The road traffic state is usually analyzed from a temporal and macroscopic perspective; however, traffic flow parameters, such as density and spacing, can explain the evolution of traffic states from the microscopic perspective and the spatial distribution of vehicles in lanes. In this paper, we attempt to take both temporal and spatial characteristics into consideration simultaneously, and a parameter is defined as the traffic spatiotemporal state of urban road sections to represent the operational status of road traffic, using advanced prediction techniques to estimate its short-term trends. An estimation method is constructed for the traffic spatiotemporal state considering travel times, speeds, and queuing situations from temporal and spatial perspectives. Then, based on Takens’ theorem and the single variable phase space, the phase space of multiple traffic parameters is reconstructed and the chaotic characteristics are analyzed. Next, an LSTM prediction model is constructed based on the phase space reconstruction of multiple variables, and the traffic parameters are predicted by empirical analysis. The results show the proposed estimation method has a significantly improved accuracy. Finally, combined with RFID data, the traffic spatiotemporal state of the case section is calculated, which provides a theoretical basis and practical reference for road traffic state evaluations.