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

• Price action formed a bullish recovery from 113.58 to 118.04 on 15-minute chart.
• Momentum surged with MACD and RSI indicating overbought conditions near 118.0.
• Volatility expanded, with Bollinger Bands widening as price approached the upper band.
• On-balance volume spiked during the 22:15–22:30 ET session, correlating with the high.
• Fibonacci 61.8% retracement level at 115.0–115.1 confirmed as key support zone.

Litecoin/Tether (LTCUSDT) opened at $113.86 at 12:00 ET−1 and traded between $113.58 and $118.04 before closing at $115.91 at 12:00 ET. Total volume over 24 hours was 295,546.12 LTC, with a notional turnover of $33,849,120.92. The price action reflected strong bearish and bullish swings, with key resistance at 117.86–118.04 and support at 115.05–115.26.

Structure & Formations

Price on LTCUSDT formed a strong bullish reversal pattern near 113.58 to 118.04, particularly from 22:15 to 03:45 ET. A key resistance level appears to be at $118.04, where a bearish rejection occurred. Notable candlestick formations include a bullish engulfing pattern at 22:15–22:30 ET and a bearish harami at 03:45–04:00 ET. A potential support level was reinforced near $115.05–115.26, aligning with a 61.8% Fibonacci retracement.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed price crossing above the 50 SMA during the early bullish phase. The 200-period daily SMA is still below current price levels, indicating a potential continuation of the uptrend. The 50-period daily SMA has not yet crossed the 200-period line, suggesting a continuation of the longer-term bullish bias.

MACD & RSI

The MACD histogram turned positive and remained above the zero line, indicating bullish momentum, especially between 22:15 and 03:30 ET. The RSI surged to over 70, signaling overbought conditions and a potential short-term pullback. However, volume remained supportive of the rally. A bearish divergence in RSI may emerge if price closes below $116.00.

Bollinger Bands

Bollinger Bands expanded as price approached the upper band at 117.86–118.04, indicating heightened volatility. Price remained within the bands for most of the session, with the 20-period BB width showing a significant increase after 22:00 ET. A contraction is not evident, suggesting continued range trading or breakout potential from the upper band.

Volume & Turnover

The highest notional turnover occurred between 22:15 and 03:30 ET, with a total of $19,042,234.95 traded, while volume peaked at 124,445.90 LTC during that same period. The volume and turnover correlated well with the bullish price action, supporting the strength of the rally. However, the bearish rejection at 118.04 came with lower volume, suggesting potential hesitation from buyers at higher levels.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from $113.58 to $118.04, key levels at 38.2% ($116.22), 50% ($115.81), and 61.8% ($115.05) were tested. The 61.8% level held well as support, and price bounced from $115.05–115.26. The 115.05 level is likely to be a critical area for near-term buyers to defend if the rally continues.

Backtest Hypothesis

The described backtest strategy involves entering long on a bullish engulfing pattern with confirmation via RSI divergence above 50 and a positive MACD crossover, with a stop-loss placed below the 61.8% Fibonacci level. This aligns with the observed 22:15–22:30 ET bullish reversal and the subsequent move above 117.86. A trailing stop based on Bollinger Band width and volume contraction could optimize risk management. The strategy would benefit from monitoring the 118.04 resistance for potential short-term profit-taking.