Summary
• Price action showed a bullish breakout from a consolidation range near $3.50 with a 5-minute close above $3.614.
• Volume surged in the final 6 hours of the 24-hour window, confirming the upward bias.
• RSI hit overbought territory near 72, while MACD crossed into positive territory with a strong histogram.
• A potential 61.8% Fibonacci retracement level appears at $3.66, aligning with a key resistance on the 5-minute chart.
• Volatility expanded late in the session as price moved above the upper Bollinger Band for the first time in 48 hours.
Livepeer/Tether (LPTUSDT) opened at $3.473 on 2025-12-12 at 12:00 ET, reached a high of $3.655, and closed at $3.645 as of 2025-12-13 at 12:00 ET, with a low of $3.438. Total volume over the 24-hour window was approximately 83,398.88 LPT, and notional turnover was around $297,368.
Structure & Formations
Price moved from a bearish 5-minute channel into a bullish breakout pattern after forming a series of higher lows and higher highs above $3.50. A key resistance at $3.55 was decisively broken, followed by a bullish engulfing pattern forming at $3.55–$3.575. The final 5-minute candles showed a strong continuation of momentum, with a potential overhead resistance near $3.66 as a Fibonacci 61.8% retracement target.
Moving Averages
On the 5-minute chart, the price closed well above both 20-period and 50-period moving averages, confirming a short-term bullish trend.
On the daily chart, a positive crossover occurred between 50-day and 100-day moving averages in the previous week, supporting the long-term bullish thesis.
MACD & RSI
The 5-minute MACD crossed into positive territory with a strong histogram, indicating growing momentum. RSI hit overbought territory at 72, suggesting a potential pullback could be imminent. However, the price shows no signs of exhaustion, and the upward slope of the MACD suggests the trend may continue for now.
Bollinger Bands
Volatility expanded significantly in the latter half of the 24-hour window, with the price pushing above the upper Bollinger Band for the first time in several sessions. The expanding bands suggest increased conviction among traders, but the overbought RSI and tight 5-minute retracements suggest caution around key levels.
Volume & Turnover
Volume spiked sharply in the final 6 hours of the window, with the largest 5-minute volume spike occurring at 11:15 ET on 2025-12-13 (amount: $3.635). Notional turnover rose in line with the price, with no significant divergence between price and volume, reinforcing the strength of the move.
Looking ahead, LPTUSDT may test the next resistance at $3.66–$3.68. However, if RSI fails to pull back and MACD begins to flatten, a short-term consolidation could follow. Investors should monitor the 50-period moving average and volume activity for confirmation of sustained momentum.
Comments
No comments yet