Deep Dive
1. Technical Correction (Bearish Impact)
Overview: LPT’s 7-day RSI hit 72.63, signaling overbought conditions that historically precede pullbacks. The price broke below the 30-day SMA ($3.11), accelerating sell-offs.
What this means: Traders likely locked in gains after a 12.61% 30-day rally, pushing prices toward the next key support at $3.00 (78.6% Fibonacci level). High RSI readings often trigger reversals, especially in low-volume environments.
2. Margin Trading Delisting (Bearish Impact)
Overview: KuCoin delisted LPT from cross-margin services on December 23, 2025, forcing position closures and restricting leveraged trading access.
What this means: This reduced market depth and amplified selling pressure, as traders holding margin positions were compelled to unwind. KuCoin’s global user base previously contributed significant LPT liquidity, and its absence exacerbates volatility.
3. Liquidity Crunch (Bearish Impact)
Overview: LPT’s 24h volume plummeted 46.8% to $135M, while turnover (volume/market cap) sits at 0.872, indicating thin order books.
What this means: Shallow markets magnify price swings, as modest sell orders encounter insufficient buy support. This metric worsened after KuCoin’s delisting, making LPT vulnerable to abrupt drops.
Conclusion
Livepeer’s drop stems from technical exhaustion and constrained liquidity, worsened by exchange-driven margin unwinds. While network fundamentals like QoQ fee growth (+76%) remain strong, short-term sentiment is pressured.
Key watch: Can LPT hold the $3.00 Fibonacci support to avoid a retest of the 200-day SMA ($4.92)?