Market Overview for Livepeer/Tether (LPTUSDT) - September 23, 2025

• Livepeer/Tether (LPTUSDT) declined sharply overnight before rallying to close higher, forming a bullish recovery pattern.
• Key support levels tested and held at 6.15–6.18, while resistance at 6.30–6.35 appears intact but under pressure.
• Volume spiked during the afternoon and early evening rally, confirming strength in the 6.25–6.30 range.
• RSI shows overbought conditions late in the session, suggesting a potential pause or consolidation ahead.
• Volatility expanded from 6.15 to 6.45, indicating increasing conviction in both directions.

Market Snapshot

Livepeer/Tether (LPTUSDT) opened at 6.24 on September 22 at 12:00 ET and closed at 6.396 on September 23 at 12:00 ET, reaching a high of 6.453 and a low of 6.147. Total volume for the 24-hour period was 147,988.39 and notional turnover was $930,310. The pair demonstrated significant volatility, with a late-night pullback followed by a strong rally fueled by increased buying pressure.

Structure & Formations

Price action over the past 24 hours featured multiple key structures, including a bearish breakdown followed by a bullish reversal. A large bearish candle with a long lower wick formed at 6.184–6.235, suggesting rejection of lower levels. A subsequent strong bullish candle, opening at 6.235 and closing at 6.269, confirmed a short-term bullish bias. Key support levels were identified at 6.15, 6.18, and 6.22, while resistance was marked at 6.30, 6.35, and 6.40. A bullish engulfing pattern emerged at 6.35–6.41 during the early morning session, signaling a possible trend reversal.

Moving Averages and Indicators

On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover around 6.30 as the price moved higher. The 50-period MA at 6.32 acted as a dynamic support. On a daily basis, the 200-period MA remains below 6.20, suggesting that long-term bearish sentiment is still present but short-term momentum is shifting. The 50-period MA is rising into the 6.30–6.35 area, indicating potential for further upward movement if this level is cleared.

MACD showed a bullish divergence during the afternoon rally, with a positive crossover confirming the shift in momentum. The RSI, which entered overbought territory near the session’s high of 6.45, may signal a temporary pause or consolidation. The RSI remains elevated, suggesting that the bullish momentum is still intact but could require a pullback to sustain it.

Volatility and Bollinger Bands

Volatility expanded significantly, with Bollinger Bands widening from a narrow range of 6.18–6.22 to a broader 6.15–6.45. Price spent most of the session within the bands but touched the upper band multiple times during the rally, indicating strong buying pressure. A notable contraction occurred at 6.20–6.22, which was followed by an explosive move upward, suggesting a breakout was imminent.

The 20-period Bollinger Band width reached a peak during the late morning session, signaling a potential exhaustion of the volatility expansion. A retracement toward the lower band is now a possibility, but given the recent strength, a continuation above the upper band is more probable.

Volume and Turnover Dynamics

Volume spiked during the key bullish candle at 6.235–6.269, with a volume of 7,356.3 units traded at 6.28–6.338, confirming the strength of the reversal. Turnover during this period was concentrated in the 6.30–6.35 range, reinforcing the idea that buyers were stepping in with conviction. A divergence between price and volume occurred near 6.18–6.22, indicating some hesitancy from sellers at that level.

The volume profile shows a significant accumulation between 6.25–6.35, with a peak near 6.30–6.35. This suggests that a key level of buying interest is emerging in this range. If the price retests this level without a significant drop in volume, it could indicate a strong base for a potential breakout.

Fibonacci Retracements and Momentum

Applying Fibonacci retracements to the 6.147–6.453 swing, key levels at 6.30 (38.2%), 6.23 (61.8%), and 6.18 (78.6%) were all tested over the past 24 hours. The 6.23 level held as strong support, while the 6.30 level is showing signs of being a key resistance. On a daily chart, the 50% Fibonacci level of the recent low-to-high move is at 6.29, aligning with the short-term moving average and suggesting potential consolidation or breakout possibilities.

Backtest Hypothesis

The backtesting strategy described focuses on using the 15-minute MACD crossover and RSI divergence to identify potential reversal points. Over the past 24 hours, a bullish MACD crossover occurred during the afternoon rally, while RSI divergence suggested a weakening of the bearish trend. This aligns well with the strategy’s criteria for a long entry. If implemented, this approach could have captured a portion of the upward move from 6.23 to 6.396.

The key is timing the entry after the RSI divergence and confirmation by the MACD. The current setup suggests the strategy could be tested in the coming session by watching for a potential pullback toward 6.30–6.35 and retesting the RSI for signs of a bearish divergence or a bullish crossover. Given the strength of the recent volume and price action, the strategy has a high probability of success if applied to a similar setup in the near future.