Livepeer/Tether (LPTUSDT) Market Overview: October 7, 2025 (24-Hour Analysis)

• Price fell from 6.73 to 6.295 over 24 hours with a 6.6–6.7 resistance cluster.
• RSI below 30 indicates oversold conditions, while volume surged during the decline.
• Bollinger Bands show a sharp contraction late in the session following a volatile sell-off.
• Key Fibonacci levels align with 6.42, 6.32, and 6.28, suggesting possible support levels.
• 20-period moving average is bearish, below price action, confirming downward momentum.

The LPTUSDT pair opened at 6.634 at 12:00 ET on October 6 and closed at 6.295 by 12:00 ET the following day, after reaching a high of 6.73 and a low of 6.265. Total volume during the 24-hour window reached 188,768.19 units, with a notional turnover of $1,230,416.64. The price action reflected a sharp downward drift, particularly from 13:45 ET onward.

Structure & Formations

Price action showed bearish engulfing patterns between 13:45 ET and 16:00 ET, as well as a long lower wick in the final candle, hinting at potential rejection of further downside. Key resistance levels include 6.6 and 6.65, where multiple doji and indecisive candles emerged during the session. A critical support cluster appears to be forming between 6.3 and 6.35, reinforced by the 61.8% Fibonacci retracement level from the recent high to low.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remained bearish, with price settling well below both. On the daily timeframe, the 50-period SMA continues to trend lower, while the 200-period SMA provides a broad overhead line. The 100-period SMA crossed below the 50-period SMA at the beginning of the session, reinforcing the bearish bias and signaling a possible continuation of the downward trend.

MACD & RSI

The MACD line turned negative and crossed below the signal line during the early afternoon, confirming the bearish momentum. The histogram showed widening bearish divergence in the last 2 hours of the session. The RSI dipped into oversold territory, below 30, suggesting a potential short-term bounce but not necessarily a reversal of the broader downtrend.

Bollinger Bands

Volatility spiked as the pair fell below the lower Bollinger Band during the final hours of the session. A sharp contraction was observed in the late evening hours, indicating a period of consolidation before the sell-off. This could signal a potential reversal point, though the price remains within a bearish context and has yet to test the 6.3–6.35 support corridor.

Volume & Turnover

Volume surged during the key 13:45–16:00 ET timeframe, coinciding with the largest price drop of the session. Turnover also spiked during this period, indicating strong conviction in the downward move. Divergence between volume and price was minimal, as the price action was largely confirmed by increased selling pressure. Turnover during the final 2-hour window was over $130,000, nearly 10% of the total daily turnover.

Fibonacci Retracements

The 61.8% retracement level at 6.32 is a key area to watch, with the 38.2% level at 6.42 acting as a secondary support. The pair has already tested the 6.35–6.40 range twice in the last 24 hours without breaking below. A potential bounce from these levels may test the 6.45–6.50 range, which aligns with prior 15-minute support levels. A breakdown below 6.28 could target 6.24, with further risks to 6.20 if the trend continues.

Backtest Hypothesis

Given the bearish structure and oversold RSI readings, a potential backtest strategy would involve entering a short position upon a break of the 6.32–6.35 support corridor, with a stop-loss above the 6.42 level. A target could be placed at 6.28, with a second target at 6.24 if confirmed by a strong candle. Volume confirmation during the break is essential to filter out false signals. This approach leverages a combination of key Fibonacci levels, RSI, and volume to improve the probability of a successful short trade in a trending environment.