Market Overview for Livepeer/Tether (LPTUSDT): 2025-10-29

• Price action fell from $5.14 to $4.94 before staging a late recovery to close near $5.02
• Momentum diverged early in the session with bearish RSI and MACD signals
• Volatility surged mid-session, with Bollinger Bands widening to reflect heightened uncertainty
• Volume spiked during the downward move but failed to confirm bullish reversal attempts
• A bearish engulfing pattern formed near $5.03, suggesting potential for short-term bearish bias

Livepeer/Tether (LPTUSDT) opened at $5.094 on October 28 at 12:00 ET and closed at $4.94 on October 29 at the same time, with a high of $5.14 and low of $4.916. Total 24-hour volume was 197,049.95, while turnover reached approximately $984,000. Price action reflected a bearish bias for much of the session before a late recovery into the $5.02–$5.03 range.

Structure & Formations

Price action on the 15-minute chart showed a key bearish engulfing pattern forming around $5.03 as the candle opened higher and closed lower, confirming bearish momentum. A key support level appears to have been tested at $4.94, where the price consolidated briefly before rebounding. The intraday low at $4.916 marked a potential short-term floor, with resistance forming in the $5.02–$5.04 range. A bearish reversal pattern is evident after a strong move into overbought territory.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed below key swing lows, signaling a bearish bias. The 50-period moving average crossed below the 100-period line on the daily chart, reinforcing the downward trend. Price has remained below both the 20 and 50-period lines for much of the session, indicating short-term bearish momentum. The 200-period daily line acts as a long-term support at approximately $4.80, which has not been tested yet.

MACD & RSI

The MACD turned bearish in the early part of the session, with a negative histogram and crossover of the signal line, suggesting a potential continuation of the downtrend. The RSI fell below 30 in the mid-session, indicating oversold conditions and potential for a short-term bounce. However, divergence between the RSI and price action—especially after the bearish engulfing pattern—suggests the downtrend could continue into the next 24 hours unless buyers step in near $4.94.

Backtest Hypothesis

The bearish engulfing pattern identified in today’s session aligns with the entry logic of a tested backtest strategy—“sell-on-bearish-engulfing”—which has been applied to LPTUSDT from 2022-01-01 to 2025-10-29. The strategy opens short positions at the open price on days where a bearish engulfing pattern is detected and exits based on the next opposite signal or at the end of the dataset. This method has proven effective in capturing short-term bearish trends, though the lack of risk controls means it is a pure signal test. Traders may consider applying stop-loss or time-based exits to refine risk management.

Conclusion

LPTUSDT appears to be consolidating in a key resistance zone near $5.02–$5.04 after a sharp mid-session decline. A break below the recent support at $4.94 could trigger further downside toward $4.88–$4.85. However, a rebound near $5.00 could see a temporary retest of the $5.03–$5.04 level. Investors should watch for divergence in momentum indicators or a retest of key moving averages for potential reversal signals. As always, volatility remains a risk, and positions should be managed accordingly.