Litecoin/Yen 24-Hour Market Overview

• LTCJPY opened at ¥16,352 and surged to ¥16,799 before closing at ¥16,770, signaling a bullish bias.
• Price consolidated within a range of ¥16,334 to ¥16,799, with a sharp break and retest above ¥16,600.
• Volume spiked to ¥148,658 at 12:45 ET, suggesting strong institutional interest.
• RSI showed overbought conditions in the morning, followed by a pullback into neutral territory.
• Bollinger Bands expanded during the morning push, reflecting increased volatility and a breakout potential.

Litecoin/Yen (LTCJPY) opened at ¥16,352 on 2025-09-04 at 12:00 ET, surged to a high of ¥16,799 by 08:00 ET, and closed at ¥16,770 at 12:00 ET. The 24-hour volume was 633.895 lots, while the total turnover was ¥10,361,614. Price action showed a strong directional bias to the upside, with multiple bullish candlestick formations and a significant breakout above key resistance.

Structure & Formations

LTCJPY displayed a bullish trend over the 24-hour period, with multiple key resistance levels broken and retested. A strong bearish engulfing pattern was observed at ¥16,356 before a recovery began. Later in the day, a bullish piercing line at ¥16,738 signaled renewed buying interest. A large bullish candle at ¥16,799 (16:00–16:15 ET) confirmed a breakout above ¥16,738 resistance. A doji formed at ¥16,617 in the evening, suggesting temporary indecision. Notably, the price found support at ¥16,505 after the morning decline, reinforcing its importance as a psychological and Fibonacci level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (MAs) were below the current price, indicating a bullish bias. The 20-period MA crossed above the 50-period MA near ¥16,580, suggesting a short-term bullish trend. On the daily chart, the 50-period MA sat at ¥16,420, while the 100-period MA was at ¥16,350 and the 200-period MA at ¥16,270. Price was well above the 50 and 100-period MAs, confirming an uptrend. The 200-period MA remains a critical level to monitor for trend sustainability.

MACD & RSI

The MACD line crossed above the signal line around ¥16,600, confirming bullish momentum. The histogram expanded in the morning and afternoon, signaling growing bullish pressure. RSI reached 72 in the morning, suggesting overbought conditions, and retreated to the 55–60 range by the evening, indicating consolidation. RSI remains in the healthy 50–70 range, suggesting further upside potential is possible if buyers maintain control. The divergence between RSI and price at the end of the day hinted at a potential near-term pause.

Bollinger Bands

Bollinger Bands expanded significantly during the morning breakout phase, from ¥16,355 to ¥16,735. The upper band acted as a key resistance level before the price pushed through to ¥16,799. Price closed just below the upper band at 12:00 ET, indicating strong volatility but not yet overextended. The lower band remained at ¥16,480, with price staying above it for most of the session. The widening of the bands suggests growing volatility, and a retest of the upper band is likely in the near term.

Volume & Turnover

Volume surged at key turning points. A major spike at 12:45 ET (¥148,658) coincided with a high at ¥16,783, confirming strong accumulation. Earlier, a volume spike of ¥32.356 at 09:00 ET marked a breakout above ¥16,762. Volume generally increased with price action, confirming bullish momentum. Turnover aligned with volume and was highest during the morning and early afternoon. No divergence between price and turnover was observed, indicating strong consensus among buyers.

Fibonacci Retracements

Fibonacci retracements from the recent swing low at ¥16,334 and swing high at ¥16,799 showed key levels at 38.2% (¥16,568) and 61.8% (¥16,715). The price briefly tested the 38.2% level at ¥16,568 before pushing higher. The 61.8% level at ¥16,715 was a key resistance that the price broke through after consolidation. The 78.6% level at ¥16,865 is now a near-term target. On the daily chart, a larger swing from ¥16,307 to ¥16,902 shows a 61.8% retracement at ¥16,621, which the price tested before bouncing higher.

Backtest Hypothesis

Applying a breakout-based strategy that targets the upper Bollinger Band and 61.8% Fibonacci level with trailing stops would have generated significant profit during the 24-hour period. A buy signal could have been triggered around ¥16,715, with a stop just below ¥16,621 and a target near ¥16,865. Given the sustained bullish momentum and confirmed breakout, a similar strategy could be considered going forward, provided key support levels like ¥16,505 remain intact. This approach aligns well with the observed MACD crossover and RSI momentum.