Market Overview: Livepeer/Yen (LPTJPY) 24-Hour Technical Summary

Summary
• Price declined from 508.0 to 498.8 before staging a late recovery to 519.0.
• Downturns were confirmed by low-volume consolidation and bearish engulfing patterns.
• Recovery momentum accelerated with rising volume near 517.9 and 515.8.
• RSI dipped below 30, signaling potential oversold conditions during the selloff.
• Bollinger Bands showed mild expansion during the final hours of the session.

Livepeer/Yen (LPTJPY) opened at 505.8 on 2026-01-15 at 12:00 ET, touched a high of 519.0, fell to a low of 498.8, and closed at 514.5 on 2026-01-16 at 12:00 ET. Total volume was 1,329.37, and turnover reached 696,239.19.

Structure & Formations

Price tested a key support level at 498.8, where a bearish engulfing pattern confirmed the breakdown. A later reversal to 519.0 formed a bullish divergence in price and volume. A doji near 511.8 suggested indecision, while a strong close at 514.5 reinforced the potential for further upside.

Moving Averages

On the 5-minute chart, price retested the 20-period MA at 505.0 before rebounding. The 50-period MA acted as a dynamic support in the final hour. On the daily chart, the 50/200 MA crossover remains neutral, with the 50 MA showing signs of moving above the 200 MA.

Momentum and Volatility

MACD remained negative through most of the session, but crossed into positive territory during the final 30 minutes. RSI bottomed at 29 during the selloff, suggesting oversold conditions. Bollinger Bands showed mild expansion as the recovery gained steam, with price closing near the upper band.

Volume and Turnover

Volume spiked at 128.42 and 78.96 during key turning points, with a final push above 421.47 at 12:45 ET confirming the closing strength. Turnover aligned with volume, peaking during the 08:45–12:45 ET period. No significant divergence between price and turnover was observed.

Fibonacci Retracements

A 50.0% retracement of the 498.8–519.0 move came in at 509.0, where price found support. A 61.8% retracement of the same range is at 513.9, which was closely tested in the final candle. On the daily chart, key Fibonacci levels align with the 514.0–516.0 range, offering immediate resistance.

Livepeer/Yen appears to be in a consolidation phase following a key support test and partial recovery. The next 24 hours may see a test of the 517.9 high and a potential pullback. Investors should watch for a break above 517.9 with sustained volume as confirmation of further momentum. Volatility remains moderate, with risks skewed to the upside.