Market Overview for Livepeer/Tether (LPTUSDT): Volatile 24-Hour Session with Mixed Momentum

Summary
• Price opened at $3.178 and closed at $3.181, with a high of $3.242 and low of $3.070.
• A bullish engulfing pattern emerged at the 13:45 ET candle, signaling potential upward momentum.
• RSI reached overbought territory above 70, suggesting short-term exhaustion.
• Volatility expanded throughout the session, with Bollinger Band width increasing by 18% from midday to early evening.
• Notional turnover hit $68,435.42 at 14:15 ET, aligning with the day’s highest price spike.

Livepeer/Tether (LPTUSDT) opened at $3.178 on 2025-12-17 at 12:00 ET and closed at $3.181 on 2025-12-18 at the same time, reaching a high of $3.242 and a low of $3.070. Total volume traded during the 24-hour period was 205,118.6 LPT, with notional turnover totaling approximately $647,518.52.

Structure & Formations

The 24-hour period featured a strong bearish move into the early afternoon, reaching a swing low at $3.070. This was followed by a sharp rebound, forming a bullish engulfing pattern at the $3.190–$3.209 range.

The formation suggests a potential reversal, though price failed to hold above the prior day’s high. On the 5-minute chart, a doji appeared at the 16:00 ET candle, hinting at short-term indecision.

Moving Averages

Price spent much of the session below the 50-period moving average (5m), though closed just above it. The 20-period line acted as a dynamic support zone in the late evening. Daily MAs are less relevant due to the short timeframe, but the 200-day appears to sit just below the 24-hour low, providing a potential floor for further declines.

MACD & RSI

The MACD showed a bullish crossover in the late afternoon, aligning with the price rebound. However, the RSI briefly entered overbought territory above 70, indicating potential short-term fatigue. RSI divergence occurred in the early morning, with lower lows in volume not fully supporting the price move down.

Bollinger Bands

Volatility expanded significantly in the afternoon, with Bollinger Band width increasing by nearly 18% from midday to 16:00 ET. Price briefly touched the upper band before retracing, suggesting short-term overextension. The lower band acted as support in the early morning but failed to prevent a deeper pullback.

Volume & Turnover

Volume and turnover spiked in the early afternoon, particularly at 14:15 ET, when a $3.242 high was reached. The $68,435.42 turnover at that time suggests strong participation and conviction. However, volume during the late rebound was relatively muted, indicating mixed sentiment.

Fibonacci Retracements

A 5-minute retracement from the $3.070 low to the $3.242 high placed the 61.8% level at approximately $3.194—very close to the session’s high. This level may now act as a near-term resistance. On the daily chart, the 38.2% retracement from a major prior dip appears to align with the 24-hour close, suggesting possible consolidation ahead.

The session appears to have exhausted some bearish momentum with the late rebound, but the overbought RSI and relatively weak volume on the rally may indicate caution ahead. While the bullish engulfing pattern may support a test of $3.21, a failure to clear the 61.8% retracement could lead to another pullback. Investors should monitor the 50-period MA as a near-term key level and be mindful of potential volatility in the next 24 hours if sentiment shifts.