Litecoin/Yen Market Overview

• LTCJPY opened at 14429.0 and closed at 14558.0, forming a bullish 15-minute pattern.
• Price swung between 14268.0 and 14863.0, with key support at 14558.0 and resistance at 14692.0.
• Volatility expanded after 05:45 ET, with a large candle closing at 14692.0 and confirming upward momentum.
• MACD and RSI suggest strong but not overbought conditions, signaling potential for continued buying.
• Bollinger Bands tightened mid-session and widened as price surged, pointing to increasing volatility.

24-Hour Summary

Litecoin/Yen (LTCJPY) opened at 14429.0 on 2025-10-23 at 12:00 ET and closed at 14558.0 at 12:00 ET on 2025-10-24, with a high of 14863.0 and a low of 14268.0 over the past 24 hours. The total volume traded across 15-minute intervals was approximately 888.44 units of LTC, and the total notional turnover was 12,652,388.0 Yen.

Structure & Formations

Price action on LTCJPY displayed a strong bullish bias over the past 24 hours, with a large engulfing candle forming at 05:45 ET that closed at 14692.0, marking a significant shift in sentiment. This was followed by a bearish pullback, though a strong rebound in the last 6 hours saw price recover above key resistance levels, with 14558.0 acting as a strong support. Key support levels include 14558.0 and 14430.0, while resistance levels are 14692.0 and 14738.0. A bullish pattern emerged during the final 15 minutes of the period, with a large bullish candle closing at 14710.0.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both moved in a bullish direction, confirming the upward bias. The 50-period line crossed above the 20-period line late in the session, forming a potential golden cross. On the daily chart, the 50-period and 200-period moving averages are converging, suggesting that LTCJPY is in a phase of consolidation ahead of a breakout.

MACD & RSI

The MACD line turned positive and remained above the signal line for much of the session, indicating strong bullish momentum. RSI climbed into the overbought territory during the afternoon session but has since pulled back into the 60–70 range, suggesting that the upward move may continue but with decreasing intensity. This suggests a period of consolidation or a potential pause in the near term.

Bollinger Bands

Volatility expanded significantly after the 05:45 ET candle, with the upper band reaching 14863.0 and the lower band contracting to 14430.0. Price spent much of the latter half of the session near the upper band, indicating that traders are showing strong willingness to buy into strength. This could signal a potential pullback or a breakout above the upper band.

Volume & Turnover

Volume spiked significantly during the 05:45 ET candle, with 17.191 units of LTC traded at the high of the session. Turnover also surged during this period, confirming the move higher. The large volume and turnover in this candle suggest strong institutional or large retail participation. Volume remained elevated in the final hours, especially around 08:00–09:00 ET, with a total of 400.195 units traded. This supports the case for a continuation of the current bullish trend.

Fibonacci Retracements

Applying Fibonacci retracement levels to the most recent 15-minute swing from 14268.0 to 14863.0, key levels include 14637.0 (38.2%) and 14558.0 (61.8%). Price found support at the 61.8% level on multiple occasions, suggesting this level is strong and could continue to attract buyers. For the daily swing, Fibonacci levels indicate potential for further strength above 14692.0.

Backtest Hypothesis

Given the identified bullish patterns and key support/resistance levels, a backtest using the Bullish Engulfing strategy could be applied. By detecting historical instances of this pattern in LTCJPY since 2022, we could backtest a 3-day holding period following each signal. The 15-minute timeframe is suitable for detecting short-term entry points, while daily and weekly charts can help contextualize the trade within broader market conditions. This strategy would aim to capture momentum from short-term bullish reversals, with Fibonacci levels and Bollinger Bands used as dynamic stop-loss and take-profit tools. Initial signals would be filtered by volume and MACD confirmation to improve accuracy.