Livepeer (LPT)
Livepeer is the first live video streaming network protocol that is fully decentralized. The platform, launched in 2017, is a video infrastructure network for live and on-demand streaming and aims to become a viable blockchain-based, economically efficient alternative to centralized broadcasting solutions.
Anyway, the LPT start was very good; a 5-waves upward rose more than 3000%. Then correction started, which were both deep and timely. After LPT broke the major downtrend line, the next upward phase started. Then, LPT went up, broke the first horizontal resistance area, reached the second one, but couldn't pass it, thus making a pullback. If LPT wants to go higher, it first has to break the second horizontal resistance area. Let's see what happens.
Anyway, the LPT start was very good; a 5-waves upward rose more than 3000%. Then correction started, which were both deep and timely. After LPT broke the major downtrend line, the next upward phase started. Then, LPT went up, broke the first horizontal resistance area, reached the second one, but couldn't pass it, thus making a pullback. If LPT wants to go higher, it first has to break the second horizontal resistance area. Let's see what happens.
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