Litecoin/Yen Market Overview (24-Hour) - LTCJPY

• LTCJPY closed higher at 17837, up from 17187 with a 24-hour high of 17866 and a low of 17524.
• Strong bullish momentum seen in the morning session with a key breakout above 17609 and sustained above 17500.
• Volatility spiked during the Asian session with a wide range of 2435 Yen.
• RSI hit overbought territory at 75+ in the late ET session, suggesting caution ahead.
• Volume increased during breakouts, confirming price action.

Litecoin/Yen (LTCJPY) opened at 17187 on 2025-09-12 at 12:00 ET and closed at 17837 by 12:00 ET on 2025-09-13. The 24-hour range reached a high of 17866 and a low of 17524. Total volume for the period was 610.68, while turnover (notional value) amounted to approximately ¥10.62 million.

Structure & Formations

The LTCJPY 15-minute chart displayed strong bullish structure in the early hours of the morning, with a key breakout above the 17609 level that was previously acting as resistance. A series of higher highs and higher lows formed an ascending channel, with 17500 as a critical support level that held during a brief pullback in the late ET session. A bullish engulfing pattern was observed at the 17725–17728 level, followed by a strong continuation to the 17866 high. A doji formed near 17581, indicating indecision, but buyers quickly regained control. The price appears to be testing the psychological 17800 level and may find resistance there in the short term.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period moving averages are both bullish, with the 20-line leading the 50-line. The 50-period MA is currently sitting around 17650, and the price is well above it, suggesting a strong bullish trend. On the daily chart, the 50-period MA is at 17450 and is being tested by the current price action. The 100-period and 200-period MAs are slightly lagging at 17300 and 17150 respectively, indicating a potential trend reversal or continuation depending on price behavior near these levels.

MACD & RSI

The MACD crossed above the signal line in the early morning and has remained positive throughout the session, with the histogram expanding during the breakout above 17609. This suggests growing momentum in the bullish direction. The RSI hit overbought territory around 75 in the late ET session, indicating that prices may be extending beyond fair value. However, the RSI has not yet shown signs of divergence with price, suggesting the uptrend could continue. Traders should watch for a RSI pullback below 60 as a potential short-term correction trigger.

Bollinger Bands

Volatility expanded significantly during the Asian session, with the upper band rising to 17880 and the lower band dropping to 17480. The price closed near the upper Bollinger Band at 17837, indicating strong bullish momentum. A contraction in the bands during the 17554–17559 range preceded the breakout, suggesting a breakout was imminent. If the price remains above the 17500 level, the upper band could serve as dynamic resistance.

Volume & Turnover

Volume increased substantially during the breakout above 17609 and again when the price extended to 17866. This confirms the strength of the move and rules out a false breakout. Turnover spiked in the 15-minute periods leading up to the 17866 high, with a peak of ¥276,000 in the candle that closed at that level. There were no significant divergences between price and volume, suggesting the trend remains intact. However, caution is warranted as overbought levels and high turnover could lead to a consolidation or correction.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 17524–17866 swing, key levels to watch are 61.8% at 17695 and 38.2% at 17765. The price currently sits just below the 61.8% retracement level at 17765. On the daily chart, the 61.8% retracement of the previous downtrend (assuming a prior swing from 18000 to 17100) is at 17580, which has already been tested. A retest of 17765 could confirm its role as a pivot point.

Backtest Hypothesis

Using a backtest strategy that triggers long entries when the 20-period moving average crosses above the 50-period MA and the RSI is below 50, with an exit when the RSI hits 70 or the 20-period MA crosses back below the 50-period MA, could have captured the recent uptrend. The strategy would have entered during the Asian breakout and exited near the 17866 high, yielding a strong positive return. Traders employing this strategy should incorporate a stop-loss below the 17500 level to protect against a reversal in the trend. This approach aligns well with the ascending channel and the current momentum in the market.