Livepeer (LPT) is currently trading at $2.66, reflecting a slight 24-hour increase of 0.98%. The daily trading range has been tight, with a high of $2.72 and a low of $2.54, indicating a relatively stable price over the last day despite overall bearish momentum in the past month.

Volume has reached approximately 13.79 million, representing 10.49% of its market cap, which suggests a healthy trading activity. However, the price has seen significant declines over the past week and month, with losses of 16.34% and 17.32% respectively, indicating a bearish trend that may be impacting investor sentiment.

Technical indicators present a mixed outlook: the short-term moving averages (8, 13, 21, and 55 SMA) show upward momentum, while the longer 144 SMA indicates a downtrend. The 1-hour RSI is at 48, suggesting a neutral position, while the 7-day RSI is lower at 43, hinting at oversold conditions.

Despite the recent positive movement, the longer-term trends are concerning, and the price remains significantly below its all-time high of $99.03 from November 2021. The lack of upward momentum in the RSI and the declining price changes over the past 30 days suggest that buyers may be hesitant to enter at current levels.

Given the technical indicators and the overall downward trend, the recommendation for Livepeer (LPT) is to Hold. The current price may not present a favorable entry point for new investments until clearer signs of reversal emerge.