Litecoin/Tether (LTCUSDT) Market Overview

• • LTCUSDT opened at $106.89, surged to $107.69, and closed at $107.20, with total volume of 289,851.53 LTC and turnover of $30.95 million.

• • Price showed bearish reversal patterns in the late ET session and regained strength after 02:00 ET, suggesting a tug-of-war between buyers and sellers.

• • Key resistance at $107.42 and support at $106.06 were tested multiple times; RSI showed overbought conditions around $107.30 before a pullback.

• • High volatility occurred during the 04:00–05:00 ET window, with a drop from $106.56 to $105.79 before a sharp recovery.

• • Turnover spiked significantly after 06:30 ET as price fell from $107.14 to $106.73 on heavy volume, hinting at short-term profit-taking.

Litecoin/Tether (LTCUSDT) opened at $106.89 on 2025-09-24 and closed at $107.20, with an intraday high of $107.69 and low of $104.56. Total volume reached 289,851.53 LTC, while notional turnover hit $30.95 million, driven by several volatile swings throughout the day.

Structure & Formations

The 24-hour chart displayed multiple key support and resistance levels. A bearish engulfing pattern appeared around $107.30 before the price pulled back. A bullish reversal was observed at $106.11, where the price bounced off a prior support level. A notable doji formed at $106.08, signaling indecision among traders. The intraday low of $104.56 acted as a strong support, holding the price from further declines.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA around $106.90 in the early morning, indicating short-term bullish momentum. Later, the 50-period MA started to lag as price moved higher, suggesting potential bearish divergence. On the daily chart, the 50-period MA remains above the 100-period MA, but the 200-period MA shows bearish alignment, highlighting the mixed signals in the broader trend.

MACD & RSI

The MACD crossed above the signal line in the early hours, confirming bullish momentum during the recovery phase. RSI reached overbought territory at 75 around $107.40, but a bearish crossover followed, signaling potential exhaustion of bullish pressure. RSI also showed a divergence from price during the 06:30–07:15 ET window as the price fell while RSI remained in overbought conditions.

Bollinger Bands

Volatility expanded significantly during the 04:00–06:30 ET period, with the Bollinger Bands widening and price testing the upper band multiple times. Price briefly touched the lower band at $105.79 before rebounding, indicating the lower bound was a temporary support. In the latter half of the day, the bands began to contract, suggesting a potential consolidation period ahead.

Volume & Turnover

Volume surged to over 97k LTC at 06:30 ET as the price dropped from $107.14 to $106.73, signaling potential profit-taking and short-term selling pressure. Turnover spiked to $10.34 million at the same time, confirming the strength of the move. Later, volume declined as the price stabilized between $106.70 and $107.20, suggesting a balance between buyers and sellers.

Fibonacci Retracements

Applying Fibonacci retracements to the 04:00–07:15 ET swing, key levels at 38.2% (~$106.75) and 61.8% (~$107.35) were clearly tested. Price bounced off the 38.2% level twice and briefly touched 61.8% before consolidating. On the daily chart, the 50% retracement of the recent bearish move (~$107.00) served as a key psychological level.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions when the 20-period MA crosses above the 50-period MA and the RSI drops below 30, with a stop loss placed just below the most recent swing low. Exit signals could be triggered when the RSI crosses back above 70 or when the MACD histogram turns bearish. Given the recent volatility and volume spikes, this strategy could capture short-term rebounds but would need to account for false signals during choppy conditions.