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LPT Price Prediction for June 06 2025: Volatile Swing After Upbit Listing Fuels Uncertainty

Munene Timothy by Munene Timothy
June 5, 2025
in Market, News, Price Analysis
Reading Time: 4 mins read
LPT Price Prediction for June 06 2025 Volatile Swing After Upbit Listing Fuels Uncertainty
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  • LPT soared by 80% in 30 days after Upbit listing, but profit-taking pushed it down to $8.43 from highs above $15.
  • Whale exit of 526K LPT netted $2M profit, highlighting selling pressure and market reaction post price spike.
  • Despite retracement, technicals remain mixed with RSI at 55.72 and MACD indicating weak but ongoing bullish momentum.

Livepeer’s native token, LPT, saw sharp price movement following its recent listing on South Korea’s Upbit exchange. After trading range-bound for weeks, the token surged, climbing over 80% in the last 30 days. 

At press time on June 5, LPT was trading at $8.43, a 9.30% gain in the past 24 hours and over 50% in the past week. The listing on May 30 led to a spike in volume, pushing the price past $15 temporarily before a swift correction followed. 

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Listing Impact Leads to Short-Lived Rally

LPT’s listing on Upbit contributed majorly to the recent surge in trading activity. As often seen with new exchange listings, volume rose quickly, lifting prices. Livepeer crossed the $15 on high momentum but later dropped sharply to current levels around $8.43. 

According to on-chain data, volume now is at 3.94 million, indicating continued speculative interest despite the retracement. This correction, however, coincided with profit taking behaviors. To add, EmberCN reported that a whale redeemed 526,000 LPT. 

一个鲸鱼/机构在过去一个小时里,从 LPT 的 PoS 质押合约中赎回 52.6 万枚 LPT ($4.81M) 然后转进币安。

这些 LPT 是他在 2~4 月份时以 $5.9 的价格从币安提出并存入质押。
LPT 在最近一周时间里上涨了 55%,这应该是他选择将 LPT 赎回并转进 CEX 止盈的原因。预计实现盈利 $201 万。

地址链接🔗👉:… pic.twitter.com/op6nhppxay

— 余烬 (@EmberCN) June 5, 2025

This was worth $4.81 million from the staking contract and it was transferred to Binance. These tokens were initially withdrawn from Binance at $5.90 between February and April and staked. With LPT up 55% this week, the whale likely secured a $2.01 million gain through this exit.

Technical Indicators Show Mixed Momentum

Technically, the asset exited a long downtrend that began in January and bottomed near $3.50 by late May. Early June had a decisive breakout. The RSI is at 55.72, down from overbought levels above 70. 

Technical Indicators Show Mixed Momentum
LPT/USDT 1- day price chart, Source: TradingView

Its moving average, at 58.36, also suggests reduced bullish momentum. The MACD line at 1.001 remains above the signal line at 0.758, with a positive histogram of 0.243, indicating continued but weakening upside.

Current resistance is near $10.50, with stronger levels at $12.50 and $15.00. Support is at $8.00 and a broader zone between $6.50 and $7.00. A large red candle on the chart reflects volatility and short-term selling pressure.

Whale Activity, Profit Metrics and Market Outlook

Whale activity has intensified, with seven-day large transaction volume reaching $331.21 million. Netflows show a $1.17 million outflow, indicating a trend of profit-taking. LPT is highly concentrated among large holders, with 74% of tokens held by them. Meanwhile, 98% of current holders are in profit.

Whale Activity, Profit Metrics and Market Outlook
LPT holder chart, Source: IntoTheBlock

LPT shows a weak correlation with Bitcoin at -0.02, suggesting isolated movement. Almost all holders, 99%, have held their tokens for over a year. These signals indicate the likelihood of volatility continuing as profit realization influences short-term market behavior.

Potential Price Range for June 06, 2025

If the $8.00 level holds and bulls regain control, LPT may retest $9.80 to $10.20, with possible highs near $10.50. However, if the price dips below $8.00, downside targets include $7.20 and $6.80 amid sustained selling pressure.

LPT’s recent price surge started from the Upbit listing and rising speculative trades. Technical indicators show mixed momentum, with buyers and sellers actively repositioning. Whale movements, large transaction volumes, and profit-taking indicate the ongoing market volatility. Support near $8.00 is crucial in determining LPT’s short-term movement.

Tags: Altcoin NewsPrice AnalysisPrice prediction

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