Market Overview: Livepeer/Tether (LPTUSDT) 24-Hour Breakdown

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 8, 2026 5:23 pm ET1min read
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Aime RobotAime Summary

- LPTUSDT fell 6.4% in 24 hours, breaking key support and 50-period MA with bearish patterns.

- RSI hit oversold levels below 30, MACD confirmed downtrend, while Bollinger Bands expanded post-contraction.

- Volume surged during $3.20 breakdown but diverged later, signaling weak buyer conviction.

- Price may test $3.05–$3.10 support zone, with 61.8% retracement at $3.15 already breached.

Summary
• Price declined 6.4% over 24 hours, forming bearish continuation patterns.
• Volatility expanded as price broke key support levels and moved below 50-period MA.
• RSI signaled oversold conditions near 30, but volume failed to confirm a bottom.
• Bollinger Band contraction occurred earlier, followed by a sharp expansion.
• Downtrend acceleration suggests potential for further consolidation or short-term bounce.

Livepeer/Tether (LPTUSDT) opened at $3.252 on 2026-01-07 at 12:00 ET, hit a high of $3.281, and closed at $3.119 at 12:00 ET on 2026-01-08 after hitting a low of $3.056. Total 24-hour volume reached 105,484.82, with $333,884.08 in notional turnover.

Price Structure and Candlestick Patterns


Price action revealed multiple bearish formations, including a key breakdown below the 50-period moving average, signaling short-term bearish momentum. A notable bearish engulfing pattern appeared after midday, while a long lower wick suggested brief buying interest but failed to reverse the trend.
A key support level around $3.20 broke with strong follow-through selling, indicating a shift in sentiment.

Momentum and Volatility Indicators


MACD showed a bearish crossover in late trading hours, confirming the downward bias. RSI dipped into oversold territory but remained below 30 for extended periods without a meaningful rebound, suggesting a lack of buying pressure. Bollinger Bands had tightened earlier in the session before a sharp price drop expanded volatility. Price remained well below the lower band for much of the session, reinforcing the bearish tone.

Volume and Turnover Dynamics


Volumes surged during the breakdown below $3.20 and again after 21:00 ET, confirming the bearish bias. However, turnover increased unevenly relative to volume during key selloffs, hinting at mixed participation. A divergence appeared in late trading where volume failed to rise with price rebounds, signaling weak conviction in short-term buyers.

Fibonacci and Retracement Levels


The recent 5-minute swing from $3.281 to $3.056 saw price testing the 61.8% Fibonacci retracement at $3.18, which it failed to hold. On the daily chart, the 2026-01-07 high of $3.28 represents a key psychological level, with the 61.8% retracement of that swing currently at $3.15—already breached. Further support is expected near $3.10–$3.05, based on the most recent 24-hour move.

Price may test the $3.05–$3.10 range in the near term, with a potential bounce into the 38.2% retracement at $3.18. However, a sustained move below $3.05 could extend the bearish bias into the next cycle. Investors should remain cautious as volatility remains elevated and momentum indicators have not yet signaled a reversal.