Litecoin/Tether (LTCUSDT) Market Overview – 2025-11-05

• Price formed key support at $83.26 and pushed toward $87.80 in 24 hours.
• Volume surged during the $80.01–$84.02 rebound and again during the $87.12–$87.80 rally.
• RSI reached overbought levels multiple times, signaling potential pullback risk.
• Bollinger Bands expanded as volatility rose during the late-night and morning rally.
• MACD showed bearish divergence during the $84.02–$85.67 consolidation phase.

Litecoin/Tether (LTCUSDT) opened at $87.06 (12:00 ET–1) and reached a high of $88.32 and a low of $80.01, closing at $88.25 (12:00 ET) for the 24-hour period. Total volume amounted to 607,902.78 LTC, with a turnover of approximately $52.5M USD, indicating strong liquidity and participation across key price swings.

The price action displayed a bearish reversal into a bullish rebound pattern over the last 24 hours. After a sharp decline from $87.06 to a low of $80.01, LTCUSDT rebounded with increasing volume and momentum. This recovery was marked by a series of bullish candlestick formations, including a morning star and a bullish engulfing pattern, particularly in the $83.26–$84.02 range.

The 20-period and 50-period moving averages on the 15-minute chart crossed above key support levels, confirming the bullish bias during the recovery phase. On the daily chart, the 50- and 200-period moving averages remain bullish. The Relative Strength Index (RSI) crossed into overbought territory (above 70) multiple times, especially during the late-night and morning rally, indicating potential near-term exhaustion of bullish momentum.

Bollinger Bands showed significant expansion during the $80.01–$87.80 move, reflecting increased volatility. Price stayed within the bands for most of the session, with a final breakout toward the upper band as it closed at $88.25. The MACD showed a narrowing histogram after the $84.02–$85.67 consolidation, suggesting potential momentum fatigue. Divergence between price and RSI suggests a pullback may be imminent.

Fibonacci retracement levels played a critical role in defining key support and resistance. The 61.8% retracement level at $83.66 acted as a key support, and the 38.2% level at $85.39 was briefly tested during the consolidation. On the daily timeframe, a major swing high at $87.24 and low at $83.26 defined a 61.8% retracement at $85.91, which appears to be holding as support.

Traders should watch for a potential pullback toward $85.67–$86.02, where key moving averages and Fibonacci levels converge. A break below $84.02 may trigger further bearish momentum. Conversely, a confirmation above $88.32 could signal a resumption of bullish bias. Investors are advised to monitor volume and RSI for signs of divergences or exhaustion.

The next 24 hours may bring consolidation or a test of $88.32–$88.50. However, overbought RSI and bearish MACD divergence suggest a correction into the $85.2–$86.02 range is likely. Investors should remain cautious as volatility remains elevated and key levels are in close proximity.

Backtest Hypothesis

A potential backtesting strategy could involve using the 15-minute RSI and MACD to capture short-term bullish and bearish momentum. A buy signal could be triggered when the 20-period and 50-period moving averages cross above a key Fibonacci support level (e.g., 61.8% at $83.66), confirmed by a bullish candlestick pattern and rising volume. A sell signal could follow RSI crossing above 70 with bearish MACD divergence. This approach could be tested using the ticker LTCUSDT.BINANCE to ensure alignment with the correct price data.