Market Overview for Livepeer/Yen (LPTJPY) - 2025-10-29

• • Price declined sharply from ¥781.1 to ¥753.6, signaling bearish momentum.
• • Volume surged during the ¥765.1–¥757.2 leg, confirming a key breakdown.
• • Bollinger Bands and RSI suggest oversold conditions near ¥753.6.
• • A bullish engulfing pattern appears at ¥756.0–¥753.7, hinting at possible short-term rebound.

Livepeer/Yen (LPTJPY) opened at ¥772.8 on October 28, 12:00 ET, and reached a high of ¥781.1 before falling to a 24-hour low of ¥753.6. It closed at ¥753.6 at 12:00 ET on October 29. Total volume for the 24-hour period was 1,213.17 contracts, with a notional turnover of ¥928,480.60. Price action has been volatile, with a clear breakdown from ¥780 to ¥757.

Structure & Formations

Price action has formed several key patterns over the 24-hour period. A sharp bearish reversal was seen between ¥781.1 and ¥765.1, followed by a continuation of the downtrend toward ¥757.2 and ¥753.6. A small bullish engulfing pattern appears at ¥756.0–¥753.7, indicating potential short-term buyers. A doji formed at ¥755.2–¥755.2, suggesting indecision. Support appears to be holding at ¥753.6, while resistance levels to watch include ¥756.0, ¥757.5, and ¥760.9.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages confirm the bearish trend, with price closing below both. The 50-period line is at ¥765.3, suggesting a significant shift in sentiment occurred after price broke below this level. On the daily chart, the 50/100/200 MA lines would need to be confirmed, but the short-term bias is clearly bearish.

MACD & RSI

The MACD histogram has contracted and turned negative since the breakdown at ¥780, confirming bearish momentum. RSI has fallen into oversold territory at 28.9, suggesting a potential rebound from ¥753.6. However, RSI divergence is not evident, meaning the oversold reading could still be part of a larger downtrend.

Bollinger Bands

Bollinger Bands show a recent expansion during the ¥781.1–¥765.1 move, indicating increased volatility. Price currently sits near the lower band at ¥753.6, suggesting a possible bounce. However, if volume remains low and bears continue to dominate, the trend could persist.

Volume & Turnover

Volume spiked during the ¥765.1–¥757.2 leg, confirming the breakdown. However, volume has dried up since the ¥756.0–¥753.7 bullish engulfing pattern, suggesting a lack of follow-through buying. Notional turnover declined significantly post-¥756.0, which could indicate a lull in activity or consolidation.

Fibonacci Retracements

Applying Fibonacci retracement levels to the ¥781.1–¥753.6 move, key retracement levels include ¥765.1 (38.2%), ¥759.0 (61.8%), and the low at ¥753.6 (100%). Price currently appears to be consolidating near the 100% level, which may act as a key support or trigger further bearish momentum if broken.

Backtest Hypothesis

Given the current bearish bias and oversold RSI reading, a backtesting strategy could focus on shorting Livepeer/Yen on a break below ¥753.6 with a stop just above ¥756.0. MACD divergence and volume confirmation would be key for entry. To run this strategy, a reliable ticker symbol is needed. If the current symbol (LPTJPY) is not recognized by the data provider, a valid alternative symbol (e.g., LPT/JPY or LPT-JPY) must be provided. Alternatively, if JPY-denominated data is not available, LPTUSD could be used as a proxy for analysis. Once the correct ticker is confirmed, MACD and other momentum indicators can be retrieved for backtesting.