Summary
• Price formed bullish engulfing and bearish harami patterns on 5-minute chart.
• MACD showed fading momentum, while RSI indicated overbought levels early in the session.
• Volatility expanded as price broke through key resistance and tested Bollinger Band upper levels.
• Turnover spiked during the final 6 hours, confirming recent price action.
• Fibonacci retracement levels aligned with key resistance, suggesting potential pullback.
At 12:00 ET–1 on 2026-01-16, Livepeer/Tether (LPTUSDT) opened at 3.201 and closed at 3.291 by 12:00 ET on 2026-01-17, reaching a high of 3.365 and a low of 3.171. The total 24-hour volume was 206,360.52 LPT, with a notional turnover of $672,527.68.
Structure & Formations
Price action showed a bullish engulfing pattern around 21:45 ET and a bearish harami near 03:00 ET, indicating indecision and possible trend exhaustion. Strong resistance levels appeared near 3.245 and 3.28, with a notable break above 3.300 confirming upward momentum.
Moving Averages
The 20-period and 50-period moving averages on the 5-minute chart were in bullish alignment during the final 12 hours, suggesting short-term buying pressure. On the daily timeframe, the 50/100/200 MA crossover appears neutral, with no clear bias toward a long-term trend.
MACD & RSI
The MACD histogram showed a peak in bullish momentum just before 13:00 ET, followed by a gradual contraction. RSI reached overbought levels above 70 early in the session, but failed to sustain the move, hinting at potential profit-taking or short-term reversal.
Bollinger Bands
Volatility expanded as the price moved above the upper Bollinger Band during the mid-session peak. A period of contraction was observed just before 17:00 ET, followed by a sharp breakout that confirmed a breakout trade to the upside.
Volume & Turnover
Volume surged during the final 6 hours of the session, especially after 13:00 ET, aligning with the price breakout. Turnover increased in tandem, confirming the price action. A divergence in volume during the early morning dip suggested caution around short-term support levels.
Fibonacci Retracements
Recent 5-minute swings showed key retracement levels at 3.33 (38.2%) and 3.30 (61.8%). The 61.8% level held during the late afternoon consolidation, while the 38.2% level acted as a trigger for a rally. Daily Fibonacci levels also aligned with key resistance at 3.28–3.30.
Looking ahead, the pair may test key resistance at 3.365–3.37 before facing a potential pullback to the 3.30–3.28 zone. Investors should watch for volume confirmation on the next breakout attempt, as divergences could signal exhaustion.
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