Livepeer (LPT) price surges 150% as it defies market downturn

• Livepeer price rose 150% to hit $14.15 on Friday, May 30, 2025.
• LPT defied downtrend for top coins such as Bitcoin that dipped to $105k.
• Other tokens such as Pocket Network, White Rock, and Numeraire also soared.

Livepeer is among the few altcoins to rip on Friday as the market witnessed another bout of sell-off trades that pushed Bitcoin to $105k.

The LPT token, native to the decentralized AI protocol Livepeer, spiked an impressive 150% to rank alongside the likes of Pocket Network, White Rock, and Numeraire as leading performers in the past 24 hours.

Why did Livepeer’s price skyrocket today?

Livepeer’s token had not crossed above $10 since dipping from above $15 in mid-May.

However, buoyed by a series of positive news, including the surge in Nvidia stock after positive earnings reports, it surged more than 150% to hit $14.15.

   

 

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The level marked Livepeer’s highest price since January.

Part of the rally ensued and gathered pace as the LPT community exploded in optimism on an announcement from Upbit, South Korea’s largest crypto exchange.

Listings on the Upbit exchange often catapult trading volumes upon listing of trading pairs. Livepeer experienced just that.

Upbit added KRW and USDT pairs.

According to data from CoinMarketCap, the daily volume for Livepeer rose a staggering 10,900% to hit $2.9 billion.

On May 27, 2025, crypto asset manager Grayscale introduced the Artificial Intelligence Crypto Sector, noting tokens in the segment had seen massive growth since the third quarter of 2023.

20 tokens in the sector have seen their combined market cap jump to $20 billion, up from a low of $4.5 billion in Q1, 2023.

Livepeer is one of the tokens to see such growth in the past year.

Bulls gain, but what’s next for LPT price?

The surge saw LPT rank among the biggest movers on the day. As noted, these numbers largely defied the trend across the crypto market, with trader James Wynn experiencing a liquidation of around $100 million, as BTC dropped more than 2% to lows of $105k.

If bulls break above $15, bullish continuation could see the price target of $20.

The next major resistance level could be the June 2024 supply wall around $25.

However, traders might want to be cautious as potential profit taking and broader market weakness could shift sentiment first.

Crypto analysts at CryptoQuant have noted as much, saying continued liquidations in the altcoin market are likely to continue outpacing Bitcoin.

“Altcoin liquidations have consistently surpassed Bitcoin’s, suggesting that excessive leverage in altcoins has been aggressively punished as prices continued to trend lower,” CryptoQuant posted on X.

If LPT price flips lower, key support levels will be $9.5 and then $5.3.

The post Livepeer (LPT) price surges 150% as it defies market downturn appeared first on CoinJournal.

Livepeer (LPT) price surges 150% as it defies market downturn

 

 

Source: https://coinjournal.net/news/livepeer-lpt-price-surges-150-as-it-defies-market-downturn/