After weeks of range-bound movement, the LPT price has experienced a steep upward surge, shifting sentiment across the broader altcoin market. Livepeer (LPT) is now trading near $11.77, up more than 110% in less than 48 hours. With such a rapid rise, traders are asking: Why is LPT price going up, and is this rally sustainable into June? What’s Happening With LPT’s Price? Livepeer price forecast (Source: TradingView) The LPT price action over the past 48 hours reflects a clear breakout from a multi-week symmetrical triangle visible on both 4-hour and daily charts. The breakout above the $6.50–$7.00 resistance zone coincided with high volume, triggering a vertical move that touched an intraday high of $14.32 before pulling back slightly. Current price levels are consolidating just under $12.00, suggesting that profit-taking is underway after the parabolic move. However, the underlying structure remains bullish as long as LPT holds above the $10.00 psychological mark. Short-term support is now established at $10.40, while immediate resistance lies at $13.70 and the major resistance at $16.00. Momentum Indicators Reflect Overheated Yet Constructive Setup Livepeer price forecast (Source: TradingView) On the 30-minute timeframe, RSI has cooled down from overbought territory and now hovers around 52.15, allowing room for a potential second leg higher. The MACD line is below the signal line, which indicates bearish momentum. But the histogram shows declining bearish momentum, suggesting the possibility of a bullish crossover. Livepeer price forecast (Source: TradingView) Stochastic RSI has flipped upward again after a brief reset, with values now nearing the midline. Meanwhile, the Chande Momentum Oscillator remains negative at -18.32 but is recovering from oversold levels, indicating neutral short-term momentum. These mixed readings suggest that price may oscillate within a tight band before a clearer direction emerges. Ichimoku and Bollinger Bands Hint at Price Compression Livepeer price forecast (Source: TradingView) Ichimoku Cloud analysis on the 30-minute chart shows price stabilizing just above the cloud, with the baseline (Kijun-sen) at $11.29 and the leading span A trending upward. This suggests underlying bullish strength is still present, even if temporarily paused. Livepeer price forecast (Source: TradingView) Bollinger Bands are starting to narrow on the lower timeframes after the explosive volatility. The mid-band near $10.40 is a key level to watch, and any retest that holds could reinitiate upward movement. Traders should also note that the price remains well above the 200 EMA, reinforcing the breakout’s strength. LPT Price Update: Short-Term Trend Still Bullish Livepeer price forecast (Source: TradingView) Zooming out to the daily chart, LPT price spikes have brought the asset back into a prior resistance zone from early this year. The long-term downtrend appears to have been decisively broken, with a higher high now confirmed. However, a healthy pullback or sideways consolidation is expected before any extension toward the next major target at $16.70. The key question now revolves around LPT price volatility—can bulls sustain momentum without a significant correction? As of now, short-term price structure remains intact above $10.00, and bulls may attempt another push toward the $13.50–$14.00 zone if momentum revives. Forecast Outlook for 1st June and Beyond Livepeer price forecast (Source: TradingView) Barring a strong rejection from the $13.70 level, LPT could remain in a consolidation phase for the first week of June. Any confirmed break above $14.50 would expose the $16.00–$17.00 range, whereas a fall below $10.00 could reintroduce weakness toward $8.40. Technical Forecast Table for 1st June Indicator / Level Observation/Value Bias Notes Current Price $11.77 – As of the last 4H candle close Short-Term Resistance $12.90 – $13.77 Bearish Key supply zone from recent price spike Immediate Support $10.40 – $10.00 Neutral Minor cushion; price tested this on pullback Trendline Support $6.67 (daily rising base) Strong Bullish Long-term ascending support intact RSI (30-min) 52.15 Neutral Cooling off after an overbought surge MACD (30-min) Bearish crossover, -0.12 Bearish Histogram in red; downward momentum increasing Bollinger Bands (4H) $7.53 (lower) – $12.90 (upper) Volatile Wideband spread confirms breakout volatility Ichimoku Cloud (30-min) Price inside the cloud Cautious Bullish Trend recovery is possible if the price sustains above $11.74 Chande Momentum (30-min) -18.32 Bearish Weak momentum, currently recovering Stoch RSI (30-min) 47.79 & 27.97 Bullish Cross Potential upside if the crossover sustains LPT price has staged one of the most notable breakouts among altcoins this week. While near-term volatility may shake out weak hands, the structure favors higher levels as long as momentum doesn’t completely fade. Traders should watch closely how the price reacts around $12.00 and $13.70—any clean break could mark the beginning of another surge. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.