Market Overview for Livepeer/Yen (LPTJPY) on 2025-11-14

• Price dropped from 755.3 to 707.4, a 6.3% decline over 24 hours
• Volatility surged with a 715.4–739.8 range in early hours
• A bearish engulfing pattern formed at 727.1–733.0 during session highs
• Volume spiked during the 0445 ET candle (722.8–700.3) at 561.74
• Momentum accelerated lower, with RSI and MACD hinting at oversold conditions

Livepeer/Yen (LPTJPY) opened at 755.3 on 2025-11-13 at 12:00 ET, peaked at 755.3, and closed at 707.4 by 12:00 ET on 2025-11-14. Total 24-hour volume was 2,422.01, and notional turnover was 1,803,898.45. The price action displayed a sharp bearish trend with significant volatility.

The 20-period and 50-period moving averages on the 15-minute chart both crossed below key resistance levels, confirming a bearish bias. Daily moving averages (50, 100, 200) have likely remained bearish for several days. A key support level appears to have formed around 707.4, as price tested and consolidated near that level in early morning trading.

MACD turned negative with a clear bearish crossover, suggesting momentum has shifted decisively lower. RSI dipped below 30 in the final hours of the session, pointing to potential oversold conditions. Price briefly traded below the lower Bollinger Band, indicating a volatility expansion and a possible continuation of the downward trend.

Fibonacci retracements of the key 700.3–739.8 swing show the 61.8% level at 719.7, which may act as a near-term resistance if buyers enter. The 38.2% level at 725.5 may also see action. However, with price currently below both, a retest to the 700–710 range remains probable in the near term.

Volume surged dramatically at the 0445 ET candle (722.8–700.3) as 561.74 units traded, the largest in the 24-hour window. Turnover spiked in tandem with price breaking below key support. The absence of meaningful follow-through buying after the drop to 700.3 suggests a lack of short-term conviction. A divergence in volume and price action is unlikely to be a positive sign in the next 24 hours.

Backtest Hypothesis

Given the recent bearish momentum and the MACD crossover, a backtesting strategy could be constructed to evaluate the profitability of a short-bias approach following a Death Cross. If a valid symbol is provided—such as “LPT/JPY” or “LPTJPY=X”—I can retrieve MACD data and assess the performance of a strategy entering short positions on the day a 50-period MA crosses below the 200-period MA. This strategy can be tested from 2022-01-01 to 2025-11-14 to evaluate its robustness. A preliminary signal for such a strategy was potentially triggered in early 2025, aligning with the recent trend observed in this 24-hour analysis.