Market Overview: LPTUSDT (Livepeer/Tether) on 2025-12-06 to 2025-12-07

Summary
• Price tested key resistance near 3.87 before consolidating.
• High-volume spike at 19:15 ET suggests institutional interest.
• RSI remains neutral; no overbought or oversold extremes.
• Volatility expanded midday, with Bollinger Bands widening.
• Large bullish engulfing pattern formed after early sell-off.

Market Overview

Livepeer/Tether (LPTUSDT) opened at $3.854, reached a high of $3.916, a low of $3.823, and closed at $3.844. Total volume over 24 hours was 157,832.35, with a turnover of $516,139.92. Price action showed a strong intraday rebound after an early sell-off.

Structure & Formations

A large bullish engulfing pattern emerged around 20:45 ET, confirming a short-term reversal. Key resistance appears to be forming at 3.87, which was tested twice without a decisive break. A bearish doji formed at 22:45 ET, indicating indecision near the 3.85 support cluster.

Moving Averages

On the 5-minute chart, price closed above the 20- and 50-period moving averages, suggesting short-term bullish momentum. On the daily chart, the 50-period MA appears to be acting as dynamic support, with price holding above the 200-period MA.

MACD & RSI

The MACD crossed above the signal line midday, signaling a potential bullish shift. RSI remained within neutral territory (40–60) for most of the session, with no indication of overbought or oversold conditions. A slight bearish divergence emerged in the late hours as price hit 3.85, but momentum held up.

Bollinger Bands

Volatility increased notably during the 19:00–20:45 ET window, with Bollinger Bands widening. Price closed near the middle band, suggesting consolidation after the intraday range expansion. A contraction in band width may precede a breakout in the next 24 hours.

Volume & Turnover

The largest volume spike occurred at 20:45 ET, where a 31,483.85 volume candle coincided with a sharp price rebound to 3.905. Turnover during this candle was the highest of the session. Price and turnover were well-aligned during this move, suggesting accumulation.

Fibonacci Retracements

On the 5-minute chart, the intraday low at 3.823 and high at 3.916 formed a 0.618 retracement level near 3.86. Price tested this level twice and appears to have found short-term support. On the daily chart, the 0.382 level at 3.85 may offer near-term support if bearish pressure resurfaces.

Looking ahead, LPTUSDT may test the 3.87 resistance level again, with a potential breakout or consolidation likely depending on volume. Traders should be cautious of a pullback if the 3.84 support is tested again, as divergence in RSI could signal weakening momentum.