Livepeer/Yen (LPTJPY) Market Overview

• Price declined 24 hours to 771.0 from 780.8, with mixed momentum.
• High volatility seen in early trading, followed by consolidation.
• Volume spiked during 12:00–04:00 ET, while turnover remained moderate.
• RSI shows oversold conditions mid-day, while MACD remained neutral.
• Key support at 760.6 and resistance at 778.1 defined recent swings.

Market Summary

At 12:00 ET on November 13, 2025, Livepeer/Yen (LPTJPY) opened at 771.5, reaching a high of 780.8, a low of 757.5, and closing at 771.0. Over the 24-hour period, total volume traded was 2,271.45 units, and turnover amounted to approximately ¥1,754,560. The pair exhibited a volatile and choppy price structure, with several bearish and bullish candle formations emerging in response to shifting momentum.

Structure & Formations

The 15-minute chart displayed multiple significant patterns. A bearish engulfing pattern emerged at 19:00 ET, confirming a downward reversal from 767.8 to 757.5. This was followed by a doji at 22:15 ET, suggesting indecision at 771.4. Notable support levels were identified at 760.6 and 757.5, while 778.1 acted as a key resistance. The pair appeared to struggle for a clear directional bias throughout the session, as evidenced by the mixed candlestick shapes.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed multiple times, indicating a non-trending and volatile profile. On the daily chart, the 50-period SMA was slightly above the 200-period, indicating a mildly bullish bias in the broader context, though this was not reflected in the recent intraday action.

MACD & RSI

The RSI hit oversold territory (below 30) at 05:00 ET, signaling potential for a short-term bounce, which did occur slightly afterward. However, the momentum was short-lived. The MACD histogram remained close to the zero line for most of the period, showing that positive and negative momentum were largely balanced. This suggested a lack of strong directional conviction in the market.

Bollinger Bands

Volatility expanded in the early session, particularly around 18:00–20:00 ET, with prices frequently testing the upper and lower Bollinger Bands. This indicated heightened interest and potential breakout attempts. By mid-morning, the bands had contracted, suggesting a period of consolidation and possible preparation for the next directional move.

Volume & Turnover

Volume surged during the early part of the session (12:00–04:00 ET), peaking at a 15-minute volume of 343.03, during a bullish move from 773.2 to 780.8. However, as the session progressed, volume significantly declined, even hitting zero in several 15-minute intervals. Notional turnover remained steady but did not follow a strong correlation with volume, hinting at a possible divergence between liquidity and price action.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing from 771.6 to 774.9, the 38.2% level (773.6) was briefly tested before a pullback. On the daily chart, the 61.8% retracement level from the previous swing (761.5–771.6) was 766.3, which coincided with a notable support level seen during the 03:00–03:15 ET period. These levels may serve as potential pivot points in the near term.

Backtest Hypothesis

Given the mixed momentum and key support/resistance levels observed, a short-term trading strategy could be considered. A Bullish Engulfing pattern appeared at 09:15–09:30 ET, followed by a small rebound. If we were to backtest a strategy that buys at the next day’s open after a Bullish Engulfing pattern and sells at that day’s close, we might expect a return of ~1.0–2.5% over one trading day, depending on timing and execution. A fixed-hold strategy (e.g., holding for 3 days) would depend on the direction of the broader trend, which currently appears neutral.