Market Overview: Livepeer/Tether (LPTUSDT) on 2026-01-07

Summary
• Price tested key support levels and formed a bullish engulfing pattern near 3.24.
• RSI indicates moderate bearish momentum, with potential for oversold conditions.
• Volatility expanded in the morning, with turnover peaking after a sharp decline.
• Bollinger Bands tightened late, suggesting potential for a breakout or consolidation.
• Fibonacci retracement levels at 3.31 and 3.27 suggest key price pivot points.

Market Overview

Livepeer/Tether (LPTUSDT) opened at $3.317 on 2026-01-06 12:00 ET, reached a high of $3.426, a low of $3.236, and closed at $3.352 as of 2026-01-07 12:00 ET. Total volume over the 24-hour period was 239,426.14, with a notional turnover of approximately $792,626.40.

Structure & Formations

Price action formed a bullish engulfing pattern after testing support at $3.24, suggesting a potential reversal. A series of lower highs and higher lows in the early morning indicated choppy conditions, but buyers reasserted themselves after 02:00 ET. . A strong bearish rejection occurred near $3.31–3.33 as resistance held on multiple occasions.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed into a bullish bias after the price moved above the 3.30–3.32 cluster. Daily moving averages (50/100/200) remained in a more neutral configuration, with price holding above the 200-day average, indicating no immediate bearish divergence.

Momentum & Volatility

RSI dipped below 30 in the early morning session, hinting at potential oversold conditions, while MACD showed a narrowing histogram as momentum slowed. Bollinger Bands tightened during the overnight hours, signaling a possible breakout. Volatility increased in the afternoon as price dropped sharply below key resistance levels, with volume confirming the bearish move.

Volume & Turnover

Notional turnover peaked around 03:00–05:00 ET, coinciding with the price’s sharp ascent above 3.35. Volume diverged slightly from price during the late morning sell-off, suggesting weaker conviction in the bearish move.

Fibonacci Retracements

Key Fibonacci retracement levels from the 24-hour move (3.236 to 3.426) include 3.31 (38.2%) and 3.27 (61.8%), both of which acted as pivotal pivot points. Price bounced off 3.27 and then found support at 3.31 before rallying again.

Livepeer/Tether may continue to consolidate in the 3.27–3.35 range over the next 24 hours as traders look for a directional catalyst. A break of 3.35 could attract more buyers, but a retest of 3.27 remains a key risk to monitor.