Livepeer/Yen Market Overview for October 31, 2025

• LPTJPY traded in a broad range, falling from 719.3 to 686.7 before a late recovery to 728.9.
• A key Bearish Engulfing pattern formed early in the session, followed by a Bullish Reversal in the last 4 hours.
• Volatility expanded mid-session, with volume spiking to 2,685.11 and a large bearish move.
• RSI bottomed near oversold levels, suggesting potential exhaustion in the downtrend.
• Price tested and retested a key 710.5 level, now potentially consolidating above.

LPTJPY opened at 719.3 at 12:00 ET–1 and traded as low as 686.7 before a late recovery to a 24-hour high of 728.9 at 4:45 AM ET. Total volume for the session reached 9,758.08 with turnover hitting 6,903,838.15 (calculated using close prices). The candlestick pattern sequence suggests a complex emotional shift, starting with bearish dominance and ending with renewed bullish momentum.

Structure & Formations

A strong Bearish Engulfing pattern emerged at 1:15 AM ET, where the price opened at 702.2 and closed at 690.0, signaling a potential short-term top. This was followed by a Deep Green Candle at 1:45 AM with a high of 690.0 and a close of 688.3, indicating continued bearish pressure. However, a Bullish Reversal pattern formed in the last 2.5 hours, with price rising from 710.5 to 728.9, suggesting a potential short-term bottom.

Moving Averages

On the 15-minute chart, the 20-period MA would have crossed below the 50-period MA mid-session, confirming bearish momentum. However, a crossover back above the 50-period MA in the final hours indicates a short-term recovery. On the daily timeframe, the 50-period MA is likely above the 100 and 200-period MAs, suggesting medium-term bullish bias, but the recent 15-minute action contradicts that for the immediate future.

MACD & RSI

MACD turned negative mid-session, confirming bearish momentum, but a sharp move back above the signal line in the last hour suggests a possible reversal. RSI fell to oversold territory (around 28) near 3 AM and then reversed upward, confirming the potential for a bullish bounce.

Bollinger Bands

Volatility expanded as price dropped from 719.3 to 686.7, pushing the bands wider. Price found support near the lower band at 710.5, then closed just above the centerline, suggesting consolidation. A sustained move above the upper band could confirm a breakout, while a retest of the lower band remains a key risk level.

Volume & Turnover

Volume spiked sharply at 1:15 AM ET with 2,685.11 units traded, confirming the bearish reversal at that point. Turnover followed in tandem, with a peak of 690,000 in that candle. A divergence appeared between falling price and rising turnover during the final 90 minutes, suggesting growing interest in the bullish direction. This divergence supports a short-term reversal scenario.

Fibonacci Retracements

Applying Fibonacci to the major 15-minute move from 719.3 to 686.7, the 61.8% level is around 703.5 and was tested at 2:30 AM. Price then rebounded off the 710.5 level, which is close to the 50% retracement level of this move. On the daily chart, Fibonacci retracement of a larger uptrend could suggest a key level near 735.0 as a potential target for continued bullish momentum.

Backtest Hypothesis

A potential backtesting strategy could leverage the Bearish Engulfing pattern identified at 1:15 AM ET. A sell order would be triggered at the close of that candle (690.0). For a meaningful test, an exit rule must be defined. A 1-day holding period, closing the position at the next day’s close, is a reasonable approach to test the signal’s effectiveness. This would allow for measuring the average return and win/loss ratio from 1 January 2022 to today, helping to validate the pattern’s reliability under real market conditions.