Market Overview for Livepeer/Tether (LPTUSDT)

Summary
• Price surged past $3.37 before consolidating near $3.18–$3.21.
• High-volume breakout on 5-min chart suggests strong bullish momentum.
• MACD and RSI indicate overbought conditions near $3.37.
• Volatility expanded during peak rally, with Bollinger Bands widening.
• Fibonacci levels at $3.25 and $3.15 are key near-term supports/resistances.

Livepeer/Tether (LPTUSDT) opened at $3.159 on 2026-01-10 at 12:00 ET and reached a high of $3.555 during the 24-hour window before closing at $3.181 at 12:00 ET on 2026-01-11. The total trading volume was 527,677.49 with a notional turnover of $1,745,115.39.

Structure & Formations

The price formed a strong bullish breakout above $3.366 during the 5-minute timeframe, followed by a large bullish engulfing pattern and a long white candle at $3.532. This indicates a shift in short-term sentiment. A bearish correction followed with a key support level identified at $3.236, where price found temporary stability before retracing to $3.18. A 5-minute doji emerged near $3.315, suggesting indecision.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages were clearly crossed during the surge to $3.37, confirming bullish momentum. On the daily timeframe, the 50-period and 200-period moving averages may be approaching convergence, suggesting a potential inflection point in the longer-term trend.

MACD & RSI

The MACD showed a sharp positive crossover during the midday rally, with a strong signal line crossing above zero. RSI reached overbought territory above 70 during the $3.37 peak, suggesting a possible near-term correction. A pullback to the 50- to 60-RSI range would indicate renewed balance.

Bollinger Bands

Volatility expanded significantly during the peak rally, with prices reaching the upper band at $3.376. The subsequent consolidation has seen prices settle near the middle band, indicating a period of reduced volatility and possible consolidation ahead. A breakout above the upper band would reinforce bullish momentum.

Volume & Turnover

Trading volume spiked during the peak rally, with the largest candle contributing 186,779.51 units and $600,583.31 in turnover. Price and volume action confirmed the breakout above $3.366. A divergence in volume during the late-day pullback suggests caution, but the overall move remains supported by strong notional turnover.

Fibonacci Retracements

Recent 5-minute swings suggest key levels at 38.2% ($3.43) and 61.8% ($3.35). Daily retracements from the high near $3.555 point to a 38.2% level at $3.35 and a 61.8% level at $3.21. A sustained break above $3.35 could target higher levels, while a close below $3.21 may test $3.15 as the next critical support.

The price may consolidate near $3.18–$3.21 ahead of a potential follow-through move. A break above $3.25 could target $3.35, but investors should remain cautious of a pullback below $3.15.