Litecoin/Tether USDt Market Overview

• Price surged to $118.73 before consolidating, forming a bearish reversal pattern.
• Volatility spiked during the 16:30–18:45 ET window, with volume exceeding 77,000 LTC.
• RSI and MACD showed weakening momentum, hinting at near-term overbought conditions.
• Bollinger Bands expanded during the move up, later narrowing as price stabilized.

Litecoin/Tether USDt (LTCUSDT) opened at $114.51 on 2025-09-10 at 12:00 ET and reached a high of $118.73. It closed at $116.92 at 12:00 ET on 2025-09-11. Total volume was 642,524.402 LTC, with a turnover of $75,409,604 USD, reflecting heightened participation and volatility during the session.

Structure & Formations

The 24-hour candlestick chart showed a strong bullish impulse from $114.59 to a peak of $118.73, followed by a sharp consolidation phase. A bearish engulfing pattern formed during the 16:30–16:45 ET window as price reversed from $118.16 to $116.78. Multiple doji appeared during the consolidation phase between 18:45 and 21:00 ET, signaling indecision. Key support levels emerged around $116.30 and $115.30, both tested multiple times with strong bounce reactions. A strong resistance zone is forming around $117.30–117.45, where price repeatedly stalled.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed above the price during the rally to $118.73, providing momentum confirmation. However, the 50-period MA began to pull away from price as the consolidation took hold, indicating a potential divergence. On the daily chart, the 50-period MA is at $116.20, closely aligned with the current price. The 200-period MA is at $114.85, suggesting the asset remains above long-term support.

MACD & RSI

The MACD histogram showed a strong positive divergence during the bullish surge but started to flatten out after the peak at $118.73, signaling waning momentum. The RSI reached an overbought level of 67 during the rally, confirming the strength of the move but also highlighting potential for a pullback. Currently, the RSI is at 53, within neutral territory, though it remains above the 50 line. This suggests price may test the $116.20–115.80 range before finding a new direction.

Bollinger Bands

Volatility expanded significantly during the bullish move, with the bands widening from approximately $114.00–115.00 to $115.00–118.00. Price spent most of the consolidation phase near the middle band, and a contraction is forming at $116.00–117.00, suggesting a potential breakout ahead. The current price of $116.92 is positioned slightly above the 20-period moving average within the Bollinger Band midline, indicating potential for a breakout to the upside or a pullback to test the lower band.

Volume & Turnover

Volume surged to 77,581.534 LTC at 16:30 ET during the initial bullish push, with a total turnover of $9,186,370. This was the largest single candle volume of the 24-hour period. However, volume dropped to average levels of 4,000–6,000 LTC during the consolidation phase. The price-volume divergence during the late evening and night hours suggests traders are waiting for a clear breakout signal. Turnover remained consistent with price direction, with higher turnover observed during key breakout and reversal candles.

Fibonacci Retracements

Applying Fibonacci retracement to the 16:30–18:30 ET swing (from $114.59 to $118.16), the 38.2% level is at $116.94 and the 61.8% level is at $116.33. Price found initial support at the 61.8% level before bouncing, suggesting it could act as a temporary floor. On the daily chart, the 38.2% retracement of the recent weekly swing is at $116.20, aligning with the 50-period MA and indicating strong psychological support.

Backtest Hypothesis

A potential backtesting strategy could involve entering a short position on a bearish engulfing pattern confirmed by a close below the 50-period moving average and RSI above 60 (overbought). A stop-loss could be placed at the high of the engulfing candle, with a take-profit target at the 61.8% Fibonacci retracement level. This strategy aligns with the observed price behavior and could provide a high-probability trade setup in the near term.