Market Overview for Livepeer/Tether (LPTUSDT)

Summary
• Price consolidates after sharp morning selloff, with key support holding near $5.06–$5.08.
• Momentum remains bearish as RSI trends below 50 and volume surges during downswings.
• Volatility expanded on early morning breakout attempt to $5.37, but failed to sustain.
• Fibonacci retracements show 61.8% level at $5.21 as possible near-term pivot.

Livepeer/Tether (LPTUSDT) opened at $5.16 on 2025-11-05 12:00 ET and closed at $5.242 by 12:00 ET the following day, with a high of $5.37 and a low of $4.963. Total volume amounted to 629,905.61 units, and notional turnover reached $3,261,375. The market exhibited clear signs of exhaustion and internal conflict across multiple timeframes.

The candlestick structure reveals a bearish reversal pattern forming as price initially rallied to $5.37 but then corrected sharply into the early hours of the next day. A long lower shadow formed in the 00:15–00:30 ET timeframe, indicating rejection at $5.06–$5.08. This level has since acted as a strong support, holding multiple times during the afternoon and evening.

On the 15-minute chart, the 20-period moving average crossed below the 50-period line, confirming a bearish bias. Daily moving averages (50, 100, and 200) also trend lower, suggesting longer-term bearish sentiment. RSI dipped into oversold territory briefly but failed to trigger a sustained rebound, signaling potential further weakness.

MACD remains bearish with a negative histogram and a slow-moving signal line, aligning with the overall downtrend. Bollinger Bands expanded significantly following the failed breakout, with price currently consolidating within a tighter range, suggesting potential for another breakout attempt or further consolidation.

Volume spiked heavily during the morning sell-off and again at the $5.37 high, with the largest turnover occurring at 09:15 ET when price surged to $5.315. Notional turnover reached a peak at that time, indicating heavy participation and a strong emotional response to the breakout before the market reversed.

Fibonacci retracements of the $5.06–$5.37 swing show key levels at $5.21 (38.2%), $5.16 (50%), and $5.12 (61.8%). Price may test $5.12 next if the current bearish trend persists, but a bounce from $5.21 could indicate a short-term counter-trend move.

The recent backtesting strategy underlines the value of RSI as a momentum indicator and the importance of clearly defined resistance levels for exits. Using a 14-day RSI and exiting on the next 20-day swing high could provide a structured approach to capturing short-term moves in LPTUSDT. A backtest using this setup, applied to the recent 24-hour swing high of $5.37 and swing low of $4.963, could reveal the strategy’s viability in volatile and range-bound conditions.