Livepeer (LPT), with a low crypto market cap, became the highest riser of the day with its strong rise.
While the cryptocurrency market continues to remain calm, crypto projects with low market capitalization continue to rise. In this situation, which is reflected as an intermediate rise, the inflow of money into different cryptocurrencies continues. Short-term fluctuations on the rise and fall bring a question mark in the direction of the market.
Livepeer, which has a low market value, also marked the day with an increase of more than 50 percent.
Livepeer took flight!
Livepeer (LPT), with a market capitalization of approximately $150 million, has left its mark on the crypto market with more than 50 percent rise. The reasons behind the rise became a matter of curiosity.
In recent days, many altcoins have been showing bullish and bearish movements in the crypto market. Although Bitcoin continues its movement in the uncertain region, independent rises continue to come in altcoins. In the past days, sharp rises have been experienced on the YGG and API3 sides, and crypto investors have turned to cryptocurrencies with low market capitalization. Today, there was a big rise on the LPT side.
LPT broke the resistance levels with the buying pressure and made an increase. LPT, which moved at the level of 4 dollars around 06:00 in the morning, is now based on 6 dollars.
Although LPT shows a return to its level in April, it is expected that this increase is artificial and a decrease may be experienced as a correction. However, LPT is showing activity as if it will dominate the market for a while with the signals it gives on the buy side.
If LPT continues to rise, the next stop is expected to be at $7. However, if there is a drop, LPT price is expected to target the $4.85 side due to the pressure on taking profits.
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