Market Overview for Livepeer/Yen (LPTJPY): Volatility, Key Resistance, and Mixed Momentum

• LPTJPY closed lower at 816.0 after a volatile 24-hour session.
• Price broke above a key 15-min resistance at 800.6, but failed to sustain.
• Late-volume spikes coincided with a sharp rebound, but RSI remains in overbought territory.
• Bollinger Bands show recent expansion, indicating increased short-term volatility.
• Fibonacci retracements suggest 793.5 as possible near-term support ahead of 776.4.

Livepeer/Yen (LPTJPY) opened at 792.9 on 2025-11-05 12:00 ET and closed at 816.0 on 2025-11-06 12:00 ET. The 24-hour period saw a high of 823.0 and a low of 769.0. Total volume reached 17,021.64, while notional turnover was driven by strong late-session buying pressure.

Structure & Formations

Price formed multiple key patterns, including a bullish engulfing pattern at 786.0 and a bearish evening star near 803.2. A doji formed at 799.6 around midnight, signaling indecision. Resistance at 800.6 was tested multiple times, with the final break occurring late in the session but failing to hold. A strong support zone appears at 793.5, where price bounced twice on the 15-min chart.

Moving Averages

On the 15-min chart, the 20SMA and 50SMA crossed above 792.9 in early hours and moved upward with price. By morning, the 50SMA acted as a dynamic support between 796.0 and 799.6. The 20SMA crossed above 800.0 in the early morning and held through a minor retracement. On the daily chart, the 50DMA hovered near 800.0, while the 100DMA and 200DMA lagged slightly lower, suggesting a potential consolidation phase is forming.

MACD & RSI

The MACD line turned upward after 07:30 ET, with the histogram expanding during the final hour of the session. RSI reached overbought territory (above 70) at 816.6 and remained there through the closing hours, suggesting short-term exhaustion. However, divergence between price and RSI near 805.6 suggests caution for a potential pullback.

Bollinger Bands

Bands were in a state of moderate expansion during the session, with price bouncing off the lower band at 786.0 and touching the upper band at 806.2. The most recent candle closed near the upper band, indicating increased volatility. A potential reversal could be in the offing if price struggles to maintain above the 810.0 level.

Volume & Turnover

Volume surged during the late session, particularly between 05:30 and 08:00 ET, as price moved from 769.0 to 819.4. The highest single-candle turnover occurred at 09:45 ET, where 2761.64 volume propelled price up to 819.4. The divergence between late-day volume and price suggests a possible test of the 810.0 zone, as buyers may struggle to sustain above 816.0 without further confirmation.

Fibonacci Retracements

Using the recent 15-min swing from 769.0 to 823.0, the 38.2% retrace level sits at 806.1, and the 61.8% level at 789.3. These levels appear to have coincided with key support and resistance clusters, particularly the 793.5 and 790.8 levels on the 15-min chart. On the daily chart, the 61.8% retrace of the broader range suggests a key area to watch for a potential pullback.

Backtest Hypothesis

A proposed backtest strategy hinges on detecting RSI overbought conditions (RSI > 70) combined with a close above the 20SMA to generate sell signals. This approach could have been applied to the 09:45–10:00 ET candle, where RSI entered overbought territory and price closed near 816.0. The strategy would aim to capture short-term volatility while minimizing exposure to potential overextension. However, the presence of divergences and dojis in the last few candles may challenge the reliability of this signal without additional volume confirmation.