Livepeer/Tether (LPTUSDT) Market Overview: 2025-10-16 to 2025-10-17

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• Price declined sharply from $5.148 to $4.71, showing bearish momentum and a potential trend reversal.
• Volatility increased as price traded between $4.812 and $5.164, signaling high uncertainty.
• RSI and MACD appear to be in oversold territory, hinting at possible short-term buying interest.
• A key support level is forming near $4.71, with resistance likely at $4.81.
• High volume during the selloff suggests conviction in the bearish move.

The Livepeer/Tether (LPTUSDT) pair opened at $5.148 at 12:00 ET - 1 and closed at $4.862 at 12:00 ET, with a high of $5.164 and a low of $4.71. Over the 24-hour period, the total volume traded was approximately 454,963.21 LPT, while the total notional turnover was $2,196,073.07. The price action indicates a significant bearish sentiment, especially in the early hours, where the price moved down sharply.

Structure and formations over the 15-minute chart show a distinct bearish trend, with multiple bearish engulfing patterns reinforcing the downward pressure. Notable support levels appear at $4.71 and $4.81, while resistance is likely to be found near $4.90 and $5.00. A potential key reversal pattern may form near the $4.86–$4.88 range, where price found some buying interest after a steep decline.

Moving averages for the 15-minute chart indicate a bearish cross, with the 20-period SMA falling below the 50-period SMA. On the daily chart, the 50-period SMA is also below the 200-period SMA, signaling a longer-term bearish bias. Traders should monitor whether the 50-period SMA breaks the 200-period SMA to confirm a potential bearish trend continuation.

MACD and RSI readings suggest that the market is in an oversold territory. The RSI is approaching 30, which typically signals a potential short-term bounce. However, the MACD is still in negative territory, indicating that bearish momentum remains strong. If RSI fails to confirm a rebound with a corresponding MACD divergence, traders may expect further consolidation or a resumption of the bearish trend. Investors are advised to monitor for a bullish crossover in RSI above 30 and a positive MACD signal to consider short-term buying opportunities.

Bollinger Bands illustrate a period of volatility expansion as price moves from the upper to the lower band, indicating strong downward momentum. The current price of $4.862 is trading near the lower band, suggesting the market could be due for a reversion to the mean. A key technical signal would be a price move above the middle band, which may indicate a short-term reversal or consolidation phase. However, given the strong bearish bias, a sustained move above the upper band is unlikely unless macro conditions shift dramatically.

Volume and turnover data reinforce the bearish bias, with a significant portion of the volume concentrated during the early hours of the selloff. Notional turnover spiked when the price moved from $5.164 to $4.71, indicating strong conviction in the bearish move. However, there was a divergence in volume during the late hours, where price tried to rally above $4.85 without strong volume support, suggesting that the bullish attempt lacked conviction. Traders should remain cautious as volume may thin out during a potential retracement phase.

Fibonacci retracements on the 15-minute chart show the price hitting the 61.8% level at $4.90 before retracing lower. On the daily chart, the 61.8% level is near $4.81, which has acted as a recent support. If price manages to close above the 50% retracement level at $4.86, it may signal a temporary shift in momentum. Traders could use these levels to assess potential entry points and manage risk accordingly.

Backtest Hypothesis
Given the current technical environment, a potential backtesting strategy could focus on RSI oversold conditions in conjunction with a bullish divergence in the MACD. A buy signal could be generated when RSI rises above 30 and the MACD crosses into positive territory, with a stop loss placed below the recent swing low. This approach would aim to capture a short-term bounce while managing risk on a broader bearish trend. However, due to the current lack of historical price data for LPT/USDT, the backtesting strategy cannot be validated at this time.