Livepeer/Tether (LPTUSDT) Market Overview: 24-Hour Price Recovery Amid Volatility

• Price plunged 33% in 4.5 hours on 2025-10-10, hitting a low of $2.137 before rebounding.
• Rebound momentum waned after a strong 7.5-hour consolidation phase.
• Intraday volatility spiked with a 50% move from low to high within 3 hours.
• Volume and turnover surged during the rebound but declined ahead of the close.
• No decisive reversal patterns emerged, but Fibonacci levels may offer near-term direction.

The Livepeer/Tether (LPTUSDT) pair opened at $6.232 on 2025-10-10 at 12:00 ET, reaching a high of $6.282 before plummeting to a 24-hour low of $2.137. It closed at $4.773 on 2025-10-11 at 12:00 ET, with a 24-hour trading volume of 1,368,366.99 and a turnover of $5,281,134. The price action reflected sharp bearish momentum in the early session, followed by a gradual recovery into the overnight and early morning hours.

On the 15-minute chart, key support levels were identified at $4.59 (initial stop level), $4.46 (Fibonacci 61.8% of the early selloff), and $4.35 (Fibonacci 78.6%). Resistance levels appear at $4.83 (daily high) and $4.88 (a failed breakout level earlier). A notable pattern observed was a bullish engulfing candle on 2025-10-11 at 01:15 ET, which marked the beginning of the rebound phase. However, the strength of that pattern was not followed by a strong continuation candle, suggesting the rally could face resistance again. A doji appeared around $4.81 on 2025-10-11 at 09:45 ET, signaling potential indecision ahead.

The 20-period and 50-period moving averages on the 15-minute chart crossed below the price during the selloff, but the price later recovered above both, signaling a potential short-term reversal. The RSI moved into oversold territory during the selloff, reaching 24, but failed to close above 50, indicating weak bullish conviction. MACD showed a bearish crossover during the early session, but the histogram gradually turned positive as the recovery gained momentum. Volatility, as measured by Bollinger Bands, expanded significantly during the selloff and began to contract during the consolidation phase, suggesting a possible period of consolidation or renewed directional bias ahead.

The 61.8% Fibonacci retracement level from the $6.282 high to the $2.137 low sits at $4.48, which coincided with a key support level. Price paused at that level before resuming the rebound, indicating it could hold as a potential support zone. In terms of volume and turnover, the strongest buying interest occurred between 01:00 and 02:30 ET, with a total volume spike of 930k and turnover of $4.3 million during that window. However, price failed to close above key resistance levels, and volume dropped off after 06:00 ET, indicating waning momentum. A divergence between price and volume could signal a potential reversal, but confirmation is pending.

The backtesting strategy involves a short-term reversal-based approach using the 50-period and 20-period EMA cross as a signal line on the 15-minute chart. A long entry is triggered when price closes above the 50 EMA with volume above the 20-period average, and a stop loss is placed at the low of the preceding 15-minute bar. A take profit is set at the 38.2% Fibonacci level of the last swing. Given the current setup, the strategy may offer opportunities as price approaches $4.83 resistance, assuming it can break through with strong volume. However, a failure to hold above $4.77 may prompt a retest of the $4.62 support zone.