Market Overview: Livepeer (LPTUSD) 24-Hour Summary for 2025-09-02

• • •

• Price formed a key 6.637 support and rebounded with volume confirmation.
• Volatility expanded during the 20:45–21:15 ET selloff, hitting a 24-hour low of 6.575.
• Price closed at 6.744, up 0.6% from 12:00 ET, with a bearish divergence in RSI.
• Bollinger contraction noted early, followed by a sharp price move outside the upper band.
• Fibonacci 61.8% level at 6.74 aligns with the 12:00 ET close, suggesting a potential turning point.

Opening Summary and Context

Livepeer (LPTUSD) opened at 6.696 on 2025-09-01 12:00 ET, reached a high of 6.784, a low of 6.575, and closed at 6.744 as of 2025-09-02 12:00 ET. The total traded volume over the 24-hour period was 859.51, with a notional turnover of $5,788.85. The price showed a mild bullish bias in the final hours, closing near its upper Bollinger band.

Structure & Formations

A key support level formed at 6.637 after a 15-minute bearish engulfing pattern on the 131500 candle. The price subsequently bounced and formed a bullish morning star pattern around 6.702–6.722, which may signal a short-term reversal. A large 15-minute bearish candle at 20:45 ET (6.658–6.575) marked the lowest point of the session and formed a bearish key level that held temporarily. A potential resistance zone is forming around the 6.784–6.787 range, where a doji pattern and wick suggest indecision among buyers.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages crossed at ~6.70–6.72, supporting a potential bullish continuation. The 50-period MA now sits at 6.73, slightly below the closing price. On the daily chart, the 200-period MA is around 6.75, which could become a key level in the next 24 hours. The RSI is currently at 55.6, indicating neutral momentum with no strong overbought or oversold conditions. The MACD is positive at 0.06 but has flattened, suggesting the bullish momentum may be fading.

Bollinger Bands and Volatility

Bollinger bands showed a contraction in the early morning hours (04:00–06:00 ET), followed by a sharp expansion after the 20:45 ET selloff. The price closed near the upper band at 6.744, indicating a high volatility environment. A break above 6.784 could lead to a test of the upper Bollinger channel, while a retest of the lower band at 6.575 could confirm bearish momentum.

Volume & Turnover

Volume spiked during two key intervals: 204500–220000 ET and 004500–063000 ET. These spikes coincided with sharp price declines and a subsequent rebound, respectively. Notional turnover spiked during the 204500–214500 ET sell-off to $514.25 and again during the 004500–063000 ET rebound to $583.40. The price and turnover aligned during both phases, suggesting order flow consistency.

Fibonacci Retracements

Applying Fibonacci retracement to the key 6.575–6.784 swing shows the 61.8% level at 6.738, just below the 12:00 ET close. This suggests that price is testing a potential reversal zone. On the daily chart, the 61.8% level is near 6.72, which may act as a short-term pivot. A break above 6.784 would test the 78.6% level at ~6.83, but current volume suggests this is unlikely in the near term.

Backtest Hypothesis

A backtesting strategy could exploit the combination of RSI divergence, Bollinger band proximity, and volume confirmation. A potential entry would be at the close of a bullish engulfing pattern (e.g., 163000 or 183000 ET) with a stop below the previous swing low. A trailing stop could be placed at the 6.637 support level. Given the current RSI flatness and volume behavior, a short-term reversal is probable, with a target of 6.784 and a stop at 6.675. This strategy would align with the observed price structure and Fibonacci levels discussed.