Livepeer/Yen Market Overview for 2025-10-05

• Price of LPTJPY surged to ¥984.0 before correcting sharply to close near ¥958.9.
• Volatility expanded notably as price moved from ¥946.7 to ¥984.0, with a 20%+ range.
• Late-night buying pushed price to highs, followed by a bearish rejection and a sharp decline.
• Momentum shifted multiple times, with RSI showing overbought conditions followed by sell pressure.
• Volume spiked during the rally and during the sharp selloff in the early afternoon.

Livepeer/Yen (LPTJPY) opened at ¥946.7 on 2025-10-04 at 12:00 ET and closed at ¥958.9 by 12:00 ET on 2025-10-05, reaching a high of ¥984.0 and a low of ¥946.7. Total traded volume over the 24-hour period was 16,904.78 with a turnover of ¥16,268,578.01, reflecting strong market participation across multiple waves of price movement.

Structure & Formations

The 24-hour chart shows a distinct bullish breakout in the early morning hours, followed by a bearish correction later in the day. Key support levels emerged around ¥960–965 and ¥956–958, with resistance forming at ¥975–978 and ¥980–984. Notable candlestick patterns include a strong bullish engulfing pattern as price surged from ¥959.1 to ¥971.2 and a bearish harami during the afternoon selloff between ¥975.7 and ¥979.1. A doji formed at ¥978.8 in the morning, indicating indecision before the price resumed its decline. The late-day consolidation suggests a potential pause in bearish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed multiple times, indicating choppy momentum and a lack of a clear trend. Price tested the 20-period line on multiple occasions, particularly during the morning rally, but failed to hold above it during the afternoon. On the daily chart, the 50-period MA is at ¥960.7, and the 100-period MA is at ¥957.2, with the 200-period MA sitting near ¥954.6. The price closed above the 50-period line, suggesting a possible short-term bullish bias.

MACD & RSI

The MACD showed divergence during the afternoon sell-off, with the line dipping below the signal line and remaining in negative territory for an extended period. This suggests bearish momentum is gaining traction. The RSI reached overbought conditions above 70 during the early morning rally and fell into oversold territory below 30 during the afternoon and evening sell-off. This sharp oscillation indicates strong volatility and potential for further price correction or a rebound from oversold levels.

Bollinger Bands

Bollinger Bands displayed a wide expansion during the morning rally, reflecting heightened volatility as price surged from ¥959.1 to ¥971.2. Price then moved into the lower band during the afternoon and evening selloff, which is often a sign of short-term oversold conditions. The bands have since narrowed slightly in the late trading hours, suggesting a possible consolidation period ahead. This could lead to a breakout or a retest of key support levels.

Volume & Turnover

Volume spiked significantly during the morning rally, peaking at over ¥1,391.26 in the 7:30–7:45 ET window, and again in the afternoon selloff when large blocks of volume traded at ¥958.4–958.9. Notional turnover mirrored this, with large trades occurring during both bullish and bearish waves. The correlation between volume and price movement during these periods suggests that these moves were driven by genuine buying and selling pressure, not just liquidity or noise.

Fibonacci Retracements

Fibonacci retracement levels were notably hit during the afternoon sell-off, with price retesting the 61.8% level near ¥961.9 and the 38.2% level near ¥965.0. The 50% level at ¥968.4 acted as a key barrier during the morning and evening sessions. These retracement levels may offer opportunities for short-term traders looking for potential reversal points. The price currently resides near the 38.2% level, suggesting that a further pullback could test the 50% level.

Backtest Hypothesis

A backtesting strategy could focus on using the RSI crossover combined with Bollinger Band rejections as a signal for potential short-term reversals. For example, if RSI drops below 30 and price touches the lower Bollinger Band without breaking it, a long entry could be considered with a stop-loss below the 38.2% Fibonacci level. Conversely, a short entry could be triggered when RSI crosses above 70 and price breaks the upper Bollinger Band. This strategy would aim to capitalize on overbought and oversold conditions while minimizing exposure to false breakouts.