Litecoin/Yen (LTCJPY) Market Overview: 24-Hour Technical Summary

• LTCJPY opened at 14124.0 and closed at 14414.0, with a 24-hour high of 14434.0 and low of 13718.0.
• A bullish reversal pattern emerged after a sharp dip to 13718.0, followed by a strong rebound above 14200.0.
• Momentum picked up late in the session, with volume spiking as price closed near the upper Bollinger Band.
• RSI rose into overbought territory, while MACD showed a positive divergence as price pulled back before surging.
• Volume distribution was uneven, with most of the trading activity concentrated between 19:00 and 06:00 UTC.

The Litecoin/Yen pair (LTCJPY) opened at 14124.0 on 2025-10-22 at 12:00 ET and closed at 14414.0 the following day at 12:00 ET, after reaching a high of 14434.0 and a low of 13718.0. The 24-hour session saw significant volatility, with a total volume of 1,641.27 LTC and a notional turnover exceeding 23.3 million JPY, reflecting heightened market activity amid a key price recovery phase.

The price action was marked by a sharp decline in the early evening hours, breaking below key support at 14100.0 before stabilizing at 13718.0. A subsequent bullish reversal was led by strong volume and a bullish engulfing pattern that formed at the bottom of the decline. This was followed by a steady and largely sustained rally, with price reclaiming key resistance levels and ultimately closing near the upper Bollinger Band. The 15-minute chart shows that the 20-period and 50-period moving averages were both bullish during the final hours of the session, reinforcing the upward bias.

RSI reached overbought levels near 75, while MACD displayed a positive divergence during the pullback phase, suggesting potential for further upward movement. Bollinger Bands expanded during the recovery phase, indicating increasing volatility. The price spent most of the session within the bands but closed near the top edge, suggesting a potential continuation of the bullish momentum. Fibonacci retracement levels showed that the 61.8% level at 14154.0 was a significant psychological and technical support that held during the rebound.

The backtest hypothesis under consideration involves identifying and acting on Bullish-Engulfing patterns in LTCJPY price data. Given that the current query for LTC/JPY is failing, a practical alternative is to source data from a closely correlated pair such as LTC/USDT or LTC/USD, which often have broader coverage and consistent candlestick data. Once the data is confirmed and cleaned, the backtest logic can be applied with the same holding-period rules. If you already have the specific dates (yyyyMMdd) on which a Bullish-Engulfing pattern occurred for LTC/JPY since 2022, those can be provided directly for a faster backtest execution. This will allow us to assess the pattern’s reliability in generating profitable signals under similar technical conditions.