Litecoin/Tether (LTCUSDT) Market Overview: 24-Hour Technical Analysis as of 2025-09-14

• Price declined 4.7% over 24 hours, closing near session lows.
• RSI hit overbought levels early before a sharp drop into oversold territory.
• Volume surged during downward break, confirming bearish momentum.
• A bearish engulfing pattern formed at the 20-hour high near $120.
• Bollinger Bands widened during the sell-off, indicating increased volatility.

At 12:00 ET on 2025-09-14, LTC/USDT opened at $119.00 and closed at $115.52 after reaching a high of $120.18 and a low of $115.14. The total volume traded over 24 hours was approximately 339,188 LTC, with a notional turnover of $47,768,717 (LTCUSDT). The pair displayed a clear bearish bias, marked by a sustained pullback and increased volatility following a brief rally attempt.

Structure & Formations

Key resistance levels emerged around $120.00–120.18, where a sharp bearish reversal occurred. A bearish engulfing pattern formed after a small bullish candle (open: 119.96, close: 120.10) was followed by a larger bearish candle (open: 120.11, close: 119.94), confirming a shift in sentiment. Below, strong support was tested at the 15-minute Fibonacci 61.8% retracement level near $116.50–116.65. A doji formed near $116.50, hinting at potential consolidation before a follow-through.

Moving Averages

On the 15-minute chart, the price closed below the 20-period (118.19) and 50-period (117.79) moving averages, reinforcing short-term bearish momentum. On the daily timeframe, the price is below the 50-period (121.46), 100-period (122.92), and 200-period (124.23) averages, reinforcing a broader downtrend.

MACD & RSI

The RSI surged briefly into overbought territory (above 70) at $120.18 before plunging into oversold territory (below 30), confirming a sharp reversal. MACD crossed into negative territory with a bearish divergence in the histogram, aligning with the price action. The indicator line (fast) dipped below the signal line (slow) during the sell-off, signaling bearish momentum.

Bollinger Bands

Bollinger Bands expanded sharply during the sell-off, reflecting heightened volatility. At 01:15–03:45 ET, the price traded below the 20-period lower band, indicating oversold conditions. The most recent candle closed near the middle band at $117.69, suggesting a potential consolidation phase.

Volume & Turnover

Volume spiked during the sell-off between 23:00–04:00 ET, with a massive 81,989 LTC traded at 23:00 ET as the price dropped from $119.94 to $119.29. Notional turnover also spiked during this period, confirming the strength of the bearish move. A divergence was observed between volume and price in the morning session, as volume dipped while the price continued to decline, suggesting potential exhaustion of the downward move.

Fibonacci Retracements

The recent 15-minute swing from $115.14 to $120.18 showed key Fibonacci levels at 61.8% ($116.50) and 38.2% ($117.70). The price found support at the 61.8% level, with a small doji forming there. Over the daily timeframe, the Fibonacci 50% level is at $119.50, which may become a near-term resistance if the pair attempts to rally.

Backtest Hypothesis

Given the strong bearish engulfing pattern, overbought-to-oversold RSI shift, and volume confirmation of the selloff, a backtesting hypothesis could involve a short entry at $120.18 with a stop just above $120.70 and a target at $116.50–116.65. This aligns with the 15-minute Fibonacci 61.8% retracement and the doji support level. A trailing stop could be placed below the 116.50 level as the price consolidates. The MACD crossover and bearish divergence further validate the potential for a short-term continuation of the downtrend.