Ethereum

Liquity

<p>The Liquity price analysis is positive right now. Since it is currently trading at $1.80, the token price has significantly recovered, but how long the recovery will last will depend on the hours to come. The support present at $1.36 is pretty strong, On the other hand, the resistance present at $1.91 is also critical. However, the recent acceleration of bullish momentum is a very encouraging development.</p>



<p>The Liquity protocol, a decentralized platform for zero percent interest loans using ETH as collateral, is powered by the Ethereum token LQTY. LQTY holders can stake their token to earn a share of the fees collected by opening and closing loan transactions.</p>



<h3 id="lqty-usd-1-day-price-chart-bullish-momentum-accelerates-along-with-the-trading-volume">LQTY/USD 1-day price chart: Bullish momentum accelerates along with the trading volume</h3>



<p>The token is making a comeback today after a two-day fall, according to the 1-day price chart for Liquity price analysis, and is currently trading at $1.80 as of this writing. Due to the token&#8217;s slightly upward trend line from the previous week, its price has increased by more than 3.17 percent over the past 24 hours and by 1.22 percent over the past seven days. The trading volume for the last 24 hours is 19.425M, showing an increase of eight percent, which provides market dominance by 0.01 percent with a market capitalization of 167.425M.</p>



<figure class="wp-block-image size-large"><img width="1200" height="505" src="https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq1-1200x505.png" alt="liq1" class="wp-image-297504" srcset="https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq1-1200x505.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq1-300x126.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq1-768x323.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq1-24x10.png 24w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq1-36x15.png 36w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq1-48x20.png 48w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq1-150x63.png 150w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq1.png 1351w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption>LQTY/USD 24-hours price chart. Source: <a href="https://www.tradingview.com/symbols/LQTYUSD/" data-type="URL" data-id="https://www.tradingview.com/symbols/LQTYUSD/" target="_blank" rel="noopener">Tradingview</a></figcaption></figure>



<p>The volatility is increasing, and now the upper Bollinger band is present at $2.49, and the lower band is present at the $1.54 mark, acting as support for the token price function. The lower band shows more divergence, while the upper band is almost maintaining its position. The relative strength index (RSI) is still trading on the lower side in a neutral range at index 39 but on an upward slope, showing more buying in the market.</p>



<h3 id="liquity-price-analysis-recent-developments-and-further-technical-indications">Liquity price analysis: Recent developments and further technical indications</h3>



<p>The 4-hour price chart for Liquity price analysis shows that the token price is going up at a steady fast rate as the bullish trend accelerated during the last four hours after remaining sluggish at the start of the trading session. The price has increased tremendously and has reached $1.80 in a swift move.</p>



<figure class="wp-block-image size-large"><img loading="lazy" width="1200" height="505" src="https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq4-1200x505.png" alt="liq4" class="wp-image-297506" srcset="https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq4-1200x505.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq4-300x126.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq4-768x323.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq4-24x10.png 24w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq4-36x15.png 36w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq4-48x20.png 48w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq4-150x63.png 150w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/liq4.png 1350w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption>LQTY/USD 4-hours price chart. Source: <a href="https://www.tradingview.com/symbols/LQTYUSD/" data-type="URL" data-id="https://www.tradingview.com/symbols/LQTYUSD/" target="_blank" rel="noopener">Tradingview</a></figcaption></figure>



<p>The price is moving towards the mean average of the volatility indicator on the 4-hour chart, the upper band is present at $1.87 and the lower band is present at $1.75. However, the MA is trading below the mean average of the Bollinger bands, which is a bearish indicator. The RSI has reached index 49 on a steep upward curve, showing strong bullish behavior.</p>



<h3 id="liquity-price-analysis-conclusion">Liquity price analysis: Conclusion</h3>



<p>The Liquity price analysis suggests the price may go further up towards retesting the local resistance of $1.83. A break above is also possible if the bulls maintain their momentum. Traders can expect the <a href="https://www.cryptopolitan.com/liquity-price-prediction/" data-type="post" data-id="296770">token</a> to continue its upward movement for the next 24 hours.</p>

Liquity price analysis: LQTY at $1.80 as the token rushes once more in a positive rise

Tabla de contenidos

Cryptopolitan_News

Otros artículos publicados el 1 may 2023

Cyberattacks on the Rise: Could SelfKey be Your Defense?

Liechtenstein emerges as the latest crypto-forward nation

Poloniex Agrees to Pay $7.5M Fine For 65K Alleged OFAC Sanctions Violations

April Wrap-Up

Best 3 decentralized exchanges in Tezos

BTC’s Price Receives Correction; What to Expect in the Short-Term

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!