Cryptocurrency prices were mixed this week as a sense of optimism spread in the financial market. The biggest news during the week was that Bitcoin surged to a new record high as ETF inflows escalated. Other coins like Ethereum and Solana soared to their highest levels in years. This report provides forecasts of Alchemy Pay (ACH), Loopring (LRC), and Livepeer (LPT).
Alchemy Pay price forecast
Alchemy Pay’s ACH token had a great performance this week as it jumped to a high of $0.051, its highest level since February last year. This rally happened as the developers intensified their partnerships in a bid to grow the ecosystem.
The daily chart shows that the ACH price has been in a strong bull run in the past few months. It has jumped from last September’s low of $0.01280 to a high of $0.0151, which is a 282% increase.
ACH price has remained above all moving averages, which is a bullish sign. It also flipped the crucial resistance at $0.024, its highest point in November and December last year into a support point.
The MACD indicator, which is a measure of convergence and divergence, has pointed upwards. Therefore, the outlook for the Alchemy Pay token price is extremely bullish, with the next level to watch being at $0.055.
Loopring price prediction
Loopring is a leading platform that provides a trading platform for cryptocurrencies with significantly low transaction fees and fast speeds. Loopring is powered by the LRC token, which has surged this year.
The surge is mostly because of the broader cryptocurrency rally and the fact that the developers are working to improve the ecosystem. For example, they are working to make it a multi-network platform.
The LRC token has been in a strong bullish trend in the past few months. It recently crossed the important point at $0.3596, its highest level in December last year. Moving above that level was important since it invalidated a double-top pattern that was forming.
Loopring has remained above the 50-day and 100-day moving averages. The MACD has pointed upwards while the Average Directional Index (ADX) has jumped to 29.50, the highest point since January 21st.
Loopring will likely drop and retest the support at $0.4944 and then resume the bullish trend. If this happens, the token will jump to over $0.60.
Livepeer price forecast
Livepeer is a Web3 network for video creators. The network provides a decentralized protocol for the video industry. Like other cryptocurrencies, Livepeer’s LPT token made a strong bullish breakout this week as the rally intensified.
Livepeer has remained above the 50-day and 25-day moving averages. It has also constantly made higher highs and higher lows as demand for the token rose. Most recently, Livepeer token has flipped the important level at $22 (February 17th high) into a support.
The Average Directional Index (ADX) has jumped to over 40, signalling that the trend is strong. Therefore, the coin will likely continue rising as buyers target the next level at $30.
