Litecoin/Tether (LTCUSDT) Market Overview for 2025-09-18

• LTC/USDT opened at $113.86, surged to $118.00, then retraced to $115.05.
• A bullish breakout above $117.00 was confirmed, followed by consolidation.
• Volatility expanded in early trading, with volume spiking near the $118.00 level.
• RSI hit overbought territory, while MACD remained positive, signaling momentum.
• Price now trading near 61.8% Fibonacci support at $115.05, with key resistance at $117.50.

At 12:00 ET–1 on 2025-09-17, LTC/USDT opened at $113.86 and closed at $115.75 by 12:00 ET on 2025-09-18. The pair reached a high of $118.00 and a low of $113.56 during the 24-hour period. Total traded volume was 244,239.4 LTC, with a notional turnover of $28,410,627.

The price moved in a bullish fashion following a strong breakout above $117.00, which acted as a key resistance level earlier in the day. A long upper shadow candle formed at $118.00, followed by a consolidation phase, suggesting indecision among buyers. The 15-minute chart shows a bullish engulfing pattern forming near the breakout level, indicating strong momentum. A key support level appears to be forming at $115.05, coinciding with the 61.8% Fibonacci retracement from the recent high.

Moving averages on the 15-minute chart show the 20-period MA above the 50-period MA, confirming bullish momentum. Daily MAs suggest a longer-term bullish trend, with the 50-period MA above the 100- and 200-period lines. The MACD remains positive with a rising histogram, reinforcing bullish bias. RSI reached overbought territory above 70 in the morning but has since pulled back to mid-60s.

Bollinger Bands show a recent volatility expansion after a period of contraction, indicating the price is now breaking out of a tight consolidation. The upper band was tested at $118.00 before a pullback, while the lower band currently sits at $114.85.

Volume activity spiked near the high at $118.00, confirming the significance of that level. However, price failed to hold above it, leading to a pullback. This suggests the level might be more of a resistance than a breakout threshold. Turnover spiked to $5.6M in the candle ending at $118.00, but declined afterward, indicating reduced follow-through buying.

Backtest Hypothesis

Given the recent breakout attempt and failure to hold above $118.00, a potential short-term trading strategy could involve a long entry on a retest of this level, with a stop-loss placed below $115.05 (61.8% Fibonacci support). A target would be the next Fibonacci extension at $119.70. This strategy relies on the assumption that buyers remain active at key psychological and Fibonacci levels, and that the price will not see a bearish reversal with a break of $115.05.