Livepeer/Yen (LPTJPY) Market Overview

• Price declined from 1057.1 to 1035.9 amid bearish momentum and moderate volume.
• Oversold RSI levels and a failed rebound suggest short-term exhaustion.
• Strong support identified near 1035.9 with a potential retest of 1030.8 if trend continues.
• Volatility surged following an early morning breakout before contracting into a range.
• Turnover spiked during the morning reversal but failed to confirm a bullish reversal.

Livepeer/Yen (LPTJPY) opened at 1050.5 on 2025-09-10 at 12:00 ET, reached a high of 1072.7, and closed at 1035.9 on 2025-09-11 at 12:00 ET, with a low of 1028.3. Total volume was 10,780.6, and notional turnover was ¥9,021,178.02 during the 24-hour window.

Structure & Formations

The 24-hour candlestick pattern for LPTJPY showed a strong bearish bias, characterized by a large bearish engulfing pattern from 1057.1 to 1046.6, followed by a continuation of the downtrend into a new 24-hour low of 1035.9. A morning breakout attempted to reverse the trend but was rejected at 1060.5, forming a bearish continuation pattern. A key support level has been identified at 1035.9, with a possible breakdown level at 1030.8.

Moving Averages

On the 15-minute chart, the price closed below both the 20-period and 50-period moving averages, indicating bearish momentum. On the daily chart, the 50-period MA is at 1042.5, while the 100-period MA is at 1045.3 and the 200-period MA is at 1047.1. The price remains below all three, suggesting a bearish bias is intact.

MACD & RSI

The MACD crossed below the signal line early in the session, reinforcing the bearish sentiment, with the histogram showing a broadening bearish divergence. The RSI reached oversold territory at 28 during the afternoon, but the failure of a bullish reversal at 1060.5 indicates exhaustion in the short-term. A retest of key support levels is expected before a potential rebound.

Backtest Hypothesis

The backtesting strategy involves a short bias when price closes below the 50-period MA on the 15-minute chart and RSI enters oversold territory. The strategy targets a 5% stop loss and aims to exit at the next key support level or when RSI shows a bullish divergence. Based on today’s pattern, this strategy would have triggered a short at 1041.0, with a stop loss at 1046.3 and a target at 1030.8.