Market Overview for Livepeer/Yen (LPTJPY)

Summary
• Price opened at 830.5 and closed at 830.5 with a 24-hour low of 814.7 and a high of 843.6.
• A sharp dip in the early evening was followed by a strong rebound, suggesting potential short-term volatility.
• Volume spiked during the key downward move but remained low during consolidation periods.

Livepeer/Yen (LPTJPY) opened at 830.5 on 2025-11-09 at 12:00 ET and closed at 830.5 on 2025-11-10 at 12:00 ET. During the 24-hour window, the pair reached a high of 843.6 and a low of 814.7. Total volume across the 96 data points was 1,274.36, while notional turnover amounted to approximately 1,061,857.50 JPY.

Structure & Formations

The 15-minute chart shows a bearish reversal pattern forming around 2025-11-09 22:45, where price dropped from 825.4 to 814.7 in one candle. This appears to signal a potential short-term support zone near 814.7–818.7. Later in the session, the price rebounded from this level, forming a bullish engulfing pattern around 2025-11-10 00:00–00:15, suggesting possible near-term support at 820.4–825.2. Key resistance appears at 835.5–837.3, with consolidation forming above that range.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remain in close proximity, with price oscillating slightly above and below the 20-period line. This suggests a mixed market sentiment—no clear uptrend or downtrend is established. On the daily chart, the 50-period MA sits below the 200-period MA, indicating a potential bearish bias at the longer term.

MACD & RSI

The MACD has shown a narrowing histogram in the morning hours, signaling a potential pullback in momentum. The RSI has moved back into neutral territory from a brief overbought condition near 70, suggesting the recent upward move may not have enough steam to continue. A reading near 50 on the RSI indicates the market is consolidating, with neither buyers nor sellers dominating.

Bollinger Bands

Volatility expanded during the late evening hours, particularly as price broke below the lower Bollinger Band and then retested it. The recent move back into the middle band indicates a potential resumption of range-bound trading. A contraction in the bands is expected if the price continues to consolidate near the 830.5–835.5 range.

Volume & Turnover

Volume spiked sharply during the downward leg from 825.4 to 814.7, with one candle showing a volume of 29.91 on turnover of approximately 24,755.37 JPY. However, volume has since fallen to near zero during consolidation periods, indicating a lack of conviction in the current range. A divergence between price and volume suggests the market may be waiting for a stronger catalyst.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 814.7 to 840.2 shows key levels at 824.1 (38.2%) and 832.0 (61.8%). The price has tested the 61.8% level multiple times and appears to be consolidating near 830.5–835.5. A break above 837.3 could confirm a short-term bullish trend, while a retest of 820.4 could signal renewed bearish momentum.

Backtest Hypothesis

Given the presence of clear bearish and bullish reversal patterns, a potential backtest could focus on shorting after a bearish engulfing pattern forms below key support levels (e.g., 814.7–818.7) and going long after a bullish engulfing pattern appears near key resistances (e.g., 835.5–837.3). Additionally, RSI divergence and Bollinger Band contractions could serve as entry and exit signals. This hypothesis would benefit from a more accurate ticker symbol or OHLC data for LPTJPY to ensure precise historical pattern identification and execution logic.