Livepeer/Tether (LPTUSDT) Market Overview: 2025-09-18

• Price surged from 6.725 to 7.152, forming a bullish continuation pattern.
• High volume spikes confirmed price action, with no significant divergence.
• RSI showed overbought conditions near 70, suggesting short-term consolidation.
• Volatility expanded with strong Bollinger Band breakouts after 7.120.
• MACD trended upward with positive histogram, reinforcing bullish momentum.

Livepeer/Tether (LPTUSDT) opened at 6.725 on 2025-09-17 at 12:00 ET, surged to a high of 7.200, and settled at 7.152 as of 12:00 ET on 2025-09-18. Total volume over the 24-hour period reached 337,191.67, with a notional turnover of approximately $2,377,051.34.

Structure & Formations

Price formed a strong bullish continuation pattern from 6.725 to 7.152, breaking above a key resistance level around 7.120–7.130. A bullish engulfing pattern was observed at 7.100–7.150, confirming a shift in momentum. Key support levels to watch are 7.000 and 6.900, while resistance lies around 7.200–7.250. A doji near 7.190 on 2025-09-18 at 15:00 ET suggests short-term indecision.

Moving Averages and Indicators

The 20-period and 50-period moving averages on the 15-minute chart remained bullish, with price consistently above both. The 50-period daily average is around 6.950, while the 200-period line resides near 6.800. This suggests that the 15-minute momentum is in favor of longs, though the daily chart remains in consolidation. MACD remains above zero with a positive histogram, confirming bullish momentum. RSI is currently in overbought territory (78.3) at the time of close, indicating potential short-term correction.

Bollinger Bands and Volatility

Volatility expanded significantly as price broke above the upper Bollinger Band during the 9:00–11:00 ET window on 2025-09-18. This expansion was confirmed by a large volume spike and a strong closing above the 7.130–7.140 range. Price has since traded within the bands, with a pullback toward the 7.100–7.120 range likely before a potential retest of 7.200.

Volume and Turnover Analysis

Volume and turnover moved in tandem during key breakout phases, particularly between 19:00–23:00 ET on 2025-09-17 and 03:00–09:00 ET on 2025-09-18. A divergence occurred briefly at 12:00–14:00 ET on 2025-09-18, where price declined while turnover remained steady. This divergence may signal a short-term reversal, but the overall volume profile supports a bullish bias.

Fibonacci Retracements

Recent 15-minute swings from 7.000 to 7.200 show price testing the 61.8% and 78.6% levels, currently around 7.130–7.150. Daily-level Fibonacci from 6.700 to 7.200 places 7.130 at a critical 61.8% retracement level, reinforcing its importance as a key support/resistance area. Price may test this level again before a potential break above 7.200.

Backtest Hypothesis

Given the current setup, a backtesting strategy could exploit the bullish continuation pattern by entering longs on a retest of 7.100–7.120 with a stop loss below 7.050 and a take profit at 7.200–7.250. This aligns with the observed volume confirmation and the RSI overbought condition, suggesting a high-probability entry point for traders looking to capitalize on a continuation of the upward trend. The use of Fibonacci retracement levels and Bollinger Band reversion offers clear technical targets to manage risk and reward effectively.