community sentiment shows 85% bullish votes, reflecting long-term optimism, but short-term technicals are turning cautious. The coin’s inability to hold above the $6.00 mark has shifted focus to whether support near $5.00 can sustain the current downtrend.

Technical Analysis: LPT Price Momentum Weakens

The current Livepeer chart reveals a strong pullback after a breakout that peaked near $6.50.

Bollinger Bands (20,2)

The Bollinger Bands show the upper limit at 6.14 and the lower at 5.10. Price candles are pressing against the lower band, confirming downward pressure. If LPT fails to stabilize above 5.00, a slide toward 4.70 could follow. However, holding above 5.10 might trigger short-term recovery toward 5.80.

RSI (14)

The RSI at 30.76 sits deep in the oversold region. Historically, such readings often precede a rebound, though confirmation from volume and price stabilization is needed before any clear reversal signal can form.

MACD (12,26,9)

The MACD line at -0.1185 remains below the signal line at -0.0962, showing continued bearish sentiment. The histogram’s deepening red bars reinforce the weakness, but if the MACD starts flattening, a momentum shift may develop in the next few sessions.

Fundamental View: Why the Hype Cooled Down

The recent hype around Livepeer was fueled by the surge in AI and decentralized compute narratives. As an AI-integrated DePIN project, Livepeer positioned itself as part of the next wave of decentralized media infrastructure. However, like many sector tokens, it is now facing a healthy correction after rapid price appreciation.

With no major upcoming catalyst announced, traders are focusing on macro sentiment. Bitcoin’s cooling momentum and ETH consolidation have also led to lower speculative inflows into smaller-cap projects like LPT.

Despite the short-term decline, Livepeer continues to build its onchain video infrastructure, recently recording higher participation rates among node operators and developers.

Short-Term Forecast: Testing Support at $5.00

If selling continues, LPT may retest the psychological $5.00 level. This zone has served as historical support and could attract buyers seeking discount entries. Should it hold, the next targets lie near 5.60 and 6.10.

A close below 4.90, however, would confirm a breakdown, potentially extending the slide toward 4.50. Traders should also watch the RSI closely for any early signs of a rebound.

How to Buy LPT on Bitrue 

Buying LPT on Bitrue is straightforward and can be done on both the website and mobile app. Follow these steps to start trading LPT/USDT.

Read Also: How to Buy Livepeer (LPT)

Step 1: How to Buy LPT on Bitrue Website

1. Go to the Bitrue website.
2. Search for LPT/USDT.
3. Click the pair to access the trading interface.
4. Execute your trade securely.

Step 2: How to Buy LPT on Bitrue Application

1. Download or open the Bitrue App via Google Play or App Store.
2. Log in.
3. Search for LPT and select LPT/USDT.
4. Confirm and place your order.

Note: Always ensure you use the latest version of the Bitrue App for smooth performance.

Final Thoughts

The recent decline in Livepeer’s price marks a natural cooling phase after a strong rally. While technical indicators point to short-term weakness, the RSI’s oversold level suggests that a rebound may be forming if support near $5.00 holds.

Fundamentally, Livepeer remains one of the few blockchain projects tackling decentralized video streaming, and its long-term use case remains strong. For traders, patience and caution are key until bullish confirmation returns on higher volume.

Read Also: What Is LPT Coin from Livepeer and How It Powers AI Video?

FAQs

Why is Livepeer’s price down today?

Livepeer’s drop was mainly driven by profit-taking after its strong run above $6.50, combined with overall market cooling in mid-cap tokens.

Is Livepeer still a good investment?

Long-term fundamentals remain intact, but short-term momentum is bearish. Traders may consider waiting for confirmation of support around $5.00.

What indicators show bearish momentum?

The MACD is negative and RSI near 30 shows oversold conditions. Combined with tightening Bollinger Bands, it signals caution in the near term.

Could Livepeer rebound soon?

If RSI rebounds above 40 and price holds over $5.10, the token could recover toward $5.80 and $6.00 in the short term.

Where can I trade Livepeer?

LPT can be traded easily on Bitrue via both the website and mobile application.