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

• LTCJPY opened at ¥16,665 and closed at ¥16,879 on 2025-09-16 with a high of ¥16,954 and a low of ¥16,563.
• A 15-minute bullish engulfing pattern formed around 05:30 ET after a consolidation phase below ¥16,750.
• Volume surged by 44.791 units at 14:30 ET amid a sharp pullback to ¥16,669, indicating potential short-term exhaustion.
• RSI remained in overbought territory for most of the session, suggesting heightened momentum amid consolidation.
• Price traded within a 400-yen range for most of the night before a sharp rally to a new intraday high.

Litecoin/Yen (LTCJPY) opened at ¥16,665 on 2025-09-16 and closed at ¥16,879 by 12:00 ET, forming an intraday high of ¥16,954 and a low of ¥16,563. Total traded volume was 44.791 units, with a notional turnover of approximately ¥685,000 across the 24-hour period. The pair displayed a strong reversal pattern following a consolidation phase and saw renewed buying interest toward the end of the session.

Structure & Formations

The LTCJPY chart displayed a bullish engulfing pattern during the early morning hours, specifically around 05:30 ET, as the price moved from ¥16,667 to ¥16,794. This formation suggests a potential reversal from a downtrend to an uptrend. Key support levels were identified at ¥16,650 and ¥16,560, with the latter being tested during the late-night pullback. Resistance levels include ¥16,827, ¥16,869, and ¥16,923, where price showed hesitation and consolidation during the day. A notable bearish divergence appeared in volume at ¥16,941, where volume dropped despite the price making a new intraday high, raising questions about the strength of the rally.

Moving Averages

On the 15-minute chart, LTCJPY crossed above the 20-period and 50-period moving averages by late morning, reinforcing a bullish bias. The 50-period line sat near ¥16,775, acting as a dynamic support during the early part of the session. On a broader scale, the 50-period daily moving average was near ¥16,600, suggesting that the recent rally has outperformed its longer-term trend. The 200-period moving average, at ¥16,500, remained a critical long-term floor.

MACD & RSI

The MACD crossed above the zero line in the early morning, signaling a shift in momentum toward the bulls. The histogram showed a broadening positive bar during the 05:30-06:00 ET period, confirming the strength of the rally. RSI remained in overbought territory for much of the session, reaching 76 at 06:00 ET before retreating to 68 by noon. This suggests that while momentum remained strong, caution is warranted as overbought levels often precede pullbacks.

Bollinger Bands

Volatility expanded significantly during the early morning hours as LTCJPY moved from ¥16,667 to ¥16,794. By 07:00 ET, the Bollinger Bands had widened to a 300-yen range, indicating increased market activity. The price closed near the upper band at ¥16,879, suggesting that the bulls had control of the short-term narrative. However, the recent divergence in volume at ¥16,941 raises questions about the sustainability of this move.

Volume & Turnover

Volume spiked during key price levels, most notably at 14:30 ET, when a large 44.791-unit volume trade moved the price to ¥16,669. This move was followed by a sharp rebound, suggesting short-term buying interest. The volume-to-price action during the morning breakout was supportive of the bullish thesis, with volume increasing alongside the price move. However, the divergence at ¥16,941 may indicate a temporary pause in the rally.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing (¥16,563 to ¥16,954), the 61.8% retracement level sits at ¥16,773, which coincides with the 50-period moving average. The 38.2% level is at ¥16,846, a level where the price showed consolidation during the afternoon. The 61.8% level may act as a short-term support or consolidation zone in the coming hours, depending on how the price reacts to the 16,923 resistance level.

Backtest Hypothesis

Given the technical setup, a potential backtest strategy could focus on entering a long position after a bullish engulfing pattern forms near key support levels. For example, a long entry at ¥16,700, following confirmation above the 50-period moving average and a break of ¥16,773 Fibonacci level, could target ¥16,900 with a stop-loss placed below ¥16,660. This approach aligns with the recent price behavior and could be tested across multiple time frames and assets with similar profiles.