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

• Price opened at ¥16996 and closed near ¥17042, forming a bullish recovery from a mid-day pullback.
• Volatility remained elevated, with a 24-hour range of ¥126 and active price swings after 21:00 ET.
• Volume surged in late-night and morning sessions, aligning with upward price moves.
• RSI and MACD show moderate bullish momentum but not yet overbought conditions.
• Key support at ¥16870 held, while resistance appears near ¥17100–17115.

Litecoin/Yen (LTCJPY) opened at ¥16996 on 2025-09-20 at 12:00 ET and closed at ¥17042 on 2025-09-21 at 12:00 ET. The pair reached a high of ¥17237 and a low of ¥16858 during the 24-hour window. Total volume amounted to 255.414 LTC, and total turnover was ¥4,283,933.27 Yen. The pair experienced a mid-day pullback but regained strength in the late evening and early morning sessions.

Structure & Formations

The 15-minute chart shows a bearish breakdown and retest from ¥17021, followed by a strong bullish reversal from ¥16858–16863, marked by a hammer formation. Key support levels held around ¥16870–16880, and a bullish engulfing pattern formed at 02:15 ET (¥16906 to ¥16944). Resistance levels at ¥17050–17100 are currently congested, with a potential next target at ¥17150–17200.

Moving Averages

On the 15-minute chart, price has crossed above the 20-period and 50-period moving averages, indicating a short-term bullish bias. On the daily chart, the 50-day SMA is approaching the 100-day SMA, which may signal a convergence point or a potential breakout from a key trend channel. Price is currently trading above both the 20 and 50-period MAs on the 15-minute chart.

MACD & RSI

The 15-minute MACD crossed above zero and remains in positive territory, indicating sustained bullish momentum. The histogram has been expanding since 00:00 ET, suggesting strong accumulation. RSI stands at 58–60, indicating moderate strength without overbought conditions yet. If the RSI pushes above 65 and MACD shows a positive divergence, it may confirm a stronger bullish case.

Bollinger Bands

Volatility has expanded significantly, with the Bollinger Band width reaching a 3-week high. Price has spent most of the session outside the upper and lower bands, particularly between 02:00 and 04:00 ET, and again after 10:00 ET. This suggests increased market participation and potential breakouts. As of the close, price is sitting near the upper band, suggesting a potential for continuation or a pullback toward the mid-band.

Volume & Turnover

Volume spiked in the early morning (00:00–01:45 ET) and again in the late afternoon (10:00–12:00 ET), both times coinciding with significant price moves. The highest turnover occurred at 10:15 ET, when the price surged from ¥17111 to ¥17222. Volume has remained above average throughout the day, confirming bullish price action and suggesting strong institutional or retail participation.

Fibonacci Retracements

Applying Fibonacci levels to the major 15-minute swing from ¥16858 to ¥17237, key retracement levels include ¥17070 (38.2%), ¥17010 (50%), and ¥16960 (61.8%). Price appears to have found short-term support at ¥17010–17019 and is currently consolidating around ¥17040–17050, suggesting possible retests of ¥17070 or a breakout above ¥17110.

Backtest Hypothesis

A potential backtest strategy could involve entering a long position when the 20-period MA crosses above the 50-period MA (on the 15-minute chart), with a stop-loss placed below the most recent support level and a take-profit target aligned with the next Fibonacci level above the current price. This setup would aim to capture short-term bullish momentum while managing downside risk. The strategy could also include a trailing stop as price moves in the intended direction to lock in profits. Given the recent volume and momentum signals, this approach appears well-aligned with current conditions. Testing this strategy on historical LTCJPY data could help refine entry and exit parameters.