Livepeer/Yen Market Overview: 24-Hour Price and Momentum Analysis

• LPTJPY saw a 24-hour low of 916.8 before closing near 925.0 amid moderate volatility.
• Key support levels at 916.8 and 922.3 were tested, with price rebounding both times.
• Momentum slowed in the final hours, with RSI and MACD showing bearish divergence.
• Volatility expanded early in the session, with a large candle at 06:15 ET driving the decline.
• Turnover spiked during the 06:15–06:30 ET and 00:45–01:00 ET periods.

Livepeer/Yen (LPTJPY) opened at 1004.2 on 2025-09-21 at 12:00 ET and closed at 925.0 on 2025-09-22 at 12:00 ET, reaching a high of 1008.0 and a low of 916.8. Total 24-hour volume was 4,554.79, and notional turnover amounted to ¥4,339,864.13.

The price action featured a sharp decline starting at 06:15 ET, with a candle closing at 980.8 following an intracandle range of 92.9. This was followed by a consolidation phase between 951.7 and 969.5, before a modest recovery toward 975.2. Afternoon trading saw a gradual retest of higher ground, peaking at 935.8 just before 13:15 ET. However, the session closed in bearish territory, with a final candle closing near 925.0, forming a bearish engulfing pattern.

Structure & Formations

Key support levels were identified at 916.8 and 922.3, with price bouncing off both areas in the final hours. A doji formed at 12:00 ET, suggesting indecision. The bearish engulfing pattern at the session’s close signals potential further downside. Resistance remains at 934.6 and 935.8, both of which were touched but not surpassed.

Moving Averages

On the 15-minute chart, price closed below the 20-period and 50-period moving averages, indicating bearish bias. On the daily chart, the 50-period MA crossed below the 100-period and 200-period MAs, forming a potential death cross. This reinforces the bearish technical outlook.

MACD & RSI

The MACD line dipped into negative territory in the final hours, while the histogram showed bearish divergence as prices rose but momentum failed to follow. RSI dropped below 30 during the morning session, indicating oversold conditions, though the rebound failed to confirm a reversal, with RSI closing near 38.

Bollinger Bands

Volatility expanded early in the session, with the 06:15 ET candle closing near the lower band. Price moved closer to the middle band during the morning and afternoon, but the final candle pushed it back toward the lower band, reinforcing the bearish pressure.

Volume & Turnover

The largest volume spikes were recorded at 06:15 ET (44.12) and 00:45 ET (214.28), both coinciding with large price moves. Turnover diverged from price in the afternoon, with volume declining as prices rose slightly. This suggests limited conviction in the recovery phase.

Fibonacci Retracements

Fibonacci levels drawn from the 916.8 low to the 935.8 high show that the close near 925.0 aligns with the 38.2% retracement level. A break below 922.3 would likely target 916.8 and then 909.1. On the 15-minute chart, retracement levels between 935.8 and 925.0 were tested, with the 61.8% level at 931.5 holding for a brief period.

Backtest Hypothesis

Applying a mean reversion strategy based on Bollinger Bands and RSI divergence could yield insights into potential short-term opportunities. A long entry could be triggered on a close above the upper Bollinger Band with RSI above 70, while a short entry might be triggered on a close below the lower band with RSI below 30. However, the recent bearish divergence in MACD and the weak close at the 38.2% retracement level suggest that a bearish bias may be more suitable for the next 24 hours, especially with key support at 922.3 and 916.8 looming.