Livepeer/Yen (LPTJPY) Market Overview: 24-Hour Analysis

• LPTJPY declines from 925.8 to 945.0 amid mixed volume and momentum.
• Key 15-minute patterns include a bearish engulfing and a morning star near 919.2–921.6.
• MACD and RSI suggest moderate bullish momentum despite lower volatility.
• Price tested 929.3–935.3 and 910.1–919.1 support levels during overnight trading.
• Turnover increased in late-day buying, with volume spiking over 400+ at 947.1.

Overview

Livepeer/Yen (LPTJPY) opened at 925.5 on 2025-09-22 12:00 ET, surged to a high of 954.2, dipped to a low of 910.1, and closed at 945.0 by 12:00 ET on 2025-09-23. Total volume for the 24-hour window was 7,752.31 units, with a notional turnover of ¥7,684,551.49. The price displayed a volatile, range-bound bias, with multiple support and resistance levels being tested.

Structure & Formations

The candlestick pattern over the 15-minute timeframe reveals a bearish engulfing candle at 922.0 and a morning star at 919.2–921.6, suggesting potential short-term support. Price bounced multiple times off the 929.3–935.3 range, acting as a short-term resistance and consolidation area. The overnight low at 910.1 marked a key support level that held multiple times, forming a bullish reversal structure.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned, indicating a balanced market with no clear directional bias. On the daily chart, the price remains above the 50-day moving average but below the 100- and 200-day lines, implying that while short-term bullish momentum exists, long-term bearish pressure remains.

MACD & RSI

MACD lines have been fluctuating within a narrow range but have shown positive divergence with price at 945.0, suggesting potential upward momentum. RSI stands at 58 as of the close, signaling that LPTJPY is neither overbought nor oversold, though there are signs of strengthening buying pressure in the final hours of the reporting period.

Bollinger Bands

Volatility remained compressed until the final 4 hours, when Bollinger Bands expanded as the price moved above the upper band, suggesting a breakout attempt from the 945.0–954.2 range. Price currently resides near the upper band, indicating overbought conditions and a possible consolidation phase.

Volume & Turnover

Volume spiked significantly in the late afternoon and early evening, especially around the 947.0–951.0 level, indicating strong buying interest. Turnover increased in tandem with price surges, providing confirmation rather than divergence. The largest single-candle volume occurred at 947.1 with 244.46 units traded, supporting a potential breakout scenario.

Fibonacci Retracements

Applying Fibonacci retracements to the overnight swing low at 910.1 and the high of 954.2, key levels include 61.8% at 940.0 and 38.2% at 930.3. Price currently resides above the 61.8% level, indicating that the upward move from 910.1 is gaining strength and may test 954.2 again in the short term.

Backtest Hypothesis

A viable backtesting strategy could involve entering long positions on a close above the 935.3–945.0 range, with a stop-loss placed below the 930.0 Fibonacci level and a take-profit target at the 954.2 high. This approach would aim to capture potential bullish continuation if the 945.0–954.2 breakout is confirmed. Given the recent volume and RSI signals, this strategy has a moderate-to-high probability of success over the next 24 hours, provided the 930.0 level does not reassert as support.