Market Overview: Livepeer/Tether (LPTUSDT) 24-Hour Activity on 2026-01-06

Summary
• Price surged to 3.48 before retracing to 3.32, forming bearish divergence on volume.
• Strong 5-minute bullish engulfing patterns emerged near 3.36, indicating short-term buying interest.
• RSI remains in neutral territory, suggesting consolidation after recent volatility.
• Bollinger Bands widened after a contraction, signaling heightened uncertainty.
• Turnover spiked at 3.39, but failed to confirm a breakout, hinting at possible resistance.

Market Overview

Livepeer/Tether (LPTUSDT) opened at 3.321 on 2026-01-05 at 12:00 ET and reached a high of 3.483 before closing at 3.319 on 2026-01-06 at 12:00 ET, with a low of 3.284. The 24-hour trading volume amounted to approximately 310,932.3 units, and the notional turnover was around $103,047.46.

Structure & Formations

Price formed a distinct bullish engulfing pattern near 3.36, but failed to break above 3.39–3.40 resistance multiple times. A doji appeared near 3.45, signaling indecision. Key support levels include 3.32–3.34, where the price found repeated buying interest.

Moving Averages

On the 5-minute chart, price dipped below the 20-period and 50-period moving averages, reinforcing a bearish bias. The daily chart shows a mixed setup, with the 50-period MA holding above the 200-period MA, but price action remains below critical mid-term levels.

Momentum & Volatility

Relative Strength Index (RSI) fluctuated between 40 and 60, suggesting a neutral momentum phase. MACD showed positive divergence earlier in the session, but has since flattened. Bollinger Bands expanded from a narrow consolidation phase, indicating increased market uncertainty.

Volume & Turnover

Volume spiked significantly near 3.39 and 3.48, but the price failed to close above those levels. Turnover reached $20,189.28 at the 3.40–3.41 level, but buyers could not maintain control, hinting at potential resistance.

Fibonacci Retracements

Recent 5-minute swings placed 3.39 and 3.41 at key Fibonacci levels (38.2% and 50%), where price met resistance. A daily swing from 3.284 to 3.483 shows 3.36 and 3.32 as key retracement levels, which acted as soft support.

In the next 24 hours, LPTUSDT may test 3.32 support again, with a possible bounce to 3.36 expected if buyers step in. However, sellers could reinforce bearish momentum if 3.30–3.295 levels are breached, increasing the risk of a deeper pullback. Investors should monitor volume behavior near 3.36 and 3.32 for directional clues.