Litecoin/Tether Market Overview (2025-10-12)

• LTCUSDT traded in a narrow range with key resistance at $96.69 and support at $93.13.
• Volatility expanded during the 12:00–15:00 ET window, with a high of $99.00 and a low of $94.13.
• MACD suggested bullish momentum during the afternoon, but RSI showed signs of overbought conditions.
• Volume spiked during the 15:00–16:00 ET window, confirming the price breakout.

Litecoin/Tether (LTCUSDT) opened at $96.01 on 2025-10-11 at 12:00 ET, hit a high of $99.00 and a low of $91.13, and closed at $98.18 on 2025-10-12 at 12:00 ET. The pair saw a total volume of 637,359.89 LTC and a notional turnover of approximately $59,789,200 over the 24-hour window.

The price action on LTCUSDT displayed a volatile session after a consolidation phase. A key resistance level at $96.69 was briefly broken through in the early hours, followed by a pullback to a support zone near $93.13, which held. From 15:00–16:00 ET, a powerful bullish breakout pushed the price to $99.00, forming a bullish continuation pattern. Notable candlestick patterns included a bullish engulfing pattern at $93.0–$93.60 and a hanging man at $95.8–$95.9, suggesting a potential pause in bearish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs crossed into bullish territory after 15:00 ET, confirming the recent price rally. For the daily chart, the 50-period SMA resides above the 100-period SMA, suggesting an ongoing bullish trend, while the 200-period SMA provides a longer-term reference level around $93.50–$93.75.

MACD & RSI

The MACD turned bullish during the breakout phase (15:00–16:00 ET), with the line rising above the signal line and forming a positive histogram. The RSI reached overbought territory (above 70) during the same window, suggesting caution for further upward momentum. However, the RSI pullback after the high did not confirm a bearish reversal, indicating strong buying pressure.

Bollinger Bands

Volatility increased significantly in the 15:00–16:00 ET window, with the Bollinger Band width expanding and the price rising above the upper band. This breakout suggests a continuation of the bullish momentum, but a retest of the lower band at $94.50–$94.75 could signal a potential correction.

Volume & Turnover

Volume surged during the breakout phase, with over $10 million in turnover between 15:00–16:00 ET. This volume confirmed the move higher and suggested strong conviction from buyers. Earlier in the session, however, a divergence between price and volume occurred during the pullback to $93.13, where volume was relatively subdued despite the price reaching a near-month low.

Fibonacci Retracements

On the 15-minute chart, the $96.69 level corresponds to the 61.8% retracement of the previous bearish swing, suggesting a critical psychological level. On the daily chart, the $98.15 level aligns with the 38.2% Fibonacci retracement of the broader upward trend, indicating a potential area of consolidation before the next directional move.

Backtest Hypothesis

Given the recent price behavior and technical indicators, a possible backtest strategy involves entering a long position on LTCUSDT when the price closes above the 50-period SMA on the 15-minute chart, with a stop loss set below the most recent swing low and a target based on the next Fibonacci level. This approach aligns with the observed bullish momentum and breakout patterns. If applied over the 24-hour period, this strategy would have entered long positions during the 15:00–16:00 ET window and potentially captured the $99.00 high.