Litecoin/Tether Market Overview – 24-Hour Analysis for 2025-11-13

Summary
• Price rallied to a high of $102.00 before retreating to close at $97.83, showing mixed momentum.
• Volume surged during the breakout, with peak turnover around 51,917.985 LTC.
• Bollinger Bands indicated high volatility, with price oscillating near the outer bands.

Litecoin/Tether (LTCUSDT) opened at $95.35 on 2025-11-12 at 12:00 ET, surged to a high of $102.00, and closed at $97.83 as of 12:00 ET on 2025-11-13. Total volume for the 24-hour period was 1,257,820.90 LTC, with notional turnover amounting to $124,226,426. The session was marked by sharp price swings, a clear breakout above prior resistance, and a subsequent pullback into key Fibonacci levels.

Structure and key support/resistance levels were defined by the 15-minute chart, with resistance forming around $101.00–$102.00 and support near $98.00–$97.50. A bearish engulfing pattern emerged near $101.00, indicating possible short-term profit-taking. The price also approached and retested the 61.8% Fibonacci retracement level of a prior bullish swing, suggesting potential for further consolidation or reversal.

Moving averages showed LTCUSDT above its 20- and 50-period SMAs on the 15-minute chart, indicating bullish bias in the short term. However, the price dipped below the 50-period line at the end of the session, which may signal a shift in sentiment. On the daily chart, the 50- and 100-period SMAs are converging, suggesting a potential breakout or sideways continuation.

The MACD crossed into positive territory during the mid-session rally, with a strong histogram peak around $100.50, reflecting strong momentum. The RSI reached overbought levels above 70 during the breakout but has since retreated to neutral territory. This suggests that while buying pressure was strong during the rally, it may be unwinding, and a pullback could offer a reentry opportunity.

Bollinger Bands expanded significantly during the breakout, with the high of $102.00 closing near the upper band. The price then retracted toward the middle band, with the $99.50–$98.50 range forming a key consolidation area. A retest of the lower band could trigger increased volatility, either through a breakout or a bearish continuation.

Volume and turnover were highest during the breakout and pullback phases, with the largest single candle (at $100.59) accounting for over 28,000 LTC in volume. Turnover during this period was also elevated, confirming the price action. However, a divergence emerged in the final hour as price declined while volume remained moderate, suggesting buyers may be losing interest.

Fibonacci retracement levels of the $95.35–$102.00 swing were key during the 24-hour period, with the 61.8% level at $99.37 and 38.2% at $98.40 both being tested. The price closed just below the 61.8% level, suggesting it may find support here or retest the level with a potential bounce or breakdown.

Backtest Hypothesis
The backtesting strategy focuses on recognizing the Bearish Engulfing candlestick pattern, which appears most clearly on the 15-minute chart near $101.00. To ensure the strategy is robust, the pattern would be identified on the 1-hour or daily chart, depending on the trader's risk appetite and time horizon. A trade would be entered at the open of the next candle following the Bearish Engulfing pattern, which in this case would be at $101.00. The Fibonacci exit rule would apply to the range of the Bearish Engulfing candle (high to low), with a close below the 61.8% level considered a valid exit. No additional risk controls such as stop-loss or take-profit levels are specified, but these could be added to refine the strategy. Given the current price action, a backtest from 2022-01-01 to 2025-11-13 could provide insight into how often and effectively this pattern has predicted short-term bearish moves in LTCUSDT.