Livepeer (LPT) has experienced a significant downturn, shedding over 29% in the past 24 hours. The cryptocurrency is currently trading at around $9. Following a recent surge of over 65% in the last seven days, LPT has seen a sharp decline due to broader market pressure, with Bitcoin’s price dropping towards $103.8K. Meanwhile, other major cryptocurrencies have lost momentum and entered the red zone. Livepeer’s losses come as it marks a significant shift from its high of $13.35 earlier in the day. 24-hour trading volume has surged by over 10.96%, reaching $2.89 billion, with market capitalization currently at $386 million. The article delves into the factors contributing to Livepeer’s recent price correction and explores potential future directions for the asset based on technical indicators.