Market Overview for Livepeer/Tether (LPTUSDT)

Summary
• Price surged above 3.17 on strong volume before consolidating below 3.24.
• A bullish engulfing pattern formed near 3.13, supporting a short-term rebound.
• RSI hit overbought territory in late trading, signaling potential pullback risk.
• Bollinger Bands widened sharply as volatility spiked post-16:00 ET.
• Turnover exceeded $118M at peak, aligning with price highs near 3.22.

Livepeer/Tether (LPTUSDT) opened at 3.101 on 2026-01-03 12:00 ET, rose to 3.382, and closed at 3.242 by 2026-01-04 12:00 ET, with a low of 3.101. Total 24-hour volume was 386,171.17 and turnover reached $153,484.88.

Structure & Formations

The price action formed a bullish engulfing pattern near 3.13, with strong buying pressure following a prior bearish trend. A key support level appears to be forming around 3.13–3.15, where volume thickened and price consolidated. Resistance emerged at 3.22–3.24, with a 5-minute fractal high at 3.382 marking a sharp reversal point.

Volume & Momentum

Volume spiked dramatically between 12:30 and 12:45 ET, coinciding with the 3.382 high, and again between 16:00 and 16:45 ET as price pulled back. The MACD crossed into positive territory mid-session, suggesting bullish momentum, but RSI entered overbought conditions above 70 in the last hour of the 24-hour window.

Volatility & Fibonacci

Bollinger Bands expanded significantly following the 3.382 top, indicating heightened volatility. Price has since retraced back to the 61.8% Fibonacci level of the 3.13–3.382 move (~3.22), where it appears to be finding initial resistance. A continuation of the consolidation phase may lead to a test of the 50% retracement at ~3.25.

Forward-Looking View

With RSI near overbought and price consolidating at 61.8% Fibonacci, a short-term pullback to test the 3.20–3.17 range appears probable. Investors should remain cautious about near-term overextension and watch for a break below 3.20 for bearish continuation, or a clear move above 3.25 for renewed upside potential.