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Summary
• Price declined sharply from $3.44 to $3.20 amid heavy volume and bearish momentum.
• A bearish engulfing pattern formed during the 5-minute chart’s low volatility phase.
• RSI and MACD confirm oversold territory, hinting at possible near-term rebound.
• Volume surged during the drop, but turnover failed to confirm further bearish strength.
• Key support appears at $3.14–$3.17, with potential for short-term bounce or continuation.
Livepeer/Tether (LPTUSDT) opened at $3.437 on 2026-01-14 at 12:00 ET, reaching a high of $3.444 and a low of $3.143 before closing at $3.202 on 2026-01-15 at 12:00 ET. Total volume was 208,532.62, with notional turnover of approximately $695,885.16.
Structure & Formations
The price action showed a bearish breakdown from a short-term consolidation area, breaking below key support at $3.25 and forming a bearish engulfing pattern on the 5-minute chart during the early hours of the 15th. A doji formed near the $3.236 level, signaling indecision, while the move down to $3.143 marked a potential exhaustion point. A bear trap could develop if a rebound fails to retest $3.30.
Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages both turned downward after the initial break below $3.35, aligning with bearish momentum. The 50-period daily moving average is likely above current levels, reinforcing the short-term bearish trend.
Momentum & Volatility
MACD turned bearish with a negative crossover in the early hours of the 15th, while RSI reached oversold territory near 25–30, suggesting a potential bounce. Bollinger Bands widened during the sharp decline, indicating heightened volatility. Price closed near the lower band, which may act as short-term support or trigger a reversal.
Volume & Turnover
Volume spiked during the selloff from $3.35 to $3.20, with the most significant turnover seen during the $3.25 to $3.143 leg. However, turnover failed to confirm bearish continuation during the last leg, hinting at potential short-term reversal or consolidation.
Fibonacci Retracements
On the 5-minute chart, the decline from $3.44 to $3.20 found a pause near the 61.8% retracement level at $3.25. On the daily chart, the move down appears to align with the 78.6% retracement of a prior bullish leg, suggesting potential support near $3.14–$3.17.
Forward Outlook and Risk
If the $3.14–$3.17 level holds, a rebound toward $3.25–$3.30 is possible in the next 24 hours. However, a break below this level could extend the decline toward $3.10–$3.05. Investors should remain cautious as short-term volatility remains high, and divergence in volume may indicate a market reset.
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