Litecoin/Tether USDt Market Overview

• LTC/USDT traded higher over the last 24 hours, closing near session high with strong momentum.
• Price found support around $111.60 and broke above key resistance of $113.00.
• MACD and RSI confirmed bullish momentum, with RSI approaching overbought levels.
• Bollinger Bands showed expansion, indicating rising volatility.
• Volume increased significantly during the bullish breakout, confirming strength in the move.

Litecoin/Tether USDt (LTCUSDT) opened at $111.36 on 2025-09-09 12:00 ET and closed at $114.00 as of 2025-09-10 12:00 ET. The 24-hour high was $115.23, while the low was $110.80. Total volume was 313,489.50 LTC and total turnover (notional value) was $35,299,614.11 over the 24-hour window.

Structure & Formations

Price formed a strong bullish flag pattern during the afternoon and early evening hours on 2025-09-09, consolidating between $111.60 and $112.20 before breaking decisively above. A key support level appeared at $111.60–$111.65, where the pair found buying interest multiple times. Resistance levels at $112.95, $113.00, and $113.50 were sequentially tested and overcome, with a final break above $114.00 confirming a strong continuation pattern.

A notable bullish engulfing pattern formed at $112.05–$112.21, which marked the beginning of the upward thrust. A morning session doji at $112.70–$112.77 also signaled indecision before the trend reasserted itself.

Moving Averages

On the 15-minute chart, the 20-period MA (112.70) and 50-period MA (112.85) were closely aligned and were crossed multiple times during the day. The price closed well above both, suggesting a bullish bias. For the daily chart, the 50-period MA is at $113.00 and the 200-period MA at $112.40. LTCUSDT is comfortably above both, indicating a longer-term bullish trend.

MACD & RSI

The MACD crossed above the signal line during the early morning session and remained in positive territory throughout, confirming bullish momentum. The RSI reached 68 by the end of the session, approaching overbought territory but not yet signaling exhaustion. This suggests continued upward pressure, although traders may want to watch for a potential pullback in the near term.

Backtest Hypothesis

Given the observed MACD divergence and RSI readings, a backtesting strategy could involve a long entry at the 15-minute close of the bullish engulfing pattern, with a stop-loss below the nearest support at $112.00 and a target based on the Fibonacci extension of the recent bullish swing. The 61.8% Fibonacci level at $114.64 could act as a short-term profit target. This strategy would aim to capture a continuation of the breakout, leveraging both price action and indicator confirmation for a risk-reward profile of 3:1.

Bollinger Bands

Bollinger Bands showed a clear expansion throughout the session, with the upper band reaching as high as $115.23 and the lower band falling to $111.60. Price remained above the middle band for most of the session, indicating strong bullish bias. The volatility spike suggests increased buying pressure and a high probability of continued momentum in the near term.

Volume & Turnover

Volume spiked sharply during the late morning and early afternoon, especially in the 09:30–10:30 ET timeframe, confirming the bullish breakout. The largest volume spike occurred around $113.00–$113.05 with a turnover of over $5 million, reinforcing the strength of the move. The correlation between price and volume suggests a high degree of conviction among buyers.

Fibonacci Retracements

Applying Fibonacci retracements to the recent bullish swing from $111.60 to $113.05, the 38.2% level is at $112.24 and the 61.8% level is at $114.64. The price held well above the 38.2% level and approached the 61.8% level during the session. On a daily chart, the Fibonacci extension from the previous downtrend shows potential resistance at $115.20 and $116.50, which could be tested in the next 24–48 hours.

Looking ahead, LTCUSDT is well-positioned for further gains, assuming buyers continue to defend the $113.00 support level. A break above $114.50 could target the 61.8% Fibonacci extension at $114.64 and possibly extend to $115.20. However, traders should remain cautious about overbought RSI levels and watch for signs of distribution if the pair approaches $115.00. A pullback below $113.00 would invalidate the current bullish case and open the door for a deeper correction.