Litecoin/Tether (LTCUSDT) Market Overview: 24-Hour Technical Breakdown

• Price action shows a bullish reversal in the final 6 hours of the 24-hour period.
• Momentum strengthened as RSI rose above 50 and volume surged.
• Key resistance appeared near 114.7–114.9, with a decisive break at 115.0 in the afternoon.
• Volatility expanded significantly in the last 9 hours, reflected in widening Bollinger Bands.
• Turnover increased by over 4x in the final 3-hour block, aligning with price breakout.

Litecoin/Tether (LTCUSDT) opened at $114.58 on 2025-09-20 at 12:00 ET and closed at $115.40 by 12:00 ET on 2025-09-21. The 24-hour period saw a high of $116.27 and a low of $113.61. Total volume traded was 91,572.78 LTC and total turnover (notional value) amounted to approximately $10.3 million.

Structure & Formations

The price action displayed multiple key turning points. A bearish reversal pattern (engulfing) formed at 114.29, followed by a bullish morning star at 114.32–114.45. The most notable formation occurred between 10:15–10:30 ET, where a large bullish candle with high volume broke above 115.28 and led to a sustained rally. Key resistance levels include $114.7 (tested multiple times), $115.0, and $115.4. Support levels are at $114.2, $114.0, and $113.7, with the last significant test at 113.75. The price appears to have broken through a 3-hour consolidation phase, suggesting a potential continuation toward $116.5.

Volume & Turnover

Volume and turnover surged dramatically after 10:00 ET, with the 10:15–10:30 ET candle showing the highest volume at 8,923.329 LTC traded and a turnover of ~$1.03 million. This was followed by another high-volume session at 9:15–9:30 ET, which recorded 5,734.402 LTC traded and ~$657,000 in turnover. These price and volume actions align, confirming strength in the breakout rather than a false move. A divergence between price and turnover is absent, indicating broad consensus among market participants.

Moving Averages

On the 15-minute chart, the price closed above both the 20-period and 50-period EMA, suggesting a bullish bias for the next few sessions. On the daily timeframe, it remains above the 50-period SMA but below the 200-period SMA, indicating a mixed bias. The 100-period SMA on daily charts is at ~114.6, suggesting further bullish movement could trigger a short-term trend change.

MACD & RSI

The MACD crossed above zero during the 9:30–9:45 ET period, confirming the start of a bullish move. The histogram expanded thereafter, indicating increasing momentum. The RSI, which had been in oversold territory earlier in the day, rose above 50 and moved into neutral to mildly overbought territory (70–72) in the final 3-hour window. This suggests a strong short-term uptrend, but caution is advised as the RSI nears overbought levels.

Bollinger Bands

Bollinger Bands showed a period of contraction early in the morning, followed by a sharp expansion in the afternoon. The price broke above the upper band at 10:15 ET and remained above it for the rest of the session. This indicates a period of high volatility and strong directional movement, consistent with the bullish breakout seen in the candlestick patterns and volume profile.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute move from 113.61 to 116.27, key retracement levels include 114.65 (38.2%), 115.3 (61.8%), and 116.27 (100%). The price briefly retested 61.8% before breaking higher. The daily swing from 113.61 to 116.27 is a more significant move, with 61.8% at ~115.1 and 100% at 116.27. The current close of $115.4 is approaching the 61.8% retracement level, which may act as a temporary resistance or consolidation area.

Backtest Hypothesis

Given the breakout pattern, strong volume confirmation, and alignment with key Fibonacci and moving average levels, a backtest strategy could be constructed using a long entry at the close of the bullish breakout candle (10:15–10:30 ET) with a stop loss just below 115.0 and a take profit aligned with the 61.8% Fibonacci level at ~115.1 or the 100% level at 116.27. This approach would capitalize on the breakout momentum and use objective levels for exits. Testing this strategy over multiple 15-minute breakout setups could validate its viability for short-term trend-following positions.