Market Overview for Livepeer/Tether (LPTUSDT)

• Price fell from 6.284 to 6.036 on heavy volume, forming bearish momentum.
• RSI oversold below 30 suggests possible short-term bounce, but trend remains down.
• Volatility spiked mid-session, with Bollinger Bands widening as price tested key support levels.
• Volume surged during sharp declines, reinforcing bearish conviction.
• Fibonacci retracement levels at 6.13 and 6.05 may act as short-term resistance and support.

Livepeer/Tether (LPTUSDT) opened at 6.281 on 2025-09-24 at 12:00 ET, reaching a high of 6.284 and a low of 5.956 before closing at 6.036 at 12:00 ET on 2025-09-25. Total 24-hour volume was 209,641.50 LPT, while notional turnover amounted to $1,272,527. The pair has shown a bearish bias, with strong volume reinforcing the downward move.

Structure & Formations

Price action over the 24-hour period featured a strong bearish bias, with price dropping from a 15-minute high of 6.284 to a low of 5.956. A key support level appears to have formed around 6.03–6.05, as seen from the consolidation and minor bounces in that region. A notable bearish pattern emerged during the early hours of 2025-09-25, with a long bearish candle closing near its low. A bearish engulfing pattern formed at the start of the downtrend, reinforcing the bearish sentiment. A doji appeared near 6.06 at 03:45 ET, signaling indecision, but was quickly rejected lower.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a steep downward trend, with the 20 MA crossing below the 50 MA to signal bearish momentum. On the daily timeframe, the 50-period MA is below the 100-period and 200-period MA, indicating a medium-term bearish trend. Price has remained below all key moving averages, suggesting that bears control the near-term direction.

MACD & RSI

The MACD line has remained below the signal line throughout the 24-hour period, with a recent bearish crossover reinforcing the downward trend. The histogram has also shown consistent bearish divergence. The RSI has fallen into oversold territory (below 30) multiple times, most notably around 08:00 and 12:00 ET. However, the price has failed to rebound strongly after these levels, suggesting that selling pressure remains intact. A RSI bounce above 35 may indicate a short-term pause, but a break below 25 could signal deeper weakness.

Bollinger Bands

Volatility has increased significantly over the past 24 hours, with Bollinger Bands widening in response to the sharp price drop. Price has traded near the lower band for much of the session, particularly during the 03:00–07:00 ET window, indicating oversold conditions and potential support. A breakout above the midline of the bands may indicate a short-term retracement, while continued pressure below the lower band could suggest deeper bearish territory.

Volume & Turnover

Volume surged during key bearish moves, particularly in the 04:30–06:00 ET window when price dropped from 6.082 to 5.996. The largest volume spike occurred at 04:30 ET, with 22,770.39 LPT traded as price fell sharply. Turnover also spiked during this period, reinforcing the bearish conviction. However, a divergence appears in the late hours of the session when volume rose but price failed to make a significant move, suggesting some exhaustion in the bearish momentum.

Fibonacci Retracements

Fibonacci retracement levels from the 15-minute swing high of 6.284 to the low of 5.956 show key levels at 6.13 (38.2%), 6.09 (50%), and 6.05 (61.8%). Price has bounced off the 61.8% level at 6.05 in the late hours of the session, suggesting it may serve as a short-term support. On the daily chart, a retracement from the higher 6.28 level to the 5.95 low suggests a 6.16 (38.2%) and 6.11 (61.8%) level, both of which appear to have acted as minor resistance and support points.

Backtest Hypothesis

Given the strong bearish momentum and the oversold RSI readings, a potential strategy might involve entering short positions on a break below the 61.8% Fibonacci level at 6.05, with a stop-loss above the 6.13 (38.2%) retracement level. A target could be set at the next bearish Fibonacci level at 5.956, or a 10% extension beyond that. The strategy would rely on the continued bearish trend, as indicated by the MACD and moving averages, and the confirmation of volume and price action at key support levels. This approach assumes that the current bearish bias remains intact and that the market does not reverse or consolidate significantly in the near term.