Market Overview for Livepeer/Tether (LPTUSDT) – 2025-11-07

Summary• Price drifted between $5.11 and $5.597, with a 24-hour high at $5.597 and a low at $5.11.• Momentum fluctuated between overbought and oversold levels, with RSI peaking near 80.• Volatility spiked during late-night hours, with heavy volume concentrated near key swing levels.

Livepeer/Tether (LPTUSDT) opened at $5.121 on 2025-11-06 at 12:00 ET and closed at $5.176 on 2025-11-07 at 12:00 ET. The pair reached a 24-hour high of $5.597 and a low of $5.11. Total volume across the 24-hour period was approximately 798,203.54 LPT, with a notional turnover of roughly $3.68 million.

On the 15-minute chart, price action revealed a key support cluster forming around the $5.25–$5.30 zone. A bullish engulfing pattern emerged after the 02:00 ET candle, followed by a doji at $5.334, signaling indecision. Resistance appeared to consolidate at $5.40–$5.45, where the price frequently reversed downward after brief rebounds. These levels may continue to influence near-term behavior.

The 20-period and 50-period moving averages on the 15-minute chart crossed in a bullish bias during the early morning hours, reinforcing a short-term uptrend. However, the 50-period MA started to flatten by midday, suggesting a potential slowdown. The daily chart’s 50-period, 100-period, and 200-period moving averages are in a near-horizontal alignment, indicating a neutral to mixed bias without a strong directional bias.

The MACD histogram peaked during the late-night bull run but began to contract by 04:00 ET, signaling waning momentum. RSI reached overbought territory above 80 in the early hours before retreating below 50 by midday, suggesting a shift in sentiment. Bollinger Bands widened to 0.26–0.28 during the breakout attempt, with price closing near the lower band at $5.176, indicating some consolidation.

The average daily volume of $147,644.38 was exceeded during the late-night trading session, when the price hit its high of $5.597. Notional turnover spiked to $1.38 million during the 22:00–00:00 ET window, with price and volume showing strong confirmation. Divergences were minimal, with one instance noted between 06:00–08:00 ET when the price rose but volume declined.

Fibonacci retracement levels drawn from the $5.11 to $5.597 swing showed 61.8% at $5.424 and 38.2% at $5.338. Price lingered near the 50% retracement before consolidating, suggesting a possible continuation or reversal phase. These levels may act as key psychological thresholds for both buyers and sellers in the coming 24 hours.

In the next 24 hours, LPTUSDT could test its 61.8% Fibonacci level at $5.424, but risks a pullback toward the 38.2% retracement at $5.338 if momentum fails to hold. Traders should monitor volume behavior at key support/resistance levels, as divergence may signal exhaustion in the near term.

Backtest Hypothesis

The RSI-Overbought 1-day-holding strategy was backtested on LPTUSDT from 2022-01-01 to 2025-11-07, yielding a total return of 39.8%. The strategy uses RSI as a signal to enter trades when it crosses into overbought territory (typically above 70), holding for one day before exiting. Given today’s RSI behavior, which reached overbought levels early in the session, it fits the entry criteria of the strategy. However, the subsequent pullback and weak closing price suggest that today’s entry may not result in a profitable exit. The average trade of +1.5% and relatively low Sharpe ratio of 0.30 highlight the strategy’s moderate performance, with frequent small gains offset by occasional larger losses. Traders may consider this as one of several momentum tools, paired with volume and Fibonacci levels, to improve risk-adjusted outcomes.