Livepeer ($LPT) has recently shown noteworthy performance, currently trading around $3.18. From a technical perspective, the short-term (about one week) trend leans towards bullish.

For traders looking to participate, a conservative strategy is to build positions gradually within the $3.0-$3.2 range, especially when the price pulls back to a support level and stabilizes, adding to positions gradually. If you have a higher risk tolerance, you can also adopt an aggressive approach by chasing long positions upon a breakout above $3.4 accompanied by increased trading volume, which can better confirm whether a genuine strong breakout is forming.

From a medium-term perspective, two key support levels should be monitored. If the price falls below $2.9 or breaks the important support from early 2026, the trend may weaken; if it breaks the breakout level at $3.25, there is a risk of a false breakout.

As for target prices, the first phase target is in the $3.8-$4.0 range, where previous resistance at higher levels converges. Looking further ahead, $5.0 is a more significant psychological level and also a medium-term area of high trading volume, which could lead to strong selling pressure.